"Follow the Risk" - Tips from Richard Chambers, President of the Institute of Internal Auditors


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Feb 19 2010 16 mins   1
Richard Chambers, President of the Institute of Internal Auditors (IIA) has three words of advice for organizations, executives and auditors looking to improve the role of internal audit: "Follow the risk."

In an exclusive interview, Chambers discusses:

Impact of the economic recession on internal audit;
How the role has evolved because of recent times;
Advice for organizations, executive and auditors to further maximize the role.

Chambers began his career in 1976 with the U.S. General Accounting Office, where he first became an internal auditor. He firmly established himself in government internal auditing and was named Worldwide Director of Internal Review for the United States Army in 1993. He later served as Deputy Inspector General for the United States Postal Service and Inspector General for The Tennessee Valley Authority. In 2001, Chambers joined The IIA staff as vice president, Learning Center. After a brief tenure as "acting president," he left The IIA in 2004 to join PricewaterhouseCoopers, where he most recently served as national practice leader, Internal Audit Advisory Services.

Throughout his career, Chambers has served on numerous boards and panels, including the U.S. President's Council on Integrity and Efficiency, the City of Orlando Florida Audit Board, and The IIA's Internal Audit Standards Board. He has served in various leadership roles at The IIA since 1994.