Pandemic supply chain struggles have redefined “good enough” supply chain risk management approaches. While the COVID-19 global pandemic did not introduce the need for supply chain risk management, it served as the ultimate test of supply chains, and many organizations did not demonstrate resiliency. A new collaborative report from the Internal Audit Foundation and Grant Thornton, “Are We Speaking the Same Language? An Integrated Approach to Supply Chain Risk Management,” suggests a how-to approach necessary to strengthen supply chains moving forward.
Internal Audit Foundation and Grant Thornton Release Supply Chain Risk Management Report
Communications Mar 08, 2022
To help organizations learn from the weaknesses in supply chain risk management, revealed in part by the current pandemic, the report captured feedback from 34 respondents — 70 percent of whom identified as CAEs — as to what challenges and opportunities supply chain risk management presents. The result was a report focused on:
- Four areas in which organizations fell short early in the current pandemic.
- Five key steps that serve as the foundation of the path to integration.
- How The IIA’s Three Lines Model can support an integrated approach.
In addition, the report highlights the benefits that organizations can realize through effectively implementing an integrated supply chain risk management practices and discusses why internal audit is well-positioned to add value in this space.
Download a complimentary copy of the report.
Additional Supply Chain Risk Management Resources
- IIA Virtual Symposium: Auditing Supply Chain Risk Disruption, March 29 & 31, 2022 | 12:00‒2:00 p.m. ET, offering up to 4 CPE.
- Internal Auditor Magazine: The Risk Lurking in the Background: Vendor Management by Matt Kelly, Jan. 2, 2022
- Recommended Guidance: Auditing Third-Party Risk Management
Communication Archive
The Institute of Internal Auditors to Hold Global Student Conference April 28 - 30
LAKE MARY, Fla. (March 25, 2024) – The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – will host its Global Student Conference (GSC) in Orlando, Florida between April 28 – 30. The IIA’s GSC brings together college students, educators, and employers from around the world for networking and recruitment opportunities designed to cultivate the next generation of internal audit leaders.
Announcement of the Slate for 2024–25 Global and North American Leaders
The Global and North American Nominating Committees are pleased to announce the nominees for Global Board and North American Board (NA Board) officers, directors, and members, for the open District Advisor and District Representative positions, and for the Canada Advisory Committee.
New Internal Audit Foundation Survey Finds the Internal Audit Profession Growing in North America
LAKE MARY, Fla. (March 11, 2024) – The results of The 2024 North American Pulse of Internal Audit Survey, released today by the Internal Audit Foundation, find a growing profession, with Chief Audit Executives (CAEs) more than twice as likely to have increased staff (26%) than to have decreased staff (9%). Additionally, after sharp cuts due to the COVID pandemic in 2020 and 2021, significantly more internal audit functions are now increasing their budgets (36%) than are decreasing them (13%), according to the new survey of senior internal audit professionals.
IIA Bulletin: SEC Adopts New Climate Disclosure Rules
Bulletin examines new climate disclosure rules.
Institute of Internal Auditors Reviewing SEC’s New Climate Change Disclosure Rule
LAKE MARY, Fla. (March 7, 2024) – The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – is currently reviewing the U.S. Securities and Exchange Commission (SEC)’s newly-issued Climate Change Disclosure Rule.
J. Michael Peppers Announces Departure from IIASB and COSO Board
LAKE MARY, Fla., March 6, 2024 --- The Institute of Internal Auditors (IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – today announced that J. Michael Peppers is stepping down from the International Internal Audit Standards Board (IIASB) and as The IIA’s representative to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Board of Directors.
Internal Audit Foundation and Crowe Report Privacy and Data Protection, Part 3: Insights Into Effective Collaboration Between Internal Auditors and Privacy Professionals
LAKE MARY, Fla. USA (March 1, 2024) — The Internal Audit Foundation has released a new report in collaboration with Crowe, “Privacy and Data Protection, Part 3: Insights Into Effective Collaboration Between Internal Auditors and Privacy Professionals.”
The IIA Introduces New Resources to Facilitate Implementation of New Global Internal Audit Standards
LAKE MARY, Fla. (February 9, 2024) — The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – has shared a robust collection of tools and resources to help internal auditors incorporate the new Global Internal Audit Standards™ into their practice.
COSO Names Chair Lucia Wind as its first Executive Director
NEW YORK, February 7, 2024 – The Executive Board of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced today that COSO Chair Lucia M. Wind has been named as COSO’s first-ever full-time Chair and Executive Director, effective December 1, 2023.
The Institute of Internal Auditors to hold ‘Great Audit Minds’ Conference March 11-13
LAKE MARY, Fla. (February 1, 2024) – The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – will host its Great Audit Minds (GAM) Conference March 11-13 in Las Vegas, Nevada.
