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Grappling With the Future of Internal Audit

Melissa Klein Aguilar | November 3, 2009

On Oct. 20, Compliance Week and auditing firm Crowe Horwath hosted an editorial roundtable on the future of internal auditing at the Ritz-Carlton Central Park Hotel in New York City. The forum was moderated by Compliance Week Editor-in-Chief Matt Kelly, and featured Crowe Horwath partner Jonathan Marks, who heads the firm’s fraud and ethics practice. The article below explores some of the issues discussed.

Without question, the internal auditing function is experiencing profound transformation these days. But transforming into what still seems a mystery.

At a recent Compliance Week editorial roundtable sponsored by Crowe Horwath, we gathered a dozen internal audit executives from large companies across a span of industries to ask how they are helping their businesses get a stronger grip on risk. Yes, they all said, top management does want (and need) help with risk management … but perfecting internal audit’s role in that strategic challenge...

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