As governments around the world respond to growing geopolitical, social, and macroeconomic uncertainty, chief audit executives are warning that global policy changes are having a profound and negative impact on the risk landscape facing their businesses. New research from the Chartered Institute of Internal Auditors, based on a survey of Read More
In today’s increasingly data-driven business environment, internal audit teams are expected to go beyond traditional sample-based testing and embrace advanced analytics. By applying statistical tests, auditors can validate controls, detect anomalies, and provide deeper insights into organizational risk. Here are 10 statistical tests internal audit teams can incorporate into their Read More
For decades, internal auditors have quietly upheld the resilience of organizations, helping them navigate risk, compliance, and control. But a decade from now, that quiet assurance will no longer be enough. By 2035, internal auditors are expected to stand as strategic contributors to the success of organizations by shifting from Read More
GUEST BLOG POST For several years following the start of the COVID pandemic, the Institute of Internal Auditors’ “North American Pulse of Internal Audit” reported that internal audit department budgets were dropping. While the 2024 survey reported improving internal audit budgets, the 2025 survey once again raised concerns that internal Read More
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets. The new guidance, which is optional, addresses challenges faced by stakeholders when applying Topic 326, Financial Instruments—Credit Losses, to current accounts receivable Read More
GUEST BLOG POST In many organizations compliance is treated like a seasonal performance, where everything is polished just in time for the audit. Controls are executed, evidence is gathered, standard operating procedures (SOPs) are followed to the letter, but only because someone is watching. Once the audit concludes, attention fades, Read More
The Institute of Internal Auditors has announced that Stefano Comotti will serve as Chair of the Global Board for 2025 t0 2026. The announcement was made during the IIA’s 2025 International Conference in Toronto. Comotti, who currently works for a listed group in the luxury goods industry, “joins a distinguished rank Read More
Erica Y. Williams has announced her plans to step down as chair of the Public Company Accounting Oversight Board. She will resign her post next week after revealing that she had been asked to resign by Securities and Exchange Commission head, Paul Atkins. The audit firm watchdog has been a Read More
As we know, internal audit teams can sometimes overlook company culture when identifying areas of risk and concern. A 2023 AuditBoard report, for example, found that 80 percent of the organizations it surveyed do not actively conduct audits or assessments of their culture. This gap may also point to a Read More
The Institute of Internal Auditors has released a draft version of its Organizational Behavior Topical Requirement, now open for public comment through August 22. Insights gathered will help shape the final document and establish a clear baseline and relevant criteria for providing assurance services related to organizational behavior risks. Developed Read More
