Overfamiliarity in internal audits constitutes a major risk, particularly when the same internal audit team—or even the same audit management—repeatedly audits the same operations. While corporate governance laws in many jurisdictions restrict prolonged involvement of internal audit teams with specific engagements, especially for listed companies, and while many internal audit Read More
Internal auditors across all sectors are intimately familiar with this pattern: you find an operational failure, trace the steps back through interviews and documentation to understand the root cause, and discover that the underlying process itself was sound. Procedures were well designed. Safety controls were properly established. The risk evaluation Read More
The government of the United Kingdom has confirmed it will not proceed with the long-anticipated Audit Reform and Corporate Governance Bill, bringing to an end nearly a decade of debate over the future of audit regulation and corporate accountability in the U.K. The decision marks a significant shift in policy Read More
Global business leaders remain optimistic about growth prospects over the next several years, even as economic uncertainty, geopolitical tensions, and rapid technological change continue to reshape the risk landscape. According to a new survey conducted by consulting firm Protiviti in collaboration with North Carolina State University’s ERM Initiative, nearly 70 Read More
Chief audit executives spend a great deal of time focused on plans, risks, and deliverables. That focus is necessary, but as leaders more is needed. The effectiveness of an internal audit function is shaped as much by how the team is led as by the work it delivers. Strong internal Read More
Last year in this space, we wrote about a profession emerging from a period marked by uncertainty, disruption, and rapid change. As 2024 turned into 2025, internal auditors were still grappling with the aftershocks of the pandemic, accelerating technological change, geopolitical instability, and questions about where—and how—they could add the Read More
Internal auditors are a rare breed. To perform well in their jobs, they must possess a mix of skills that are seldom found in one person. They need to be analytical with laser-like focus, while also being true “people persons” with strong communication skills. They must be rule-followers who respect Read More
The internal auditing function is receiving new levels of attention and interest, especially as organizations seek to strengthen their ability to protect value and drive higher levels of confidence. Effective Chief Audit Executives are becoming even more risk-oriented than they have in the past, taking a more proactive approach to Read More
The Institute of Internal Auditors has released the Organizational Behavior Topical Requirement, the third in a series and the final to be published in 2025. Incorporating feedback from practitioners and stakeholders around the world, this new requirement reframes the auditing of culture into a structured assessment of behavior-related risks, offering Read More
Most recent college graduates don’t aspire to become chief audit executives. For that matter, most business graduates probably don’t even set out to become internal auditors. Maybe they take an internal audit job after a stint at a Big Four firm. Or they find themselves in the role from a Read More
