Five years after debuting guidelines that can help organizations balance the goals of using information while protecting individual privacy, the National Institute of Standards and Technology (NIST) has drafted a new version of the NIST Privacy Framework intended to address current privacy risk management needs, maintain alignment with NIST’s recently Read More
If not for an anonymous call to Knox County’s waste, fraud, and abuse hotline, the investigation into misuse of taxpayer dollars and leased vehicles by Knox County Trustee Justin Biggs and some staffers might never have been launched. Justin Biggs and his staff were reimbursed $4,716.59 that exceeded the county Read More
External quality assessment (EQA) has evolved with the new Institute of Internal Auditors (IIA) standards, and chief audit executives must develop a strategic plan to bridge any gaps in conformance. The standards set a more stringent benchmark for audit departments undergoing an EQA. Tim Berichon explained to research and advisory Read More
GUEST BLOG POST There are conflicting views on whether internal audit should follow up on every action item from previous audits. Let me see if I can inject some common sense into the debate. Imagine this is the situation: A year ago, management agreed to a recommendation by internal audit Read More
As expectations rise for both risk management professionals and internal auditors, RIMS, the risk management society, and The Institute for Internal Auditors have entered into an agreement to provide both professional communities with greater access to career-building and program-advancing learning experiences. RIMS and The IIA will offer their respective memberships Read More
Ethics are a crucial component of every organization and are broadly defined as the values and principles that govern and shape behaviours and leadership. According to a recent study by Gallup, only 20 percent of employees surveyed strongly agreed that they trusted the leadership of their organization. Forbes estimates that Read More
Risk management teams can increase their efficiency and drive better risk insight and mitigation by using generative AI tools in five ways, according to Gartner, an IT research and advisory firm. “GenAI offers ERM teams a unique opportunity to expand their capabilities without significant investments,” said Joel Backaler, Director Analyst Read More
The Institute of Internal Auditors released a draft of its Third-Party “Topical Requirement.” The document provides a consistent and comprehensive approach to assessing the design and implementation of third-party governance, risk management, and control processes. It was developed with input from internal audit practitioners and stakeholders globally, says the IIA. Read More
A new report finds that many internal audit leaders say they don’t have the funds to sufficiently run their departments, even as many reported increases in funding. According to the 2025 North American Pulse of Internal Audit Survey, nearly half of respondents said their internal audit departments were either insufficiently Read More
The Public Company Accounting Oversight Board announced that PricewaterhouseCoopers Singapore agreed to pay $1.5 million for violations of PCAOB rules and quality control standards. The violations arose from the Firm’s failure to have appropriate policies and procedures over its Personal Independence Compliance Testing (PICT) process and to foster an appropriate ethical Read More
