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March 21, 2016

When Boards Are Absent on CAE Pay, Reporting Relationships Are Window Dressing

I have written about the importance of the CAE’s reporting lines, but this can be a meaningless structure if not supported with substance. While a strong functional […]
March 14, 2016

Internal Audit’s Relationship With Management Can Say a Lot About Organizational Culture

I have been spending a great deal of time lately focusing on corporate culture. The number of high-profile corporate scandals in the past year made very […]
March 7, 2016

Too Many Boards Sit on Their Hands as CAEs Are Hired and 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 […]
February 29, 2016

To Be “Agents of Change,” Internal Auditors Must Embrace Change

One of my favorite quotes in motivating internal auditors of the urgency to change when warranted is drawn from the Danish philosopher Soren Kierkegaard, who noted, […]
February 22, 2016

Five Powerful Statistics About Internal Audit From CBOK 2015

The IIA Research Foundation undertakes a global survey every five years to assess the state of the practice of the internal audit profession. This Common Body […]
February 15, 2016

Is Disruptive Innovation an “Uber” Risk for Internal Audit?

On a recent trip to Paris, I arrived at the airport on the first day of a taxi strike protesting Uber, the rival upstart that has […]
February 8, 2016

Proposed Changes to IIA Standards Will Raise the Bar Again

The IIA has unveiled proposed changes to its International Standards for the Professional Practice of Internal Auditing (Standards), and announced a 90-day exposure period — Feb. […]
February 1, 2016

Risk, No Action” Doesn’t Justify “Risk, No Audit”

A recently released EisnerAmper report, Concerns About Risks Confronting Boards – 2015 Survey, includes an interesting warning the authors describe as “risk, no action.” The report […]
January 25, 2016

What 2015’s Top 10 Blogs Tell Us About Internal Audit

I have written many times in this blog of the challenges and opportunities that a dynamic and fast-paced global marketplace creates for organizations and the internal […]
January 18, 2016

Has VW Put Its Transparency Efforts in Reverse?

When is an apology really an apology? When is contrition a reflection of true regret? When is a pledge for transparency more than just a hollow […]