Blog: 10 Signs Trouble May Be Brewing for the CAE and Internal Audit
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:
For more than 20 years, I have been cautioning chief audit executives (CAEs) to always be attuned to signals from their stakeholders, whose expectations can vary dramatically from one organization to the next. Every CAE must continuously review current and potential stakeholder groups and reassess their needs.
As swiftly as expectations can change based on risks to the organization, there are also telltale signs that internal auditors may not be getting the full picture. I have learned that there are signs — some big and some small — that stakeholders may be unimpressed or even unhappy with the leadership of the CAE and the value provided by internal audit.