The Institute of Internal Auditors has announced a series of changes to its Certified Internal Auditor (CIA) Challenge Exam program. The CIA Challenge Exam Program is a fast-track pathway that lets experienced, already-credentialed professionals earn the CIA designation by taking one comprehensive exam instead of the standard three-part CIA exam. Read More
The U.K Financial Reporting Council, the United Kingdom’s main regulator for accounting, auditing, and corporate governance, is introducing a major overhaul of its audit supervisory model, introducing what it calls a more proportionate, effective and integrated framework designed to enhance audit quality and reinforce resilience across the U.K. audit market. Read More
Internal audit is under increasing pressure as the risk environment grows more complex and interconnected. Risk management has risen over 50 percent in importance among CEOs in the past year, reflecting the urgency for organizations to adapt. During the keynote address to Assurance leaders at the Gartner Enterprise Risk, Audit Read More
There is a particular kind of risk that keeps model risk officers up at night. It is the risk of a model that keeps running, keeps producing outputs, keeps feeding decisions into the business, while quietly becoming wrong. No alert fires. No dashboard turns red. The model simply drifts, and Read More
GUEST BLOG POST – On the road to growth, new disruptions have challenged boards and senior executives to stay on track and prevent teams from spinning out during any sharp turns the business needs to make. Internal auditors are helping organizations drive faster by tapping the brakes when necessary and Read More
Auditing or managing compliance projects means that you are responsible for ensuring your organization meets regulatory standards and protects sensitive data. However, security doesn’t work the way it used to. The network perimeter is becoming harder to define as employees work remotely, companies adopt cloud environments, and more third-party vendors Read More
After more than 45 years in and around the internal audit profession, I’ve had plenty of time to reflect on what I’ve learned—often the hard way. Like most people, I didn’t pick up these lessons in a classroom. They came through experience, missteps, and moments that didn’t always go quite Read More
A new report issued jointly by the Internal Audit Foundation, Baker Tilly, and Wolters Kluwer TeamMate examines the evolution of risk management activities, highlighting the importance of strategic collaboration with internal audit without sacrificing independence. Drawing on the IIA’s Risk Research survey insights, the report is intended to identify opportunities Read More
AuditBoard, a provider of an AI-powered GRC platform enabling enterprises to transform risk into opportunity, announced it has rebranded as Optro. In a statement the company said this new identity “reflects the value Optro provides to teams: a single, coherent view across audit, risk, infosec, and compliance, while staying true Read More
In the post-Basel III environment, interest rate risk in the banking book (IRRBB) has emerged as one of the most significant sources of financial and capital volatility for banks. Under the Basel Framework, interest rate risk in the banking book (IRRBB) refers to the current or prospective risk to a Read More
