IIA Outlines Imperatives for Internal Auditors

The Institute of Internal Auditors is releasing a new whitepaper describing 10 imperatives for internal auditors.

The paper is scheduled to be released during the IIA’s 2015 International Conference on July 5 to 8 at the Vancouver Convention Centre. “Driving Success in a Changing World: 10 Imperatives for Internal Audit” identifies key areas where internal audit must excel in order to meet those challenges head on, such as anticipating stakeholder needs, developing forward-looking risk management practices, enhancing audit findings through greater use of data analytics, and investing in personal professional growth.

“In today’s business climate, new opportunities and challenges are coming at internal audit at overwhelming speed,” said IIA president and CEO Richard F. Chambers in a statement. “We must demonstrate our willingness and ability to overcome those challenges and play a leading role in the success of our organizations.”

The report’s authors, IIA global senior vice chairman Larry Harrington and award-winning business writer Arthur Piper, based their insights and conclusions on information gleaned from the IIA’s Global Internal Audit Common Body of Knowledge practitioners’ survey.

Led by the IIA’s Research Foundation, the survey was conducted earlier this year in 23 languages and drew more than 14,500 responses from internal audit practitioners representing 166 countries and territories. The data from the poll will provide fodder for more than two dozen reports that the IIA plans to release over the next year.

A companion survey of internal audit stakeholders is currently underway. The results of this combined research will provide an overview of how the profession is currently being practiced and help anticipated future changes.