Read Richard Chambers' Latest Blog
Every "Where Was Internal Audit" Moment Presents an Opportunity
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:
One of the constant challenges for internal audit is to overcome being the unwelcome guest at the party. So, it is not a common occurrence when internal audit is actually invited. I bring this up in the context of the recent college admissions scandal in the United States.
In the wake of this shocking breech of admissions processes and controls, there is a growing chorus of voices saying that, based on the risks that are obviously present, it's time to include the admissions process at colleges and universities in internal audit plans. The profession should eagerly accept the invitation to step up and show the value of independent assurance. Indeed, we should see every "where was internal audit" moment as an opportunity.
Let's examine what lessons we can take from the recent scandal and how internal audit could have made a difference.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.