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The growing need for management and oversight accountability is in the spotlight today. But those at the top cannot effectively demonstrate accountability without the input, support, and buy-in of many throughout the organization. Maintaining an ethical corporate environment and ensuring strong internal controls are a shared responsibility of all. To meet this challenge, there must be an enterprise-wide diligence toward the highest level of ethical and proficient operations, fostered by the tone at the top. Clearly, many organizations are exemplary in modeling integrity, innovation, ethics, and accountability. Ideally, we all would aspire to emulate that model. However, in the prospect of unprecedented growth and profit, others have turned a blind eye to evidence of eroding corporate values.

The Institute of Internal Auditors (IIA) is committed to fostering best business practices in all sectors, and encourages organizations to pause and consider the basics of corporate accountability and governance. One invaluable internal resource that can and should play a meaningful role is the internal audit activity. In this brief video, The IIA responds to the current financial problems around the globe, challenging all at the top of their organizations to be proactively involved.

Watch this space for other presentations and tools about the crisis.