Internal auditors are trained to ask questions. So why do governance failures still occur in organizations with mature internal audit functions, established control frameworks, experienced auditors, risk registers, audit committees, and well-documented assurance processes? The conventional answer is that risks were missed. My research suggests something more uncomfortable. In many Read More
Fairness in artificial intelligence has moved from a technical topic to a governance responsibility. Regulators and investors now expect boards to identify who owns algorithmic risk, to understand how high‑impact models make decisions, and to show that monitoring is continuous. Internal audit is not expected to rebuild models. Its job Read More
The internal audit profession stands at an inflection point. While organizations increasingly operate through data-rich systems, automated workflows, and AI-enabled decision-making, many audit approaches remain grounded in manual sampling and retrospective control testing. The question is no longer whether internal audit should leverage data analytics, but whether it can remain Read More
Internal audit is under increasing pressure as the risk environment grows more complex and interconnected. Risk management has risen over 50 percent in importance among CEOs in the past year, reflecting the urgency for organizations to adapt. During the keynote address to Assurance leaders at the Gartner Enterprise Risk, Audit Read More
A new report issued jointly by the Internal Audit Foundation, Baker Tilly, and Wolters Kluwer TeamMate examines the evolution of risk management activities, highlighting the importance of strategic collaboration with internal audit without sacrificing independence. Drawing on the IIA’s Risk Research survey insights, the report is intended to identify opportunities Read More
Internal audit functions across North America are entering 2026 under mounting strain, as shrinking budgets and staffing constraints collide with expanding responsibilities and an increasingly complex risk environment. That is the central findings from the latest North American Pulse of Internal Audit Survey, released by The Internal Audit Foundation at Read More
Geopolitical uncertainty risk is rising rapidly, along with digital disruption, according to the Institute of Internal Auditors’ latest Risk in Focus research. The findings, based on feedback from more than 4,000 internal audit practitioners from 131 countries, found that risk ratings related to geopolitical uncertainty and technological advancements saw the sharpest Read More
In today’s increasingly data-driven business environment, internal audit teams are expected to go beyond traditional sample-based testing and embrace advanced analytics. By applying statistical tests, auditors can validate controls, detect anomalies, and provide deeper insights into organizational risk. Here are 10 statistical tests internal audit teams can incorporate into their Read More
A new research study finds that nearly half of all artificial intelligence projects fail, underperform, or are delayed, despite major investments in AI. The survey indicates that poor data readiness is the leading roadblock to AI execution, driving increased costs, stalled innovation, and lost revenue. The study was released by Read More
A new survey finds that internal auditors are increasingly leveraging artificial intelligence to complete audit work. The survey, conducted by global information and software company Wolters Kluwer, finds that 39 percent of internal auditors are already employing AI and a further 41 percent intend to adopt AI in the next 12 months. Read More
