February 6, 2023

​​​​‘Good Internal Auditors Ain’t Cheap’ and ‘Cheap Internal Auditors Ain’t (Always) Good’

OK, I know, my headline isn’t grammatically correct. But in full transparency, I repurposed the phrase from Norman Keith Collins, known popularly as Sailor Jerry,a prominent […]
January 31, 2023

Recent Advice on Hiring Internal Auditor’s You Can ‘Trust’ Is Misdirected

I frequently peruse various news feeds for articles on internal audit. Some of those written by non-internal auditors are quite good. Some are quite bad. And […]
January 24, 2023

Do Performance Bonuses Impair Internal Auditors’ Independence and Objectivity?

Internal audit functions are essential to effective risk management, control and governance. And vital to that effectiveness is independence of the function and objectivity of its […]
October 11, 2022

New Report Calls External Audit Independence The “Big Lie”

Calls for reform of external audits are nothing new. Proponents around the world are constantly advocating the need for greater independence of the individuals/firms who undertake […]
September 26, 2022

Internal Auditors – Beware of Your Own Ethical Lapses

Internal auditors are ethical, right? After all, we see ourselves as “beacons of ethical behavior,” shining a light on the misdeeds of others in our organizations. […]
July 25, 2022

Are Internal Auditors Influenced by ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​’Beauty Bias?’

Shortly after I became a chief audit executive, a member of my team identified a fraud in the organization. We all knew the suspect, and there […]
June 30, 2022

Courageous Internal Auditors Don’t Wait For a Choir

This month marks the 20th anniversary of the internal audit at WorldCom that shined the light on a $3.8 billion financial reporting fraud. My recent article […]
September 30, 2021

For Internal Audit Credibility Must be Rooted in Objectivity

In an effort to raise awareness about objectivity, I often pose a series of questions to internal auditors. Have you ever been called upon to direct […]
January 31, 2021

I Still Believe Internal Audit Shouldn’t Report to the CFO

​Readers of my blog know there are a few things I have harped on over the years. One of them is what I consider to be […]
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 […]