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Internal Audit Executives Archives - NeuGroup

Risk Management
March 16, 2023

Striking a Balance: Simplicity and Complexity in Audit Reports

How internal auditors manage audit ratings and opinions is key to clear communication with the audit committee and management.There is no one way to present an update to the audit committee (AC) of a board of directors. But there is a general consensus that internal auditors must be succinct and not drag AC members into the weeds with too many details. That takeaway emerged at a recent monthly meeting of NeuGroup for Internal Audit Executives designed to help one group member create…
Justin Jones
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RegionalRisk ManagementTreasury Management
December 1, 2022

People, Prices, Places: Internal Auditors Question Hiring Trends

Internal audit hiring insights: India may be growing less attractive; recruiting talent from the Big Four has downsides. Top companies in North America have looked to India as a leading location for shared services centers and to potentially place at least some internal audit (IA) staff. They have also used the Big Four accounting firms essentially as a default source of new team members. Both of those trends may be wearing thin. One member of NeuGroup for Internal Audit Executives discussing his company’s rapid…
Justin Jones
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ESGInternal Audit ExecutivesRisk Management
June 2, 2022

Internal Auditors Shine a Brighter Light on Climate Data Sources

Pending regulations prompt IA to validate companies’ climate-related claims and incorporate first and second lines of defense. Several members of NeuGroup for Internal Audit Executives have recently or will soon conduct the first audits of their companies’ climate impact reports, and in a recent meeting they generally concluded that ESG group leaders may not understand much of the data behind their reports. The vice president of internal audit at a corporate with supply chains stretching worldwide discussed his company’s annual climate impact…
Justin Jones
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ComplianceRisk Management
January 26, 2022

Drawing Legal Lines: Internal Audit and Attorney-Client Privilege

Insights on when and how internal auditors involve lawyers to protect information in an audit report.Most members of NeuGroup for Internal Audit Executives either don’t have a formal process to secure attorney-client privilege (ACP) for their audit reports or are working to formalize one. That takeaway emerged at a recent group session where other members shared how the process works at their companies. But first, some context: According to the law firm Gibson Dunn, “Generally speaking, internal audit reports and…
Justin Jones
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December 8, 2021

Internal Audit Executives Projects & Priorities for 2022

About this meeting IAExecs will gather to discuss upcoming 2022 projects, priorities, and challenges. About this Peer Group NeuGroup for Internal Audit Executives is an invitation-only group for senior corporate internal audit professionals with responsibility over reporting to the board-level audit committee. The group follows NeuGroup’s time-tested approach for membership peer groups, including facilitated agenda development, benchmarking surveys, and professional networking. Founded in 2006, the group covers the unique challenges facing internal audit. Meeting type Peer group meetings are the…
Jacob Bromsey
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November 1, 2021

Internal Audit Executives H2 Meeting

About this meeting Internal Audit Executives will meet for their H2 meeting on November 4th to discuss adding ESG to the audit plan, using DYI AI tools to track audit processes, internal audit’s relationship with ERM, and internal audit and resource challenges. About this Peer Group NeuGroup for Internal Audit Executives is an invitation-only group for senior corporate internal audit professionals with responsibility over reporting to the board-level audit committee. The group follows NeuGroup’s time-tested approach for membership peer groups,…
Jacob Bromsey
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October 29, 2021

Internal Audits Role in Strategic Planning

About this meeting Where does internal audit fit in the company’s strategic plan? Internal Audit Executives will meet for its November interim meeting to discuss where the function sits in the strategic plan timeline. About this Peer Group NeuGroup for Internal Audit Executives is an invitation-only group for senior corporate internal audit professionals with responsibility over reporting to the board-level audit committee. The group follows NeuGroup’s time-tested approach for membership peer groups, including facilitated agenda development, benchmarking surveys, and professional…
Jacob Bromsey
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ESGRisk Management
September 30, 2021

Environmental Scrutiny: Internal Audit Takes Stock of ESG Goals

As ESG initiatives grow, audit teams work to ensure companies meet their publicized targets. At recent NeuGroup meetings, internal audit heads discussed taking the first steps at integrating ESG into their audit plans, conducting tests to ensure alignment with public statements on environmental goals. Though only a handful of members currently have ESG in their audit plan, others recognized the need and are kickstarting the process to get out ahead.ESG goals “can become a sales pitch,” one member said, adding he…
Justin Jones
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Risk ManagementTalking Shop
July 22, 2021

Talking Shop: Interviewing Management to Uncover Risks

Member question: “Has anyone, recently or in the past, conducted broad wide-scale open-ended (i.e., not scripted Q&A) risk interviews of top management and leaders as the primary means to collect risk-identification inputs? “I am looking to share thoughts and experiences regarding the effectiveness, as well as methods to summarize, quantify and present the key findings.“I have interviewed board members, executive staff, management VPs+, totaling in the range of 75-100 one-on-one discussions. I am seeking recommendations on the process.” Peer answer…
Antony Michels
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June 1, 2021

Internal Audit Embraces Agile

About this meeting With the onset of the pandemic, internal audit teams found themselves having to be flexible — more agile — when it came to continuing to do their jobs providing assurance. What are some of the agile concepts they adopted? About this Peer Group NeuGroup for Internal Audit Executives is an invitation-only group for senior corporate internal audit professionals with responsibility for over-reporting to the board-level audit committee. The group follows NeuGroup’s time-tested approach for membership peer groups,…
Jacob Bromsey
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