Sunday, November 23, 2014

Internal Audit Independence Debated!

A recent post by Norman Marks discussing the issue of internal audit independence has started a good discussion about this very important issue . The post raised the issue of " whether the emphasis on independence should be increased o​r diminis​​​hed ." Norman has listed the views of those who support more emphasis and those who support less emphasis on independence. Both sides have some interesting and convincing arguments !

Independence is important and plays a vital role in the effectiveness and efficiency of a meaningful internal audit activity ,but it should not be used as an obstacle in performing internal audits that add value to the organization .

My comment on the issue was as follows:
" There is no such thing as absolute independence! Independence ,in my opinion, is a combination of mindset , integrity, objectivity and the ability to stand up for what you believe in !"

How do you feel about this issue ?

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