Among the many things that may keep internal auditors up at night are cybersecurity, compliance, and data security and protection, according to a recent survey by the Chartered Institute of Internal Auditors. These top three concerns significantly outrank other risk categories like human resources, regulatory change, and digitalization, although, of Read More
The past year was a busy one for internal auditors. Most internal audit shops are still coming to grips with some big underlying shifts in internal audit. The biggest trend was the acceleration in the use of technology to fulfill internal audit’s objectives. The second theme of 2018 was finding Read More
It’s no secret that companies have been adopting a more data-centric approach to managing risk and compliance and to improving internal audit. They are installing fancy software packages and hiring data analytics experts to help them sift through oceans of valuable data to look for patterns and outliers. But some Read More
Internal auditors, compliance officers, and other “lines of defense” professionals are in unique positions to spot fraud and wrongdoing at the companies where they work. In most cases it is enough to report the problems to senior management or to the board of directors in situations where senior executives may Read More
Editor’s Note: This is part three of a six-part series we are doing on the Internal Audit Value Chain, which can act as a blueprint for building a successful internal audit function. Click here for the other articles in the series. There are few efforts company leaders love more than Read More
Here are five steps to conducting an expert fraud investigation, and five common investigation mistakes to avoid. When you are assigned by senior management, the audit committee, or your superior to head a team of professionals to conduct a fraud investigation, what do you do? You have two options: embrace Read More
The internal audit profession is changing rapidly these days and the exact role of the auditor is in flux as they seek to retain influence in the organization. The internal audit function’s main objective is to add value to the organization through recommendations and audits, based on a systematic, disciplined Read More
Editor’s Note: This is part two of a six-part series on the Internal Audit Value Chain, which can act as a blue print for building a successful internal audit function. Click here for the other articles in the series. Whenever it comes to talking about internal audit’s role in risk Read More
A definitive guide to producing, using, and improving a risk heat map at your organization. A good risk assessment is an important part of the process of putting together a solid internal audit plan. But gathering risk information from throughout the company and organizing it into manageable and actionable material Read More
Yulia Gurman, director of internal audit and corporate security at Packaging Corporation of America, has spent more than 15 years honing her craft as an internal auditor, including stints at such companies as OfficeMax and Retail Properties of America. At PCA she is working to improve the use of advanced Read More
