Ep 193: How to Build a Strategy for Internal Audit w/ Richard Chambers

The Audit Podcast

This week, Richard Chambers, former president and CEO of the IIA and Senior Advisor, Risk and Audit at AuditBoard, joins the show. In this episode, Richard shares the integration of strategic planning into the latest IIA Standards. He provides valuable insights on crafting a strategic plan, the importance of a strategic vision, and techniques for implementing tactical accountability.

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Timecodes:

3:05 - ChatGPT

6:33 - Strategy Being Integrated into the New Standards

9:31 - Developing Strategies for Internal Audit

11:30 - Blueprint for Developing a Strategic Plan

15:37 - The Purpose of a Strategic Vision

19:05 - Tactical Accountability

21:36 - Internal Auditors in the Era of Permacrisis

24:00 - Critical Success Factors vs. KPIs

25:34 - Advice for Internal Auditors on Creating Strategies

27:55 - Final Thoughts

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