THE BOARD IS NOT AN AUDIENCE

Written by A.C. Coppola

What the New IIA Guidance Changes About Internal Audit, Governance and the Board

The board is not simply where Internal Audit sends its reports.

The new IIA guidance on ๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐˜„๐—ถ๐˜๐—ต ๐˜๐—ต๐—ฒ ๐—•๐—ผ๐—ฎ๐—ฟ๐—ฑ goes further. It puts authority, independence, access, resources, quality and challenge at the heart of the relationship between the CAE and the board.

This Phronesium essay asks what that means in practice โ€” including for the way Internal Audit reports are written, escalated and used.

Because a report can contain every fact and still hide the point.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐˜๐—ต๐—ฒ ๐—ณ๐˜‚๐—น๐—น ๐—ฒ๐˜€๐˜€๐—ฎ๐˜† ๐—ฎ๐—ป๐—ฑ ๐—ฟ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ธ ๐˜„๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—ฏ๐—ผ๐—ฎ๐—ฟ๐—ฑ ๐—ฟ๐—ฒ๐—ฎ๐—น๐—น๐˜† ๐—ป๐—ฒ๐—ฒ๐—ฑ๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐—น ๐—”๐˜‚๐—ฑ๐—ถ๐˜.

A.C. Coppola

A. C. Coppola has spent more than 20 years working in governance, audit and risk across over 20 countries. He founded Phronesium with a simple belief: knowledge is widely available, but sound judgement is harder to find. Better decisions begin with clearer thinking.

https://Phronesium.com
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