Going Beyond Risk Levels

Posted on Jul 20, 2014

Some are satisfied with knowing whether the level of a risk is high, medium, or low. I think a far better assessment, one more attuned with running the business, is whether the risk is at an acceptable level. 

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Time for Internal Audit to Graduate

Posted on Jul 14, 2014

The audit committee is charged with oversight of financial reporting, the external auditor, other financial risks, and sometimes but not always enterprise risk management. 

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The State of Internal Audit

Posted on Jun 28, 2014

We have some recent surveys and reports on this topic. Thomson Reuters, a software vendor that has provided internal auditors with audit management solutions for many years (formerly known as Paisley), has published State of Internal Audit report 2014: Adapting to Complex Challenges. Grant Thornton, a CPA firm, shared the results of their CAE survey, Adding internal audit value: Strategically leveraging compliance activities

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