Internal auditors across all sectors are intimately familiar with this pattern: you find an operational failure, trace the steps back through interviews and documentation to understand the root cause, and discover that the underlying process itself was sound. Procedures were well designed. Safety controls were properly established. The risk evaluation Read More
Chief audit executives spend a great deal of time focused on plans, risks, and deliverables. That focus is necessary, but as leaders more is needed. The effectiveness of an internal audit function is shaped as much by how the team is led as by the work it delivers. Strong internal Read More
The internal auditing function is receiving new levels of attention and interest, especially as organizations seek to strengthen their ability to protect value and drive higher levels of confidence. Effective Chief Audit Executives are becoming even more risk-oriented than they have in the past, taking a more proactive approach to Read More
Most recent college graduates don’t aspire to become chief audit executives. For that matter, most business graduates probably don’t even set out to become internal auditors. Maybe they take an internal audit job after a stint at a Big Four firm. Or they find themselves in the role from a Read More
Internal audit has experienced a significant transformation over the last decade or so. Once primarily seen as a compliance-oriented role, it now forms a vital component of strategic decision making. Today’s internal auditors are required to adopt a forward-thinking stance in spotting emerging risks and delivering insights based on data Read More
For years, the internal audit profession has watched artificial intelligence from the sidelines — intrigued, occasionally skeptical, and increasingly aware that the sidelines are not a place to stay for long. Now, with generative AI reshaping industries and predictive analytics powering risk management across functions, internal auditors are asking a Read More
No internal audit team is perfect, and some perform better than others. But will you realize it when the internal audit team is really steering into rough waters? Will you see the signs that the internal audit team isn’t only performing poorly, but it is floundering? There will likely be Read More
Much of internal audit’s calendar is filled up with a hectic audit plan that is sometimes more aspirational than realistic. It can be so tightly scheduled with assurance projects that it leaves internal auditors feeling like they have little time to think, never mind strategizing or taking on extra work. Read More
The mission of internal audit has steadily evolved into a cornerstone of modern organizational management. Since the Institute of Internal Auditors (IIA) was founded in 1938, internal audit has progressed from simple financial checks to a structured, disciplined approach that strengthens governance, risk management, and overall control systems. While their Read More
This year, the compliance landscape is shifting on multiple fronts. Seven new U.S. state-level privacy laws are taking effect, the U.S. Department of Health and Human Services is proposing major changes to HIPAA—the most significant since 2013, and the EU AI Act is introducing sweeping new governance requirements for high-risk Read More
