Read Richard Chambers' Latest Blog
Internal Audit: More Than Brakes, It's Part of the Navigation System
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:
I am always on the lookout for clever ways to describe internal audit's role in an organization. Elevator speeches are fine when you have 60 seconds to describe the value your profession brings to an uninformed bystander. However, an elevator speech doesn't hold a candle to a well-crafted sound bite that will leave a lasting impression.
One of my favorites is that "internal audit is the brakes that allows the organization to drive faster." The reasoning behind this analogy is that brakes are a critical component in a vehicle. To be sure, they are used to prohibit a vehicle from moving. But more importantly, brakes are crucial to maintaining control of a vehicle. Of course, well-resourced, independent internal audit functions add little value if they impede an organization's ability to take risks and achieve results. But they add value when, like brakes on a car, they empower management and the board with information to slow down or stop if critical risks lie ahead.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.