Should Internal Auditors Participate in the Evaluation of External Auditors?

Posted on Sep 23, 2013

In my recent blog on the uptrend in compliance audits, I wrote that internal audit should be risk-centric, meaning that our focus as auditors should evolve to align with prevailing risks and the concerns of our stakeholders. One risk getting a lot of attention these days from regulators and the media is the quality of external audits.

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The Amazing Growth of Internal Audit in Africa

Posted on Sep 16, 2013

In my role as the Global CEO of The IIA, I have the great privilege of traveling and meeting people in different sectors and industries from all over the world. Today I embark on a journey to Africa, where I will address the national conference of IIA–Zimbabwe and assist in various programs at IIA–South Africa, among other things. I’d like to dedicate this blog to our colleagues in Africa, who have every reason to be proud of how far the profession has come in the last 10 years alone. 

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The Compliance Audit Phenomenon: It Is All About Being Risk-centric

Posted on Sep 9, 2013

As I have commented often in this blog, one of the remarkable attributes of our profession has been our ability to adapt our coverage to address the emerging risks facing our organizations. Whether it was Y2K risks in the late 1990s, Sarbanes-Oxley compliance in the mid-2000s, or cost reduction and containment at the outset of the global financial crisis, we have repeatedly refocused coverage to address the most critical risks facing our organizations. 

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Risky Business: Are You Following the Right Risks?

Posted on Sep 3, 2013

The guidance I provide most often to internal auditors is to “follow the risk.” It’s easy for internal auditors to go through our own process of assessing risk in an organization, and auditing against those risks. But if we are focused on the wrong risks — that is, risks that are different from the ones senior management and the board are worried about — then I think we ought to ask ourselves why. 

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