Internal auditors with data analytics expertise can earn a premium and weild more influence in internal audit departments, but getting started may take some initiative and a little creativity.
How Internal Auditors Can Gain Data Analytics Experience
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Leveraging SOX Risk Assessment Practices for Better ERM
15 years into the SOX compliance era, more boards, CEOs, and risk managers want to leverage all that investment and spring into ERM.
Communication Tips to Increase Auditor Effectiveness
Most people think their driving is above average. That’s a statistical impossibility, of course, otherwise it wouldn’t be an average. Still, it’s what they believe and in one study, no fewer than 93% of Americans placed themselves in the top 50% of drivers.
Arial or Times New Roman – What’s Your Audit Report Font?
I went to a client the other day to run a 'Report Writing' course and we discussed “House Style”, including the font choice for audit reports. They were, like many large organisations, very clear on what was and what was not acceptable. I was delighted to hear that their choice fitted with the research I had done several years ago, but before I tell you what it was, let’s discuss the options.
Kick-off Time: How to Crush the Internal Audit Entrance Meeting
As the audit quarterback, you get to work with the entire team to overcome these fears and crush the meeting (in a good way). Here are some points to consider as you huddle up and plan for a successful audit.
Audit Writer’s Hub: 6 Strategies that Streamline Audit Issue Writing
An audit issue with too much information – was there ever such a thing? Definitely! If you are deviating from these 6 strategies, you might have a long audit issue that says nothing at all.
So, Why Are You Still Not Using Data Analytics?
Study after study has shown that data analytics is effective and efficient at detecting risk and identifying control weaknesses, non-compliance, and inefficient business processes. So why have some internal audit departments still not embraced it?
Internal Audit Departments Struggle to Retain High Performers
Internal audit leaders continue to fret about hanging on to their top talent. In a recent survey, they ranked staffing concerns, including retention, as among their greatest worries.
5 Steps to Become a Fieldwork Ninja Warrior
Just like a huge obstacle course requires solid preparation, successful fieldwork requires deliberate planning. Fieldwork is the final obstacle course that must be won to have a successful audit. But if you haven't sufficiently prepared for this part of the course, you're going to crash and splash.
Eight Things the Board and C-Suite Want from Internal Audit
Internal auditors realize they must pay closer attention to what their stakeholders—namely boards and executive management—expect of them and whether these expectations are being met.
These Internal Auditors Aren’t Afraid to Get a Little Dirty
When Woodforest National Bank wanted to test whether employees were properly destroying physical data, it hit on an idea that would require internal auditors to roll up their sleeves and get messy.
2017: The Year of Computer-Generated Audit Reports?
I was reading an interesting article the other day about Artificial Intelligence (AI) and cognitive computing. I thought it might be worth sharing some of the thoughts with you in case you had ever contemplated using automation in the compilation of one of your reports.
Audit Writer’s Hub: Three Editing Tips to Keep Up the Sentence Flow Mojo
Good content is necessary, but ensuring that good content is written well is another experience on its own. Here, we dive into three areas that improve sentence flow: topic sentences, transitions and filler phrases.
Seven Keys to a Better CAE
The following seven CAE best practices may help you both better position your team to improve the performance during each of their projects and better position internal audit as a go-to resource for business leaders.
Internal Auditors Say Their Departments Lack Some Important Skills
According to a recent MISTI survey, internal auditors say their internal audit seniors and managers most lack data analytic skills, understanding of IT auditing concepts, and ability to influence and persuade.
Is Internal Audit Neglecting Environmental, Health and Safety Risks?
BP paid more than $25 billion; Volkswagen shelled out $19 billion; Anadarko Petroleum, $5.1 billion; and GlaxoSmithKline ponied up $3.75 billion. No, these aren't prices paid for major acquisitions, they are the penalties these companies paid to resolve environmental, health, and safety issues during the last seven years with a raft of U.S. federal agencies, including the Environmental Protection Agency, the Occupational Safety and Health Administration, and 11 others that deal with EHS issues.
Turning Front-Line Internal Auditors into Customer Service Envoys
Leading internal audit departments are empowering their teams to handle auditees with the same care as they would treat customers.
Revalidation of In-Scope Reports for Completeness and Accuracy
Organisations that are subject to Sarbanes-Oxley (SOX) compliance use various reports from the source systems to perform the controls defined by management.
A Day in the Life of an IT Auditor: Tony Redlinger
Internal auditor spotlight with Tony Redlinger of IHS Markit: We recently sat down with Tony to talk about the challenges of being an IT auditor, what's next for cybersecurity, integrated auditing, and more.
Six Risk Resources You May Not Be Using, But Should
One telling sign of a maturing internal audit department is when the CAE proposes audit topics that are organizationally-focused around key projects and initiatives (e.g. evaluating the make-or-buy decision for a material for a key part or performing an assessment of a recent new product introduction) versus a generic audit topic (e.g. payroll or procurement cards).
