February 2011

February 9, 2011

So, Who Are Internal Audit’s Stakeholders?

In my last blog entry, I cited some emerging challenges and identified five key priorities that chief audit executives (CAEs) should be pursuing as 2011 gets underway:

  • Assess key stakeholder expectations, identify gaps, and implement a comprehensive strategy for improvement.
  • Assess internal auditing’s contribution to risk management and “step up to the plate” as needed.
  • Deploy a strategy for internal audit business knowledge acquisition.
  • Streamline internal audit processes and operations to enhance value.
  • Coordinate and align with other risk, control, and compliance functions.​

I have spoken on these themes at several forums in recent weeks, and one question has arisen on multiple occasions: Who are internal auditing’s stakeholders?…