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Lessons From Winnie the Pooh on Risk Assessments

Jason Mefford | August 26, 2014

mefford-jason-0814I have spent almost twenty years as an auditor; externally, internally, or training auditors. When discussing the subject of risk assessments and annual audit plan development, I am reminded often of a quote from Winnie the Pooh.

“Here is Edward Bear, coming downstairs now, bump, bump, bump, on the back of his head, behind Christopher Robin. It is, as far as he knows, the only way of coming downstairs, but sometimes he feels that there really is another way, if only he could stop bumping for a moment and think of it.”—A. A. Milne.

How much of the time do we feel we are hitting our heads when doing risk assessments and annual audit plans, realizing there is a better way, but not knowing how to change? We do the same things over, and over again, just like Winnie the Pooh coming down the stairs.

Internal auditors need to use a...

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