Read Richard Chambers' Latest Blog
It's Time Every Publicly Traded Company Has Internal Audit
In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here's an excerpt from his latest post:
There have been a number of high-profile financial and corporate governance scandals of late that should hammer home the absolutely necessity of good corporate governance, and it should go without saying that internal audit adds value to that process by providing effective oversight of the control environment.
Yet, there are many enterprises — large and small — that continue to operate without internal audit. The IIA's letter to the SEC outlines the case for internal audit to serve as a foundation for — if not a catalyst to — restoring investor confidence. Indeed, the presence of an effective internal audit function signals unequivocally management's and the board's support of strong and effective risk management, internal control, and governance.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.