Traditional Internal Audit is Dying
from Jamming with Jason Mefford Hosted by Jason Mefford
For the times, they are a changing in the internal audit profession. You can choose to stick your head in the ground and ignore what's going on, but you may end up like some CAEs who just got let go from their positions for sticking with a traditional internal audit mindset. In this week's podcast I share why Traditional Internal Audit is dying. We've been seeing this for years, but I share with you some recent events and evidence that prove again that this is the trend we are seeing. If you are still spending most of our time auditing lower level process controls and focusing on historical events and internal controls, you are probably stuck in the traditional rut and need to start working your way out by transitioning to a true risk-based internal audit methodology. Value-based auditing, objective-based auditing vs. risk-based internal auditing I also discuss in this episode.
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