The end of the calendar year is customarily a time to reflect on one’s personal and professional accomplishments. It also offers me the opportunity to look back on the year’s events that had direct implications for the internal audit profession.
As I reviewed key events in 2017, I was reminded of a fundamental truth that all internal auditors should take to heart: Effective risk management, internal controls, and corporate governance are pursuits fraught with continuous obstacles. From culture-driven scandals, to continued brazen cyberattacks, to geopolitical and socio-economic unrest, this year provided vivid examples of how fleeting successful risk management, control, and governance can be.…