ABOUT THIS EPISODE
In this conversation, Salih Ahmed Islam discusses the critical role of internal audit in organizations, emphasizing the importance of effective communication with management and the board. He shares insights on the challenges faced by internal auditors, the necessity of board support, and the impact of technology, particularly AI, on auditing practices. Salih also highlights the delicate balance between maintaining independence and fostering relationships with management, concluding with best practices for internal auditors.
Just a few highlights of our conversation with Salih Ahmed:
Clear communication is the backbone of internal auditing.
The finding doesn't end when the report is issued. It's only truly closed when the risk is mitigated.
Internal auditors power comes from the top.
We are allies of the truth.
Some of the takeaways of this integrity talk:
• Clear communication is essential for effective internal auditing.
• The method of communication can impact the effectiveness of audit findings.
• Board support is crucial for the success of internal audit functions.
• Managing audit findings requires diligent follow-up and resolution.
• AI and technology can enhance audit processes but require proper implementation.
• Internal auditors should focus on auditing processes, not individuals.
• Independence is vital, but relationships with management can be beneficial.
• Timely closure of audit findings mitigates organizational risk.
• Internal auditors must be proactive in their roles to ensure effectiveness.
• Establishing clear boundaries in relationships with management is important.
IMPORTANT LINKS AND MENTIONS
The following episodes might be also of interest for you:
032 – Integrity talk with Salih Ahmed Islam
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Thank you for joining me on this episode of THE HUMAN FACTOR – Corporate Integrity Matters
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