Accounting Today posted a provocative article titled Internal Auditors Not Giving Enough Risk Insights.
My thoughts which I posted are the following:
A “do more with less” policy saves money up front, but can cost much more later. How much of these results are caused by (1) lack of funding for the internal audit initiative, (2) lack of direction on the scope up front that was used, or (3) lack of funding to have in-house experienced enterprise risk management and operational risk management expertise in the team deployed?
The good news is that report spotlights a not too unexpected result, which at least starts the discussion toward a solution. You may be pleased to learn there are passionate experts out there, including myself, who love to spotlight Million Dollar Blind Spot© risks in time to be addressed and tackled.
Call the FiscalDoctor at 678-319-4739 to talk about your specific situation. www.FiscalDoctor.com
