Chambers on Internal Audit

October 12, 2015

Fantasy Island: Lessons Learned From DraftKings and FanDuel

Another week, another example of internal control failures hurting an organization and industry. Details of the scandal engulfing the online fantasy sports company DraftKings should be […]
October 5, 2015

From Trusted Adviser to Double Agent: Are Regulators Trying to Redefine Internal Audit?

Internal audit is under great pressure — pressure to meet growing stakeholder expectations, pressure to adapt to new and rapidly emerging risks, pressure to keep up […]
September 28, 2015

Volkswagen Scandal: The Undoing of a Corporate Icon

My first car was a used 1967 Volkswagen Beetle. It was a great little “starter” car, but only a couple of months after I bought it, […]
September 24, 2015

Internal Auditors Can Learn a Lot From the Wit and Wisdom of Yogi Berra

This week, America lost one of its true icons with the death of former New York Yankees great Yogi Berra. He was 90. While Yogi was […]
September 21, 2015

Overcoming Stigmas: We Don’t Check Boxes or Count Beans in the 21st Century

The IIA’s Financial Services Audit Center recently hosted a well-attended and highly successful inaugural Financial Services Exchange in Washington, D.C., bringing together legislators, regulators, and internal […]
September 14, 2015

It’s Time Every Publicly Traded Company Has Internal Audit

In a blog earlier this year, I sounded an alarm about the dangers of investing in companies with no internal audit function. Ultimately, the goal was […]
September 8, 2015

5 Reasons Internal Auditing Never Gets Old

Early in my career, my ambition got the better of me, and I left internal auditing for an immediate promotion in an accounting role. Being young […]
August 31, 2015

To Audit Emerging Risks, We May Have to Leave Our Comfort Zone

From the very beginning of our careers in internal auditing, most of us are trained to audit a handful of “core” risks. We rapidly become comfortable […]
August 24, 2015

When Culture Is the Culprit: Lessons From Toshiba, Hertz, and FIFA

In the past few weeks, I have written about governance failings that came to light at three disparate organizations — Toshiba, Hertz, and FIFA. These cases, […]
August 17, 2015

6 Defining Events in an Internal Audit Career

In a few days, I will celebrate a personal milestone. It was August 1975 when I graduated from college and took my first job as an […]