Read Richard Chambers' Latest Blog
Internal Auditors Need Foresight to Provide Foresight
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 frequently observe that the internal audit profession is on a journey — from hindsight to insight to foresight. Following its origins more than a century ago, internal audit focused primarily on hindsight. Our predecessors assessed what happened the week, month, or even year before. They provided assurance of the effectiveness of (primary financial) controls from the past.
Eventually, the profession began to focus too on the "here and now," providing assurance on the effectiveness of (often operational) controls in the present. This assurance, coupled with internal auditors' perspective on risks facing their organizations, provided valuable insight for management and the board.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.