[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
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
The Institute of Internal Auditors has released a collection of tools and resources to help internal auditors incorporate the new Global Internal Audit Standards into their practice. The new Standards, which were released in early January, will become effective in January of 2025. According to the IIA, “the new Standards Read More
The Public Company Accounting Oversight Board (PCAOB) has imposed fines and penalties on top 100 audit firm Haynie & Co. and several of its partners of more than $590,000 for audit failures and violations of PCAOB’s rules and standards. The PCAOB found that the individual audit partners involved each violated Read More
The Institute of Internal Auditors announced this week that it is awarding more than $100,000 in individual and university grants, and relaunching its Sawyer Scholarship. “The growth and advancement of the internal audit profession relies on innovative research and a strong pipeline of talent entering the profession,” said Warren Stippich, Read More
The Institute of Internal Auditors has released a long-awaited update to its Global Internal Audit Standards, which provide a set of principles to guide internal auditors in the course of their work. The new standards impact businesses of all sizes, industries, and geographic regions. The IIA says they were designed Read More
The Institute of Internal Auditors’ work on issuing a new version of its professional practice standards cleared an important hurdle this week, paving the way for their release in early January. The IIA’s committee in charge of the project, the International Internal Audit Standards Board (IIASB), voted to approve the Read More
The U.K. government has retreated from planned efforts to overhaul public audit rules that were promised to help prevent corporate scandals such as those at Carillion, BHS, and Patisserie Valerie from repeating. Last week in a speech to open Parliament, King Charles omitted mention of an audit reform bill from Read More
The Institute of Internal Auditors’ Internal Auditor magazine has announced its “2023 Emerging Leaders” list — featuring an eclectic group of 15 individuals in the internal audit space that it says are, “poised to redefine the future of internal auditing during a period of unprecedented change.” “This year’s Emerging Leaders Read More
As the scale of emerging technology risks facing companies continue to multiply, IT auditors play a key role in identifying these threats and helping their organizations to navigate them. A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up Read More
