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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorNewsBreadcrumb SeparatorBlog: Getting at the Truth: Companies Such as VW Discover Internal Audit's Credibility

Read Richard Chambers' Latest Blog
Getting at the Truth: Companies Such as VW Discover Internal Audit's Credibility

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:

The saga of Volkswagen's auto emissions scandal has been well-chronicled in recent months. Company engineers installed software in the engines of 500,000 U.S. vehicles and 11 million vehicles worldwide designed to illegally circumvent strict emissions rules. The allegations and subsequent confirmation by company executives have severely damaged public confidence in the iconic company.

However, as despicable as the actions at VW were, company executives have made a number of notable efforts to acknowledge what happened in an effort to restore public confidence. The most recent effort was a December 10th press conference where senior VW executives, including Chairman Hans-Dieter Pötsch and CEO Matthias Müller, made public the results of a recent internal audit report on the scandal.

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