A new survey finds that internal auditors are increasingly leveraging artificial intelligence to complete audit work. The survey, conducted by global information and software company Wolters Kluwer, finds that 39 percent of internal auditors are already employing AI and a further 41 percent intend to adopt AI in the next 12 months. Read More
Continuing a long-standing tradition that started in the 1990s, the internal audit community is observing “International Internal Audit Awareness Month” this May. During the month, internal auditors around the world share examples of how the profession provides value to organizations, spotlight the profession’s commitment to good governance and risk management, Read More
The United States House Financial Services Committee approved a bill proposed by the House Republicans to cut funding from the Consumer Financial Protection Bureau and to dissolve the Public Company Accounting Oversight Board into the Securities and Exchange Commission. The legislation received some backlash from Democrats along the way however, Read More
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
