Feed a Fever, Starve an Internal Audit Function

Posted on Feb 20, 2014

Earlier this week, I came across an article that discussed an ongoing dispute in Delaware over funding of the State Auditor’s office. Partisan politics appear to be at the root of a debate over more than US $2.5 million sought by the State Auditor to make his auditors’ pay scale more competitive. The title of the article, “Delaware Auditor: Low Pay Could Muzzle ‘Watchdogs’,” might be a bit sensational, but don’t underestimate the effectiveness of purse strings toward containing internal audit functions in government or the corporate sector.

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Has It Been 5 Years Already?

Posted on Feb 11, 2014

This week marks the fifth anniversary of this blog, which I launched only days after joining The IIA’s Global Headquarters as president and CEO. It was a time of huge challenges amid the worst economic crisis since the Great Depression. The IIA, subject to the same pressures as our members, was exploring how to navigate the financial challenges we faced. And, while I acknowledged the obstacles ahead in that first blog, even then I could see potential and opportunity — for our members, for our global association, and for the internal audit profession as a whole. 

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Do You Know What Your Third Parties Are Up To?

Posted on Feb 4, 2014

Internal auditors are right to be concerned about third-party risks. The days of a company’s suppliers or partners being well-known and trusted businesses on the same street or town are a distant memory.

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