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Who Needs the Red Book?!

Articles Mike Jacka, CIA, CPA, CPCU, CLU Aug 06, 2021

A couple of old friends of mine — old in that we've known each other for a long time (in fact, they both were my bosses at various times) and old in that, well, we're old, and let me hastily note that I am older than them lest their defamation lawyers come quickly a-callin' …

Where was I? Oh yeah! A couple of old friends of mine — for anonymity's sake we'll refer to them as Friend 1 and Friend 2 — joined me on a three-day vacation and, because we are internal audit wonks, many of our discussions centered around the theory and practice of internal auditing.

At one point, Friend 1 shocked us by uttering the following phrase:

"I don't have any use for the Red Book."

Mike Jacka, CIA, CPA, CPCU, CLU

Co-founder and Chief Creative Pilot, Flying Pig Audit, Consulting, and Training Services (FPACTS), based in Phoenix.