-
Top Questions for an Internal Audit Technical Interview
Internal audit technical interviews can be challenging. Employers look for auditors who not only grasp the fundamentals—like control testing, compliance standards, and risk assessment—but can also apply their…
-
Is Internal Audit Accounting? Understanding the Differences, Overlaps, and Value
If you’re new to the fields of accounting, finance, or business operations, you might assume that internal audit is just another branch of accounting. After all, both deal…
Updated
·
10–15 minutes -
Top Non-Financial Risk Indicators Internal Auditors Need to Understand
In today’s complex business landscape, non-financial risks are increasingly capturing the attention of boards, executives, and, crucially, internal auditors. Historically, auditing practices have focused heavily on financial metrics—such as revenue…
Updated
·
11–17 minutes -
Stewardship, Risk and Trust: Why Internal Audit Exists
Imagine an organization—maybe a big company producing electronics, a bank handling your savings, or a hospital caring for patients. Beneath the surface, countless decisions and transactions occur every…
-
How Internal Audit Builds Stature, Influence and Power
Stature, power, and influence are critical for internal audit functions to excel in their roles and make a meaningful impact within the organization. Establishing stature is essential for…
Updated
·
13–20 minutes -
Top Fears Surrounding Internal Audits: Addressing Concerns with Simplicity and Engagement
Internal audits are vital for organizations, providing independent assessments of risk management, controls, and governance. However, internal audits often evoke apprehension and fear among individuals and departments within…
Updated
·
4–6 minutes -
Unleashing the Power of Numbers: Why Internal Audit Needs to Embrace Advanced Math
In today’s complex business environment, internal auditors play a crucial role in providing assurance and advisory services to organizations. Traditionally, internal auditors have relied on their knowledge of…
-
How CAEs Can Use Internal Audit to Improve Collaboration
Gone are the days when internal audit is seen as a separate and isolated function within organizations. Today, there is a growing trend of using internal audit as…
Updated
·
13–20 minutes -
Professional Judgment in Audit: Reasonable vs. Rational
In the field of internal auditing, where attention to detail and logical reasoning are vital, it is important to distinguish between being reasonable and being excessively rational. Rationality…
Updated
·
2–4 minutes -
Three reasons no one reads your internal audit reports
It’s sad and frustrating when no one reads your team’s or your department’s audit reports. Sure, your auditee may look at the report, but when no one across…
Updated
·
6–8 minutes