The Internal Audit Foundation Announces Grants for Individuals and Universities, Relaunches Larry B. Sawyer Student Scholarship
LAKE MARY, Fla. (January 29, 2024) — The Internal Audit Foundation, part of The Institute of Internal Auditors (The IIA), today announced it is awarding more than $100,000 in individual and university grants, and relaunching its Sawyer Scholarship.
The IIA Releases New Global Internal Audit Standards to Lead Profession into the Future
LAKE MARY, Fla. (January 9, 2024) — The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – today released its new Global Internal Audit StandardsTM.
Announcing the AI Knowledge Center
The IIA has developed a centralized source on theiia.org with helpful categories for members to find the tools and insights they need.
The IIA’s Standards Board Approves Global Internal Audit Standards
LAKE MARY, Fla. (December 13, 2023) — The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – today announced that the International Internal Audit Standards Board (IIASB) voted to approve the new Global Internal Audit StandardsTM, paving the way for their release in January.
The IIA and Internal Audit Foundation Recognize Nelson Mandela University as a Center for Internal Auditing Excellence
LAKE MARY, Fla. (November 2, 2023) — The Internal Audit Foundation, part of The Institute of Internal Auditors (The IIA), today recognized Nelson Mandela University in Port Elizabeth, South Africa as a Center for Internal Auditing Excellence, the highest designation bestowed by The IIA for universities promoting the growth and success of the profession.
The IIA Names Benito Ybarra Executive Vice President of Global Standards, Guidance, and Certifications
Benito Ybarra, CIA, CISA, CFE, CCEP, is joining the organization as its new Executive Vice President of Global Standards, Guidance, and Certifications, effective November 28.
IT Auditors Identify Cyber Risks, Data Privacy and Talent Shortages Among the Biggest Technology Challenges Companies Face
New survey from The Institute of Internal Auditors and Protiviti reveals the top tech risks that should be on every executive’s agenda
The IIA Mourns Sudden Passing of Former Global Board Chair, Phil Tarling
On October 6, The IIA and the global internal audit profession were shocked by the sudden passing of a dynamic and beloved volunteer leader, Philip D. “Phil” Tarling, CIA, QIAL, CRMA, CMIIA.
International Internal Audit Standards Board completes review of public comments on Global Internal Audit Standards
Responses categorized to resolve the most cited issues.
Internal Auditor Magazine Names 2023 Emerging Leaders
Award recognizes young professionals for their outstanding contributions to the internal audit profession and their communities.
The Institute of Internal Auditors’ IGNITE Conference to Be Held October 24-26
Sessions will deliver a dynamic learning experience for emerging leaders in the internal audit profession
The IIA Applauds Improvements in PCAOB’s Updated Confirmations Auditing Standard
Updated Version Reflects Important Changes Sought by the Internal Audit Profession
Internal Audit Foundation Releases First-of-its-Kind Global Risk in Focus Reports
Survey of Internal Audit Leaders Finds Cybersecurity and Human Capital to Be the Highest Risks Across the Globe
The IIA’s Anthony Pugliese Named Among Most Influential Leaders in Corporate Governance
NACD Directorship 100 Recognizes the Most Influential Corporate Directors and Governance Experts
The Institute of Internal Auditors’ Financial Services Exchange to Be Held September 11-12 in Washington, D.C.
Sessions focus on the latest trends in financial services and best practices for internal auditors
The Institute of Internal Auditors Welcomes Malta and Somalia to its Global Federation
Internal Audit Association now has 116 international affiliates.
IIASB Announces New Chair and Reviews Standards Feedback
The IIA releases initial results from public comment survey about the Global Internal Audit Standards.
SEC Addresses Some of IIA’s Recommendations in Final Cybersecurity Risk Management Rule
The IIA Sees Opportunity to Strengthen Investor Protections by Providing Greater Transparency and Increased Accountability Around Cybersecurity Incidents
Orville Walter Mills Chairman Announcement
On July 14, The IIA and the global internal audit profession lost one of our champions and volunteer leaders with the passing of Orville Walter Mills, Jr.
SEC ISSUES NEW CYBERSECURITY DISCLOSURE RULES
IIA Bulletin on new SEC cybersecurity rules
Former IIA Global Chair J. Michael Peppers Named New IIA Representative to COSO Board
The Institute of Internal Auditors (IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – today announced that it has appointed former Global Board Chair J. Michael Peppers as its new representative to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Board of Directors.
New Report Outlines Internal Audit’s Key Role Promoting DEI Across Organizations and their Stakeholders
The Institute of Internal Auditors (IIA), Internal Audit Foundation, and Deloitte today released the final report in their three-part series on internal audit’s opportunity to help foster a diverse, equitable, and inclusive culture by assessing an organization’s diversity, equity, and inclusion (DEI) practices, beginning with their own function.