Chambers on Internal Audit

June 27, 2016

Fraud Risk Hasn’t Reemerged – It Never Went Away

The father of modern internal auditing, Larry Sawyer, once observed: “Employee and management fraud is a poisonous weed that flourishes in a permissive climate where the […]
June 20, 2016

Does Scandal Raise Awareness About Internal Audit’s Value?

Two investor groups issued recommendations last week urging rejection of the upcoming vote of confidence in VW’s management board. The messages from investor advisory groups PIRC and […]
June 14, 2016

Forensic Examination May Explain Why You Aren’t a Trusted Advisor

I know from experience how frustrating it can be as a chief audit executive (CAE) or member of the internal audit staff when management does not […]
June 6, 2016

Awareness About Internal Audit Should Also Focus on the Future

Each year internal auditors around the world make a concerted effort to raise awareness of our profession during May. Internal Audit Awareness Month has become a […]
May 23, 2016

Executive Compensation – The Third Rail for Internal Audit?

A third rail is a method of providing electric power to a railway train. The amount of electric voltage it carries is often lethal for any […]
May 16, 2016

Conditioning the Organization for Risk – Agility vs Resiliency

Balancing risk agility and risk resiliency is the focus of PwC’s recently published fifth annual risk study. The report, Risk in Review: Going the D​istance, makes the case that […]
May 9, 2016

Every Step You Take – They’ll Be Watching You

One of the great benefits of being the head of a global professional organization​​​ is that I am privileged to travel frequently to meet with internal audit […]
May 2, 2016

The Question Should Be – “Where are the Internal Auditors”

There is an old joke that “an expert is someone from out of town with a slideshow.” Too often, when management needs expertise or advice, that […]
April 25, 2016

”Where Was Internal Audit” – Hopefully Following the Risks

As a global leader in the internal audit profession, among the questions I dread hearing the most is: “Where was internal audit?” When the whereabouts of internal […]
April 18, 2016

Internal Audit Should Be on Alert for “Phishy” Business

It is no longer news that cybersecurity is one of the top risks facing organizations today. Cyber criminals are exhibiting increasingly ingenious tactics to hack public […]