Overcoming the 5 Classic Myths About Internal Auditing
Reading Time: 2 minutes In a recent article, Richard Chambers, IIA CEO, identified the following “Five Classic Myths About Internal Auditing”
Internal auditors are accountants by training.
Auditors are nit-pickers and fault-finders.
It’s best not to tell the auditors anything unless they specifically ask.
Internal auditors follow a cycle in selecting their audit “targets” and use standard checklists so they can audit the same things the same way each time.
Internal audit is the corporate “police function.”
These “myths” are spot on. But how do we overcome the