The IIA Research Foundation, The IIA’s Audit Executive Center, and the National Association of Corporate Directors Partnership Delivers Candor on Key Governance Relationship
A new white paper published by The IIARF provides key insights into what it takes to cultivate and maintain a strong relationship between two critical partners in good governance. The Audit Committee and the CAE: Sustaining a Strategic Partnership was made possible through a partnership between The IIARF, The IIA’s Audit Executive Center, and the National Association of Corporate Directors (NACD).
The paper, which is available for free download through The IIARF’s Bookstore, offers a unique opportunity to sit in on a roundtable discussion held at The IIA’s 2012 International Conference. The conversation involved nearly 25 prominent audit committee chairs and CAEs who candidly discussed what it takes to maximize the value these two keys players can add to their organizations through optimizing their relationship.
Led by Standards & Poor’s (S&P) Rating Services President Douglas Peterson, the roundtable touched on topics that included providing the right support for CAEs, the mode and frequency of reporting, and ways to enhance communication between the parties. The participants also tackled tough issues such as what to do when reporting is insufficient or when knowledge gaps exist within the internal audit function.
The easy-to-read white paper includes highlights from The IIA’s 2012 Pulse of the Profession Report and the 2012 edition of PricewaterhouseCoopers’ annual state of the internal audit profession report, Aligning Internal Audit: Are You On the Right Floor? That information, coupled with key takeaways from the roundtable discussion, is intended to be instructive for directors and CAEs alike.