As the third line within the “Three Lines of Defense” governance model, internal audit must provide assurance over the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. Yet internal audit’s obligations don’t end there. The third-line responsibility also includes the mission to Read More
As the vaccination effort continues and hope is spreading that we might be nearing the end of the COVID-19 pandemic, it’s still too early to assess the long-term impact the past year of crisis will have on daily life, the economy, and—as it relates here—the internal audit profession. Now, a Read More
At the start of last year, no one could possibly have predicted how 2020 would play out, and how we all, individuals and organizations alike, would be dealing with one of the most disruptive forces to arise in most of our lifetimes. It’s a safe bet that “pandemic” wasn’t on Read More
A new report from Transparency International finds that corruption levels have increased around the world, including in some of the countries that have typically scored well, such as Canada, Australia, and the United States. Indeed, among the top 25 least corrupt countries, according to TI’s Corruption Perception Index (CPI), 15 Read More
W ith so many people working from home or remotely during the pandemic for an extended time, it is logical to question if this environment has influenced the corporate culture. A new poll from AdapGility Consulting attempts to answer this question. The results show a very mixed view of how Read More
Amidst a wide range of challenges in 2020, including a global pandemic and social unrest, cybersecurity and data security risks remain top-of-mind for chief audit executives and audit committee members in Europe, the annual Risk in Focus survey from the Chartered Institute of Internal Auditors (IIA) finds. For the third Read More
Furloughs and redeployments during the COVID-19 pandemic and resulting lockdowns are wreaking havoc on the work of internal auditors in the United Kingdom and Ireland, a new survey conducted by the Chartered Institute of Internal Auditors finds. Chartered IIA surveyed more than 225 chief audit executives to assess the impact Read More
Internal audit leaders need to look to the future and improve adopting next-generation auditing techniques, a new Protiviti survey found. Protiviti’s 2020 internal audit capabilities and needs survey “Exploring the Next Generation of Internal Auditing,” examines the competencies of nearly 780 chief audit executives and internal audit leaders in the Read More
With technology on the rise, blockchain has become an area of interest for companies looking to use the technology to bolster their own internal control systems. The Commission of Sponsoring Organizations of the Treadway Commission (COSO), a joint-association of which the Institute of Internal Auditors is a member, has released Read More
As the coronavirus pandemic continues to ravage the economy, companies have had to pivot their strategies and adapt to the challenges that the virus has surfaced. To assess how organizations are handling this crisis from an audit perspective, the Institute of Internal Auditors conducted a survey of the responses by Read More
