Read Richard Chambers' Latest Blog
Outsourcing Internal Auditing: Do's and Dont's
In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here's an excerpt from his latest post:
The majority of publicly listed companies in Malaysia (54 percent) fully outsourced their internal audit functions in 2016, according to a survey conducted by The IIA's affiliate in that rapidly growing country. The survey found that outsourcing is more prevalent in smaller companies and less so in the financial sector.
This survey raises an important age-old question that a growing number of organizations may be facing in the future as the demands of effective governance and risk management become more complex. Is outsourcing internal audit a viable option?
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.