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
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
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
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
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
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
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
In many ways, 2022 was a year of instability. Many individuals and organizations spent the year trying to put the pandemic, which had dominated every aspect of life in 2020 and 2021, behind them, even while still dealing with its lasting effects. Yet, the dark days that COVID-19 brought failed Read More
It is November 2022. You have just been appointed as the new Chief Audit Executive at Twitter. It is your first week at the social media heavyweight. You are walking through the company’s San Francisco headquarters on your way to an orientation group for new hires that you are supposed Read More
With businesses facing the strongest economic headwinds in years, the Chartered Institute of Internal Auditors is urging internal auditors to embrace data analytics to navigate more risky, uncertain, and volatile times ahead. To support their call to action the Chartered IIA, a professional organization for internal auditors in the U.K. Read More
