Read Richard Chambers' Latest Blog
An Open Letter to Newly Appointed Audit Committee Members
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:
Congratulations on your appointment to the audit committee!
Your new position marks a professional milestone reflecting that you are a seasoned executive whose business and financial acumen places you among the elite members of your board. However, before you sit down at your first committee meeting, there are a number of things you should know and consider about the role you've taken on.
The role of the audit committee and its value to the organization have dramatically increased in importance in the past decade. Regulators, executive management, and shareholders are increasingly relying on the audit committee to provide significant direction and oversight, not just on financial controls and reporting, but also on a growing list of complex risks that challenge all modern businesses.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.