Ep 193: How to Build a Strategy for Internal Audit w/ Richard Chambers

This week, Richard Chambers, former president and CEO of the IIA and Senior Advisor, Risk and Audit at AuditBoard, joins the show.  In this episode, Richard shares the integration of strategic planning into the latest IIA Standards. He provides valuable insights on crafting a strategic plan, the importance of a strategic vision, and techniques for implementing tactical accountability.   Be sure to connect with Richard on LinkedIn.   Also, be sure to follow us on our new social media accounts on LinkedIn, Instagram, and TikTok.   Also be sure to sign up for The Audit Podcast newsletter and to check the full video interview on The Audit Podcast YouTube channel.   Timecodes: 3:05 - ChatGPT 6:33 - Strategy Being Integrated into the New Standards 9:31 - Developing Strategies for Internal Audit 11:30 - Blueprint for Developing a Strategic Plan 15:37 - The Purpose of a Strategic Vision 19:05 - Tactical Accountability 21:36 - Internal Auditors in the Era of Permacrisis 24:00 - Critical Success Factors vs. KPIs 25:34 - Advice for Internal Auditors on Creating Strategies 27:55 - Final Thoughts   *   This podcast is brought to you by Greenskies Analytics, the services firm that helps auditors leap-frog up the analytics maturity model. Their approach for launching audit analytics programs with a series of proven quick-win analytics will guarantee the results worthy of the analytics hype.  Whether your audit team needs a data strategy, methodology, governance, literacy, or anything else related to audit and analytics, schedule time with Greenskies Analytics.