Risk based internal audit planningThe IIA's standards require us to prepare a risk based internal audit planning. However, if risk assessment and management is not (yet) embedded in your organization, it requires a concerted effort from the auditees to provide you with the relevant information. Given this is not necessarily a priority to them, are … Continue reading Reducing the effort of risk based internal audit planning
Tag: internal audit
Audit “assessments” are like analyst’s ratings
The popularity of audit assessmentsAn audit assessment is like an audit, but not really. It takes less time, costs less and is executed by people referring to themselves as experts in a subject matter. These assessments are becoming rather popular. And that evolution is worrying to a “traditional” internal auditor … not as a threat … Continue reading Audit “assessments” are like analyst’s ratings
The auditor as a storyteller
What audit is aboutMost of us familiar with the (internal) audit profession know what it is about. I’m not rehashing the excellent definition of the Institute for Internal Auditors. As auditors we need to use our independence to objectively gather, analyse and test facts and figures on the organization’s governance, processes, risk management and controls … Continue reading The auditor as a storyteller
Increasing internal auditor’s relevance
It’s not (just) about independenceThe IIA recently released a paper on this IPPF on independence and objectivity. Independence is sometimes used by internal auditors or organizations executing the internal audit function as an argument to motivate a distance from the organization they’re auditing. And while independence is an important factor to ensure the objectivity the … Continue reading Increasing internal auditor’s relevance
Independence, objectivity and proximity
ContextThere is discussion ongoing at the Belgian federal government level about the (minimal) independence requirements for internal auditors active the Belgian federal administrations. I want to weigh in with some thoughts on that. This article is partly based on a recent position paper by the IIA on independence and objectivity, which I found very clarifying.A … Continue reading Independence, objectivity and proximity
Exploring The Black Box 