The Internal Auditor's Case of Mistaken Identity: Why Reporting to the CFO Undermines the Profession

This article argues that internal audit faces a significant identity crisis, often misunderstood as a finance-centric, compliance-focused function. The author contends that the prevalent administrative reporting structure to the CFO is a primary driver of this misperception, hindering internal audit's strategic value and independence. It calls for a shift towards CEO reporting and a broader, risk-based approach to elevate the profession's standing.