Read Richard Chambers' Latest Blog
Too Many Boards Sit on Their Hands as CAEs Are Hired and Fired
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:
From my experience, heads of audit are less likely to be unduly influenced by management when they have a strong functional reporting relationship to the board or audit committee. Without such a relationship, it is very easy for management to confine the scope of internal audit’s work and to suppress any unfavorable results.
Recent data from the 2015 Common Body of Knowledge Global (CBOK) Practitioners Survey offers encouraging news about the progress being made along this front, with more than 70 percent of respondents having a functional reporting line to an audit committee or the board of directors.
But as with all things theoretical, reality tends to throw a wrench or spanner in the works.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.