The Institute of Internal Auditors (IIA) recently released a well researched and excellently written report title On Risk 2020: A Guide to Understanding, Aligning, and Optimizing Risk (click the link to download). They surveyed several […]
3 Reasons Boards are overconfident Read More »
From the White House to Wall Street, there has been a lot of talk lately about whistleblowers. In the Ethiopian Airlines scandal, an engineer warned company execs for years about shoddy aircraft service. In March
When Whistles Blow, 3 Things Auditors Must Know Read More »
Outside of boxing or mixed martial arts, internal auditing has to be one of the most contentious careers around. After all, you hardly ever a department saying, “Let’s invite the internal auditors to our next
How to Become a Respected Audit Professional Read More »
Most modern organizations have at least one process that is outsourced or co-sourced to a third-party provider. There are numerous reasons why this may be a good decision. Sometimes there may be non-core functions that
Internal Auditors Must Rethink Third-Party Providers Read More »
You’ve just completed a very complex audit. There were a multiple issues to report. Some issues have easy fixes and others would require a significant amount of time and attention. Management’s action plans are very
The Follow-up Audit Fallacy Read More »
I am an internal auditor and I love it. Most outside of the profession believe that internal auditors sit behind a desk all day with a 10 key (remember those?) or a spreadsheet verifying numbers.
Three Reasons You’ll Love Internal Auditing Read More »
Auditors are humble messengers who deliver news to clients. The news is typically an assessment of management’s processes. And let’s be honest, auditors can find something to report in any area, no matter how well
How to Deliver Bad News to Audit Clients Read More »
Have you ever been in the middle of an audit engagement with severe issues and thought, “This is the audit that will get me fired!”? I know what you’re thinking, “That’s absurd”. After all, who
3 Reasons Auditors Should Not Fear Being Fired Read More »
There is a joke about the love/hate relationship between auditors and clients. Auditor: We’re coming to audit you soon. Will you guys be available? Client: Sure, you know we love you guys! Auditor: REALLY Client:
The Audit Love Triangle Read More »
I recently hired a new employee. One of the first things I wanted to do was make him comfortable with the people performing the processes…our audit clients. So I hustled him from department to
Auditors should not be Confined to Cubicles Read More »