Read Richard Chambers' Latest Blog
Lessons We Can Learn From Small Audit Departments
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:
Organizations face risks today that are as varied and challenging as ever. Cybersecurity, technology, big data, social and geopolitical dynamics, and other factors are contributing to a complex and evolving risk landscape.
As boards and C-suite executives struggle to manage such risks, they are increasingly turning to internal audit for assurance and advice that fall outside of the more traditional engagements with which many internal auditors are comfortable — assurance on financial reporting and compliance. Higher demands amid limited time and resources, developing new skills, and nurturing out-of-the-box thinking are sure to pose significant challenges for internal audit functions. Indeed, keeping up with growing expectations while delivering high-quality service may be the single biggest threat facing the profession.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.