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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorNewsBreadcrumb SeparatorBlog: Whistleblowers Need Protection — Not Cash!

Read Richard Chambers' Latest Blog
Whistleblowers Need Protection — Not Cash!

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 Federal Reserve Bank of New York hosted a conference in October that looked at reforming culture and behavior in the financial services industry. In his opening remarks, New York Fed President William C. Dudley stated that culture is at the heart of industry problems that have eroded its trustworthiness.

"The evidence is pervasive that deep-seated cultural and ethical problems have plagued the financial services industry in recent years," Dudley said. "Bad conduct has occurred in both investment banking and securities market activities, as well as retail banking."

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