Great post from our friend Patrick Potter from RSA, about how internal audit can feel like Groundhog Day sometimes…
In the 1993 movie, Groundhog Day, Phil (Bill Murray), an arrogant weatherman, is out to cover the annual emergence of the groundhog from its hole. He gets caught in a blizzard that he didn’t predict and finds himself trapped in a time warp. He is doomed to relive the same day over and over again until he gets it right.
This reminds me of my days as an internal auditor and how during every audit we would identify issues, or gaps in internal controls or risk management, that we would ask management to address. We would complete the audit and move on to the next one. A year or two later we came back to review that same area and invariably would find many of the same issues as the previous audit and, lo and behold, the issues had not been addressed. It felt like Groundhog Day. It probably also felt like Groundhog Day for management because once the auditors left, their day-to-day responsibilities to run the business took precedence over addressing the issues we raised.
(P.S.: At Iceberg we are building out an “accelerator approach” for issues management & audit planning on the RSA Archer platform. Give me a shout if you’d like to chat firstname.lastname@example.org.)