Read Richard Chambers' Latest Blog
Talent Management Is Critical to Internal Audit's Success
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 IIA recently released Global Perspective and Insights — a whitepaper that includes some sobering information regarding how the internal audit profession is addressing emerging risks globally. The paper is based on a survey of more than 2,200 internal auditors in more than 100 countries and territories around the world. The good news is that internal auditors recognize the degree to which culture, cybersecurity, and big data present risks in their organizations. Yet, the percentage of respondents who had not undertaken any internal audit work in each of those three areas was startling: 62 percent had not audited culture, 25 percent had not audited cybersecurity, and 26 percent had not audited big data.
As surprising as the rate of "no shows" was when it came to auditing three critical emerging risks, I was struck even more by the reason those risks are often left off of internal audit plans: A lot of internal auditors acknowledge that they simply do not know how to audit them. In fact, 25 percent of those who hadn't audited culture cited a lack of competence. Even worse, 65 percent of those who hadn't audited cybersecurity cited a lack of necessary skills, as did 46 percent of those who had not audited big data.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.