The Speed of Risk: Lessons Learned on the Audit Trail, 2nd Edition - Hardcover

The Speed of Risk: Lessons Learned on the Audit Trail, 2nd Edition - Hardcover
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In the years since the first edition was published, Richard Chambers has shared numerous new lessons across various content media—presentations, social media, and more than 200 blogs and articles. The “speed of risk” has been a recurring theme in the messages he has delivered to the profession since 2014, and it is a theme that is prominent in this updated edition. He offers fresh perspectives on key developments from recent years that have critical implications for the profession. His hope is that readers will find his journey worthwhile and learn how to harness their own personal passion for the internal audit profession.

The author addresses topics of concern to the profession today, including:

  • The rising expectations of internal audit’s stakeholders
  • The imperative to audit at the speed of risk
  • How internal audit must leverage innovation in the face of disruption
  • Internal audit’s role in auditing culture, artificial intelligence, and new technologies
  • The idea that internal auditors can audit anything—but not everything
  • The skills future trailblazers will need in internal audit

About the Author

Richard F. Chambers, CIA, QIAL, CGAP, CCSA, CRMA, is president and CEO of The Institute of Internal Auditors (IIA), the global professional association and standard-setting body for internal auditors. He has more than four decades of internal audit and association management experience, mostly in leadership positions. Before taking the helm of The IIA in 2009, he was national practice leader in Internal Audit Advisory Services at PricewaterhouseCoopers; inspector general of Tennessee Valley Authority (TVA); deputy inspector general of the U.S. Postal Service; and director of the U.S. Army Worldwide Internal Review Organization at the Pentagon.

Accounting Today ranks Chambers as one of the Top 100 Most Influential People shaping the accounting profession, and he is recognized by the National Association of Corporate Directors (NACD) as one of the most influential leaders in corporate governance. In 2016, Chambers was honored by American City Business Journals’ Orlando Business Journal as a top CEO of the Year.

Thank you IIA–Chicago Chapter and Paul J. Sobel, CIA, QIAL, CRMA, for your sponsorship of this Internal Audit Foundation publication.


Item Number: 10.1307


Auditing IT Change Management

IT change management refers to the process in which an organization’s technology changes; the effects that the changes have on systems, programs, or applications; and how the changes are managed. Change management in the IT environment is critical for organizational success. Organizations are bombarded with change requests — not only to improve or update existing application functionality, but also to implement necessary patches to help secure those applications; and in some cases, to comply with relevant regulatory requirements. Managing the flow of requests should be handled efficiently and effectively to avoid mishaps, rework, unintended consequences, or even system failure.

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