Jonathan Chapman has written another interesting piece for Wolters Kluwer.
High performing internal audit teams: Accountable and efficient makes several points with which I agree. But there are also some with which I disagree, and he has missed some that I believe are essential.
He identifies “four characteristics that in combination lead to the highest levels of performance.” They are:
- Ensure their activity is truly aligned with their organization and the value it is looking to create.
- Operate internal audit stakeholder relationship management – all of internal audit working together to the benefit of the entire range of internal audit stakeholders.
- Adopt an empowering leadership approach such that employees have the direction, support, and freedom to deliver at the highest standards.
- Operate in an accountable and efficient manner – clearly transparent in their performance and the work they are doing to continually improve.
The article referenced above is the last in a series that started with High performance internal audit teams: Business alignment. He makes some good points in the first piece, but fails to talk about enterprise risk-based auditing: focusing your audit plan on the more significant sources of risk to the organization and the achievement of its objectives.
I believe that to be a…
