Internal auditors are often considered to be the eyes and ears of the non-executives, particularly those on audit or risk committees. In the current environment, when uncertainty rules and oversight is more difficult, Internal Audit should be standing back and doing what they do best – listening, observing, and providing objective advice and insight. David Alexander says there are three key areas of focus for Internal Audit today: flexibility, relevance, and collaboration.

David Alexander, a highly experienced former Chief Internal Auditor, discusses the Risk Coalition’s guidance and explains why he sees it being very important for internal auditors. He argues that a major benefit for internal audit is that Raising The Bar finally gives internal auditors a clearer, and maybe even a model, framework to audit risk against.