Chambers on Internal Audit

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 […]
August 11, 2015

Bipartisanship Comes Naturally When Audit and Investigative Independence Are at Stake

There have been few victories of late for supporters of bipartisan governing in Washington, D.C. The often rancorous relationship between the two major parties has redefined congressional […]
August 3, 2015

Hertz: Was the CEO the Only One at the Wheel?

Filings required by the U.S. Securities and Exchange Commission are always important documents for investors and analysts, but rarely are they must reads.  However, the recent […]
July 27, 2015

Lessons From Toshiba: When Corporate Scandals Implicate Internal Audit

Last week’s high-profile resignations of CEO Hisao Tanaka and eight other Toshiba Corp. executives amid revelations of systemic and prolonged financial misstatements raise questions anew about […]
July 20, 2015

FIFA Needs Internal Audit Now

Since several key FIFA officials were indicted by the U.S. Justice Department in May, hardly a day has gone by without more bad news for the […]
July 6, 2015

Internal Audit’s Imperatives – Relevance, Reliability, and Reinvestment

This week The IIA will host its 74th International Conference in beautiful Vancouver, Canada. Over the next few days, The IIA will be unveiling several important […]
June 29, 2015

Internal Audit Should Never “Belong” to the CFO

One of the most revealing statistics to come out of a recent IIA Audit Executive Center survey is the fact that internal audit functions that work […]
June 22, 2015

Internal Audit’s Role in the Too-big-to-fail Debate

The July 1 deadline for some of the United States’ largest banking institutions to submit “living wills” for review is looming, and there will be a […]