Richard Chambers

In this discussion, Richard Chambers, a senior advisor at AuditBoard and a former CEO of The IIA Global, dives into the future of audit leadership amidst AI's rise. He explores how AI is transforming the audit landscape, the importance of governance, and the human skills that remain irreplaceable. Chambers highlights the urgent need for boards to address oversight gaps and adapt to technology-driven risks. He also discusses the challenges of stagnant audit budgets while emphasizing AI's potential to enhance efficiency and influence in the role of auditors.

Richard Chambers, former CEO of the IIA and current senior advisor at AuditBoard, dives into the critical notion of connected risk. He emphasizes its growing importance, particularly in an era shaped by disruption like COVID-19. The conversation revolves around fostering cross-functional teamwork in risk management, anticipating downstream impacts, and embracing change for better collaboration. Chambers also shares insights from his book, advocating for a proactive approach to turn risks into opportunities and enhance audit practices.

In this engaging discussion, Richard Chambers, an advocate for aligning internal audit with organizational goals, debates with Norman Marks, who contests the necessity of formal strategic plans. They delve into the importance of adaptability versus long-term planning in internal audits, exploring when strategy may hinder immediate action. The conversation reveals how technology, especially generative AI, is reshaping the profession, raising essential questions about risk management in a rapidly evolving landscape. Prepare for a thought-provoking take on the future of internal auditing!