Category: Articles

The future of internal audit

Seven steps to evolving your internal audit team to adapt to changing times
Repositioning Internal Audit for the Future

On By Shane Rogers

According to history, our cave-dwelling predecessors, the Neanderthals, went extinct for a reason–they couldn’t adapt to their changing environment. Maybe they wanted to, but they couldn’t and unfortunately, they didn’t. Eventually, they were replaced by us humans, of course, who were better able to adapt to changing weather, hunting patterns, Read More

Bank of Jamaica

Bank of Jamaica Calls for ‘Upgrade’ of Internal Audit at Financial Firms

On By IA360 Staff

Governor of Bank of Jamaica (BOJ), Richard Byles, says the central bank will continue to insist on the development of strong, capable and well-resourced internal audit functions in all financial institutions that the bank regulates, including commercial banks, merchant banks, building societies, and, in the near future, credit unions, securities Read More

RPA and internal audit

NIST Releases Risk Management Framework for Artificial Intelligence

On By IA360 Staff

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has released its Artificial Intelligence Risk Management Framework (AI RMF 1.0), a guidance document for voluntary use by organizations designing, developing, deploying, or using AI systems to help manage the many risks of AI technologies. The AI RMF Read More

Top Risks of 2023

Top Risks Companies Face in 2023 and Beyond

On By Joseph McCafferty

In the wake of a global pandemic, organizations are working to assess potential risks with a renewed urgency, given the disruption and severity that COVID-19 inflicted on businesses and society in general over the past few years. One of those organizations, the World Economic Forum, released its Global Risks Report Read More

Worst Words Internal auditors use

The Seven Worst Words Internal Auditors Use

On By Hal Garyn

Let’s face it. Internal audit still suffers from some rather negative stereotypes. There are plenty of companies or units where internal auditors are not welcomed with open arms. Audit clients may view internal audit with suspicion, expecting a “gotcha” mentality or may feel like they are under surveillance. Sure, it’s Read More

Anne Kiem, Chartered IIA

Chartered IIA Names Kiem as New CEO

On By IA360 Staff

The Chartered Institute of Internal Auditors, a professional organization for internal auditors in the United Kingdom and Ireland, has appointed Anne Kiem as its new chief executive. Kiem has extensive leadership experience in the business, educational, and non-profit sectors. She joined the Chartered IIA from the Chartered Association of Business Read More

Cybersecurity risk

Nearly Half of All Ransomware Attacks Target U.S. Companies

On By IA360 Staff

Companies based in the United States are the number one target for ransomware, with nearly half (46 percent) of all ransomware attacks happening there, new research by cybersecurity company NordLocker reveals. The study examined several databases of ransomware incidents that affected more than 5,000 companies worldwide. With a joint revenue Read More

setting audit priorities

What companies are putting on their 2023 internal audit plans.
Internal Audit ‘Hot Spots’ for 2023

On By Leslee McKnight

The past year concentrated attention and shone a spotlight on the increasing fragility of organizations. With a complex set of risks manifesting simultaneously, audit committees are prioritizing some of the most serious implications resulting from the ongoing war in Europe and a triple squeeze of supply chain, workforce and inflation Read More

PCAOB

IIA Fires Back at PCAOB Proposal Involving Internal Audit

On By IA360 Staff

The Institute of Internal Auditors (IIA) has expressed serious concerns regarding an internal auditor provision in the Public Company Accounting Oversight Board’s (PCAOB) recently published proposed standard, entitled: “The Auditor’s Use of Confirmation, and Other Proposed Amendments to PCAOB Standards.” The PCAOB’s proposed standard “unfairly and inaccurately places internal auditors Read More