In last week’s blog post, I made the case for internal auditors to step up and demonstrate their value ahead of the looming recession. A new Quick Poll by The IIA’s Audit Executive Center (AEC), which looked at how organizations have reacted to COVID-19, provides a decidedly mixed picture of internal audit’s role in the time since the World Health Organization declared it a pandemic.
While most chief audit executives surveyed reported that they are now involved in their organizations’ responses to the coronavirus, 37% said they should have been brought in sooner to discuss the risks and potential responses. Only slightly more — 43% — felt they were involved in a timely manner.…