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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorNewsBreadcrumb SeparatorBlog: Can Internal Audit Be the Canary in the Coal Mine?

Read Richard Chambers' Latest Blog
Can Internal Audit Be the Canary in the Coal Mine?

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:

​A recent blog I read raised serious questions about the health of a well-known online enterprise. The thrust of the article was that the enterprise had seen significant turnover in its internal audit function twice in little more than two years. The auditor cited speculation that the most recent departure of key internal audit personnel was an ominous sign and that the enterprise was headed for major trouble.

While I'm not one to encourage speculation, especially about something as significant as the overall health of a company, I've concluded that sudden or unexplainable turbulence in an internal audit function can serve as the "canary in the coal mine."

Read the full blog post from IIA President and CEO Richard Chambers.