The internal audit profession faces stiff competition for talent, especially talent capable of addressing a broadening array of risks and well-versed in emerging technologies that can drive the function into the future, according to a recent survey. Protiviti’s 2023 Next-Generation Internal Audit Survey found that 43 percent of chief audit 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
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
Internal audit leaders may feel like their departments are being stretched thin these days—well, even thinner than usual. New research suggest that internal audit budgets have been cut at many companies, even as the function is facing an expanded workload. The pandemic has exposed new and heightened risks that need Read More
A new study finds that rapid transformation to the digital economy is putting a strain on control systems within organizations. The speed and intensity of changes, brought by the COVID-19 pandemic and rapid shifts in the economy, have disrupted staffing and increased the adoption of advanced technology, which has impacted Read More
If the last few years have shown us anything, it’s that we must be ready for the unexpected. From the disruptions of the global pandemic to soaring inflation, from political scandals to a war of aggression in Ukraine—life as we know it is changing. The public sector doesn’t exist in Read More
A new report finds that despite the growth of digital risks, many risk management programs are not maturing quickly enough to keep pace. The study, 2022 Digital Risk Maturity Survey, conducted by AuditBoard—which provides audit, risk, and compliance management platforms—finds that while more than 90 percent of respondents have digital Read More
A new study finds that organizations are reporting increases in cyber fraud and phishing scams due to rapidly changing work practices as a result of the pandemic. It also found that companies are improving internal controls and providing new resources to internal audit to fight such fraud and they are Read More
A new survey on the state of the internal audit profession finds that companies are slightly investing in internal audit again and working to return to normal on the back end—fingers crossed—of the pandemic. The overall message of the report may well be that only incremental change has come to Read More
The increasing number of organizational failures in government and non-government sectors have resulted in major reforms in corporate governance codes and practices worldwide. The reforms, such as the Sarbanes Oxley Act in 2002 and The Cadbury Report in 1992, focused mainly on enhancing transparency, accountability, and responsibility at various organizational Read More
