Still locking into an annual audit plan? Stop. Risks move too quick to be addressing last year’s concerns as many as six, ten, or more months after the fact. Would you plan your whole week’s wardrobe based on the weather report at the start of the week and not waiver Read More
GUEST BLOG POST I believe just about every internal audit executive would agree with me that our independence from management is critical. We need to be able to operate without undue interference from management. That means that they are not able to stop or change our audit reporting, our opinions, Read More
The Federal Trade Commission issued a final rule that will effectively ban all noncompete agreements nationwide. In a statement, the agency said it was “protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.” “Noncompete clauses keep wages low, suppress new ideas, and rob Read More
The Institute of Internal Auditors, a global professional association for the internal audit profession, has announced the approval of Cameroon as the latest country to join its global federation, further expanding its international footprint. As an approved institute, Cameroon now has a legal framework to support internal auditors in its Read More
Ever since artificial intelligence burst onto the scene and particularly over the past several months, just about every organization has been grappling with complex questions about how to safely harness the power of AI, while avoiding or mitigating the risks and dangers that come with this massively powerful technology. Internal Read More
How can internal auditors look for fraud and assess fraud risks while remaining trusted advisors to their audit clients and management? The question is gaining renewed attention, in part because both the new Global Internal Audit Standards from the Institute of Internal Auditors (IIA) and the proposed standards from the Read More
GUEST BLOG POST This may be an odd question to ask, but as a leader of internal audit and risk management it was an important issue for me: Where should internal audit sit in any given organization? While there is so much talk about artificial intelligence, I believe it is Read More
[Dropcap]The rapid growth and adoption of generative AI (GenAI) has resulted in a scramble to provide internal audit coverage over potential risks arising from use of the technology, according to a survey by Gartner. Gartner surveyed 102 chief audit executives (CAEs) to rate the importance of providing assurance over 35 Read More
A new survey finds that internal audit departments are generally increasing their budgets and adding more staff. According to the survey, conducted by the Institute of Internal Audit’s Internal Audit Foundation, 36 percent of internal audit departments said they had increased their budget last year, compared to 13 percent who Read More
The Securities and Exchange Commission voted to finalize its rules on climate-change disclosures titled, “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” In an about face that the SEC began signaling last month, the Commission cut key provisions from the proposal, including a requirement to disclose Scope 3 emissions, Read More
