Following on from my recent post on ‘Internal Audit’s Role (an Audit Committee perspective)’, I wanted to share another issue that came up in discussion with colleagues, before and during, the course of the recent Public Sector Internal Audit Conference in Canberra. The issue was ‘When does risk appetite change?’ In my experience, it is the practice […]
In the past week I participated in a Keynote Panel Discussion for the Annual Public Sector Internal Audit Conference in Canberra, run by the Institute of Internal Auditors. The subject for the panel discussion was ‘Establishing Risk Tolerance – The Audit Committee Perspective’. During discussion I was asked what it is I seek from internal audit, in my capacity […]
This post has been inspired by three recent conversations in which I have posed the question “Is it useful?” and had senior managers in three different organisations look startled and then uncertain. I was taught the value of this ‘Useful’ question several years ago by my Director of Communications. At the time we had quite […]