The Speed of Risk: Lessons Learned on the Audit Trail - 2nd Ed

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Trusted Advisors: Key Attributes of Outstanding Internal Auditors

As internal auditors, trust is crucial to ultimate success. It’s important in gaining stakeholder’s confidence when offering advice on critical issues and effecting positive outcomes.

In Trusted Advisors: Key Attributes of Outstanding Internal Auditors, Richard F. Chambers taps an array of leading internal auditors and, from their experiences, provides insights into the traits that characterize outstanding internal auditors, and those who have also truly earned a seat at the table.

Based on a global survey of nearly 300 chief audit executives (CAEs) and one-on-one interviews, Chambers details the personal, relational, and professional attributes of outstanding internal auditors.

Whether you are just getting started as an internal auditor or you’re a seasoned veteran, the insights gleaned from the collective experience of these experts will help propel you to the next phase of your career.

In 2014, IIA President and CEO Richard Chambers shared what he believed were the most important lessons from almost 40 years as an internal audit professional in the first edition of his book, Lessons Learned on the Audit Trail. More than 15,000 copies were sold worldwide and it was swiftly translated into Spanish, French, Traditional Chinese, and Simplified Chinese.

In the years since the first edition was published, Chambers has shared numerous new lessons across various content media and written more than 200 blogs and articles. The “speed of risk” has been a recurring theme in the messages he has delivered to the profession since 2014, and it is a theme that is prominent in this updated edition. He addresses topics of concern to the profession today, including:

The rising expectations of internal audit’s stakeholders
The imperative to audit at the speed of risk
How internal audit must leverage innovation in the face of disruption
Internal audit’s role in auditing culture, artificial intelligence, and new technologies
The idea that internal auditors can audit anything—but not everything
The skills future trailblazers will need in internal audit.

The author’s motivation in writing this new edition is that if he can help just one internal auditor to be better prepared for the challenges and opportunities that lie ahead, then the effort will have been worth it.