Description

Today’s internal audit management function is an ever-expanding role and vital to any business. Many companies consider internal audit as a “training ground” for future management as it provides professionals with key strategic insight into the business. For an organization to truly build credibility within the internal audit function, the skills and organizational positioning of the Chief Audit Executive and Internal Audit management is a critical success factor.

The old saying, “If you can’t stand the heat stay out of the kitchen,” can be applied to anyone stepping into an internal audit management role. You must have the fortitude and ability to appropriately balance the organization’s needs with the necessity for independence and objectivity. This can be a very difficult issue for even the most experienced executive.