Weekly Wrap – 2nd October 2014


Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

World-Class Internal Audit: Tales from my Journey – Norman Marks

In the last couple of days I have received from Amazon my copy of the book “World-Class Internal Audit: Tales from my Journey” written by the internal audit thought leader and former senior Chief Audit Executive, Norman Marks.

For me it has been a fascinating remembrance of all of what makes internal audit great.

Lessons Learned on the Audit Trail – Richard Chambers

Equally on my reading list is “Lessons Learned on the Audit Trail” by Richard Chambers – who as you know is the President and CEO of the Institute of Internal Auditors.

As I was reading through Norman’s book and indeed as I prepare myself to read Richard’s it struck me that they are islands in a sea of experiences that we don’t often share.

Internal auditors are provided with a wonderful opportunity to see how an organisation works and what can be done to better improve an organisation.

Yet we rarely talk about it.

Now talking about here I am not suggesting that you breach – ever – any company confidential information.

But there are opportunities to talk about it in retrospect such as Norman and Richard have done or alternatively in real time through blogging yet we don’t seem to do that.

I often look at professions and think that those that talk about what they are doing at the moment are those professions that are moving forward the most and are generating the most interest in those professions.

Internal audit does not do that and I am not really sure why.

Everyone Has a Fascinating Story

Everyone of us has a fascinating story.

And indeed I am reminded of the title of the book written by Cynthia Cooper – the former Chief Audit Executive of WorldCom.

It was called “Extraordinary Circumstances”.

And the reason why?  In the blurb she wrote:

My team and I were ordinary people who found ourselves in extraordinary circumstances.

We all face extraordinary circumstances – but to hide them away for others to learn from makes those circumstances somewhat less beneficial.


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