For Internal Audit — Is the General Counsel Friend or Foe?​

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:

Whenever the topic of relationships with the general counsel is raised during an internal audit roundtable I attend, there is no shortage of opinions. Too often, CAEs express frustration with general counsels who they believe are more concerned about reputational and legal risks than affording internal audit the opportunity to fully articulate the results of their work.

To be sure, reputational and legal risks are important. However, general counsels too often would prefer to eliminate these risks altogether in internal audit reports — in effect, silencing internal audit from sharing critical information with the board or audit committee.

Read the full blog post from IIA President and CEO Richard Chambers.