On April 6, 2016, Protiviti’s Executive Vice President Brian Christensen hosted a webinar with The Institute of Internal Auditors (IIA) to review the 2016 Common Body of Knowledge (CBOK) Stakeholders Study. In the webinar, they also discussed the evolving role of internal auditors. The results of the study suggest that internal audit and the chief audit executive (CAE) are perceived as a reservoir of knowledge to improve risk management capabilities and inform management of emerging risks.
In this article, Brian Christensen reviews the overall findings discussed in the April 6th webinar. Subsequent blog posts will explore some of the more nuanced aspects of the study, focusing on what internal auditors can do to meet, manage or exceed stakeholder expectations.