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 Board members, Executive Management teams members and Chief Audit Executives. The research revealed that Board members were more confident in […]

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 2019, a Boeing 737 crashed killing 157 people. The whistleblower engineer is now seeking asylum in the United States. (1)

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 third parties perform better. Other times it is more financially feasible to have an outside party perform a function. And

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 detailed. They contain concise responses, assign responsible parties for fixing the issues and include due dates. So when audit and

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 would fire auditors for doing the job you hired them to do? In a perfect world, the Office of Internal

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: Well we hate to see you coming and love to see you going. A client said this to me jokingly