My business partner John and I spend a lot of time talking to Internal Auditors. We ask many questions, gathering feedback to make sure our services are invaluable to more and more of you. In turn, we are asked a lot of questions, as existing and potential subscribers vet us
Internal and External Auditors are often lumped into the same category. While there are many similarities, and grey areas that can cause confusion, these two teams have very different roles. I worked in External Audit for four glorious busy seasons, and one of the difficulties I experienced was deciding how
As an Internal Auditor, you spend the majority of your time reviewing other people’s work; making sure they are following laws, policies, procedures and best practices. Then every once in a while, someone will ask “Who audits the Internal Auditors?” When I worked in public accounting, I saw auditors from other firms
It is officially planning season! A time for reflection, decision making and patience. Soon to be followed by negotiation, questioning and explaining. And more explaining. Followed by thinking you were good, only to be asked the same questions two months later, right?! I kid. Planning and budgeting can be a frustrating
Internal Auditors should not be involved in the creation of company policies. There are several reasons, based on theory and on situations I have personally faced, which I’ll break down over the course of this post. Bottom line, this is about protecting the independence and objectivity of the audit function
In the auditing world, very few things are simple to understand and easy to accomplish. Today’s topic is an exception. Establishing a whistleblower hotline is one of the most important things you can do, and it is surprisingly easy and inexpensive. If you work in an Internal Audit department or
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