The new Global Internal Auditing Standards are here! (Well, almost here at the time of this writing.) The Institute of Internal Auditors (IIA) plans to release the new Standards in the coming days, likely sometime next week. When I thought of what I wanted to say for this article, I Read More
In this fast-changing business world, the role of the internal auditor has become increasingly complex. Today, they face not only traditional challenges of fraud detection and financial accuracy but also the daunting task of navigating a digital world where data reigns supreme. To thrive in this age of disruption, driven Read More
In the relentless chess match between defenders and attackers on IT systems, traditional security solutions are beginning to show their fatigue. Static rules and signatures miss evolving threats, while broad-brush defenses often sacrifice performance for security. Enter Context-Sensitive Defense (CSD), a new frontier in cybersecurity that promises to adapt and Read More
There’s a palpable concern for the future among internal auditors. I wouldn’t quite call it anxiety, but there’s certainly some underlying angst about how the next few years will play out for internal auditors. There’s consternation, for sure, over how things like artificial intelligence, increasing digitalization, the data of everything, 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
Internal audit reports play a crucial role in ensuring organizational governance and driving improvement. However, crafting reports that are clear, concise, and impactful can be a challenging task. This guide equips you with the knowledge and tools necessary to transform your internal audit reports from mere documentation to powerful catalysts Read More
The term “AI washing” has emerged as a major concern in recent years, paralleling the previously established concept of “greenwashing.” Just as greenwashing involves misleading claims about a company’s environmental practices, AI washing involves exaggerating or falsifying the use of artificial intelligence (AI) in products, services, or processes. This poses Read More
“Internal Audit is not staffed to manage the Ethics Hotline” That’s one of the messages in a recent report from the City of Brampton department responsible for accountability in Canada’s ninth largest municipality. It is understaffed, the latest problem for the troubled internal audit function which fell under the control Read More
GUEST BLOG POST As internal auditors, we provide assurance, advice, and insight on the system of internal controls over the more significant risks to enterprise objectives. Internal controls provide the basis, the foundation, on which management and the board rely as they manage and direct the organization to success. The Read More
A new study finds that internal audit teams may be dedicating too few resources to some of the top risks that organizations face and that the misalignment is likely to continue into the future. The report, 2024 Focus on the Future, conducted by AuditBoard, a provider of cloud-based platforms for Read More
