Internal Audit and The Board

March 2, 2023

6 Things Audit Committee Members Often Won’t Say to Internal Audit

Relationships between audit committees and chief audit executives (CAEs) have become increasingly more complex as the risks facing organizations have become more diverse and dynamic. Indeed, […]
January 16, 2023

Are Internal Auditors to Blame When Boards Are in the Dark?

Over the years, I have spoken to countless board members about their roles and expectations for internal auditors. Most are complimentary of the internal auditors in […]
November 7, 2022

Dear Audit Committee – Guess Who Audits The Most Critical Risks?

An Open Letter to Audit Committee members To: Members of the audit committeeFrom: Richard ChambersRe: Reassessing your role when it comes to internal audit Congratulations on […]
October 17, 2022

Don’t Tell Me That!

Things Audit Committees Don’t want to Hear From Internal Audit Over the summer, I authored a blog for AuditBoard on the 20th anniversary of the WorldCom […]
May 9, 2022

Are Boards’ Heads in the Sand When CAEs are Hired or Fired?

Independence​ and objectivity are ​hallmarks of great internal audit functions and the professional men and women who lead them. Against this backdrop, the prevailing model for […]
April 18, 2022

5 Questions the Audit Committee Should Ask Internal Audit – But Doesn’t

No relationship for a chief audit executive (CAE) has been transformed more over the past 20 years than that with the audit committee. According to The IIA’s […]
April 11, 2021

Six Questions Boards (and Internal Audit) Should Ask About Cybersecurity

For more than a decade, cyber-related risks have been at or near the top of all risks faced by organizations around the world. Too often, cybersecurity […]
January 19, 2021

Are Boards Negligent When Internal Audit Heads Are Hired and Fired?

Great internal audit functions are noted for their organizational independence, and the professional men and women who lead them are noted for their objectivity. It’s for […]
October 25, 2020

​When Audit Committees Want to “Hear No Evil” From Internal Audit

I have long been fascinated by the dynamics between internal audit and the audit committees to whom it reports. Let me say right up front that […]
August 3, 2020

​5 Things Internal Audit Must Tell the Audit Committee Now!

As we continue to navigate the treacherous risk landscape that includes an ongoing global pandemic, much is being said and written about whether internal auditors are […]