The President of the IIA shares what he sees as the top seven attributes of an effective internal auditor, and in general I agree, with a few distinc­tions. The most important attribute is referred to as business acumen, but the description that accom­panies it has more to do with having an in-depth knowledge of the […]

More →

At the end of September the IIA and ISACA announced they had reached an agreement to “create a basis for cooper­ation and collab­o­ration” between the organi­za­tions. The agreement is formalized in a Memo of Under­standing that has been signed by both parties. The MoU lists a few areas where this agreement makes cooper­ation possible: Speaking […]

More →

A survey conducted at the recent Institute of Internal Auditors annual conference by Protiviti has revealed that ⅔ of IA profes­sionals believe their department is under-resourced and therefore unable to adequately carry out their duties. Protiviti’s take is that due to increased expec­ta­tions of the assurance Internal Audit can provide on an ever-widening spectrum of […]

More →

Accoun­tan­cyAge is reporting that the UK and Ireland IIA’s chief executive Ian Peters recently made a statement on the contentious issue of having external auditors provide internal audit services: Internal auditors answer to management and the non-executive directors… external audit reports to share­holders. Merging these two important functions has the potential to cause serious conflicts […]

More →