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:<\/p>\n
The U.S. internal audit profession has navigated several watershed events in the past 40 years: the savings and loan crisis in the 1980s, the financial reporting frauds in the early 2000s, and the financial crisis\/Great Recession barely a decade later. Without a doubt, the profession emerged stronger after each of those crises. <\/p>\n
The dramatic effects of the COVID-19 pandemic of 2020 is leaving its mark on internal audit as well, according to a new survey from The IIA’s Audit Executive Center (AEC). Responses from nearly 500 U.S. and Canadian internal audit leaders reflect deep reductions anticipated in internal audit travel and training, some staffing decreases, and a growing awareness that being agile, flexible, and tech savvy will be fundamental for all audit functions in the future.<\/p>\n