Board and C-Suite Driven Assurance: The Dawn of a New Era

Abstract

Many years ago I wrote a seminal article titled “Control & Risk Self-Assessment: The Dawn of a New Era in Corporate Governance.” That article, and the ideas in it, played a significant role launching my first company in 1991, and had a significant impact on the profession globally. Almost 25 years later this article describes recent developments and forces that will almost certainly see the onset of an even more profound and significant transformation—truly the dawn of a new era in internal auditing.

Notes

i. IIA Pulse on the Profession, Enhancing Value Through Collaboration: A Call to Action, IIA AEC, July 2014.

ii. Principles for an Effective Risk Appetite Framework, Financial Stability Board, 18 November 2013.

Additional information

Notes on contributors

Tim J. Leech

Tim J. Leech, CIA, CCSA, CRSA, FCPA, is Managing Director at Risk Oversight Solutions in Canada. He is recognized globally as a thought leader, innovator, trainer, and advisor in the risk and assurance field. He can be reached at [email protected].