Chambers on Internal Audit

September 3, 2013

Risky Business: Are You Following the Right Risks?

The guidance I provide most often to internal auditors is to “follow the risk.” It’s easy for internal auditors to go through our own process of […]
August 19, 2013

The Inevitable Challenge of Mending Broken Fences

Anyone who has spent much time as an internal auditor has inevitably generated audit results that created friction or tension with those whose areas of responsibility […]
August 5, 2013

Past Performance or Future Potential: Why Is Internal Audit on Regulators’ Radar?

With attention comes attention. Internal audit has been looking to elevate its “seat at the table” for as long as I can recall. And, in 2013, […]
July 29, 2013

Yes, CPAs and CAs Can Be Internal Auditors, Too!

One of the things I enjoy most about social media is its ability to stimulate passionate and seemingly endless debates over the most insignificant topics. For […]
July 22, 2013

Are You Auditing Up the Wrong Tree?

One of the most important things internal auditors can do to meet stakeholder expectations is to ensure internal audit priorities align with those of the board […]
July 11, 2013

Risk Management in Government: An Oxymoron?

Recent risk-management failures in Washington, D.C., have reflected what happens when an organization with so many risks associated with the achievement of its mission fails to […]
July 1, 2013

Five Red Flags That Your Internal Audit Department May Be Losing Stakeholder Support

Stakeholder support is vital to internal auditing’s ability to add value and contribute to the organizations we serve. When chief audit executives and their staff are […]
June 25, 2013

When It Comes to Fraud, Internal Auditors Need to Get There Early

The Association of Certified Fraud Examiners’ (ACFE’s) 2012 Report to the Nations on Occupational Fraud and Abuse estimates the global cost of internal fraud at US $3.5 trillion, […]
June 10, 2013

Five Words to Banish From the Internal Audit Dictionary

I recently spoke at a conference where one of the sessions was called “Four Most Dangerous Words in Finance.” It reminded me of a blog I […]
June 3, 2013

NASDAQ Hesitates in Its Quest to Mandate Internal Audit

As we recently learned, NASDAQ has withdrawn a proposed new rule (PDF) requiring that companies listed on the exchange establish and maintain an internal audit function, citing push-back […]