Journal of Contemporary Issues in Business Research

ISSN 2305-8277
Lessons Learned From the Audit Trail
Lessons Learned From the Audit Trail
Dennis Elam1
Author Affiliations
  • 1 Texas A & M University San Antonio – United States

  • Abstract

    Richard Chambers is President of the Institute of Internal Auditors IIA. The book is a reflection of his ‘lessons learned’ from forty years of internal auditing. The book is written more in the style of a manual than as a reminisce. Chambers lists some 35 Life Lessons, the book’s title, illustrated by the examples in the book. His experience was primarily with the US Army, United States Post Office, Tennessee Valley Authority, and finally with the Internal Audit Division of Price Waterhouse Coopers PwC. The text contains numerous lists of dos and don’ts. In that regard it is surprising the word ‘manual’ does not appear in the book title. The book is aimed at the growing world-wide internal audit profession. Globally the IIA comprises some 180,000 members with 160 chapters totaling over 72,000 in North America.

    Keywords
    Internal audit; Risk management; Governance; Assurance; Ethics.

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    First published online before print: 2015
    Vol. 4, No. 3, 2015, pp. 76-78
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