Rising from the Mailroom to the Boardroom

3

Oh No – Another Surprise Audit; the Business Is a-Changing

Internal auditing has evolved through varying styles over the last 40 years, with each new style building on the one before to satisfy the changing business needs and the emerging expectations of key stakeholders. The capabilities of internal auditors have continued to expand to satisfy these demands, and this introduced a new wave of trail-blazers. There is now recognition by business leaders that there are many areas of organizations that provide assurance (in addition to internal audit), and that collaboration between these areas is crucial to containing assurance costs. This chapter provides a reminder of the continuing merits of obsolescent practices (like surprise audits) in ...