Category: Featured

A selection of the feature articles on the home page of www.internalaudit360.com. These are the top articles we are currently featuring on the site.

Internal Audit Ethics

Ten Ways to Enhance Ethical Leadership in Internal Audit Departments

Ethics are a crucial component of every organization and are broadly defined as the values and principles that govern and shape behaviours and leadership. According to a recent study by Gallup, only 20 percent of employees surveyed strongly agreed that they trusted the leadership of their organization. Forbes estimates that Read More

IIA Releases Draft of Its Third-Party ‘Topical Requirement’

The Institute of Internal Auditors released a draft of its Third-Party “Topical Requirement.” The document provides a consistent and comprehensive approach to assessing the design and implementation of third-party governance, risk management, and control processes. It was developed with input from internal audit practitioners and stakeholders globally, says the IIA. Read More

Internal audit leaders say they are underfunded

Report: Nearly Half of All Internal Audit Functions Are Underfunded

A new report finds that many internal audit leaders say they don’t have the funds to sufficiently run their departments, even as many reported increases in funding. According to the 2025 North American Pulse of Internal Audit Survey, nearly half of respondents said their internal audit departments were either insufficiently Read More

PwC Logo

PwC Unit Penalized for Manipulating Compliance Reporting

The Public Company Accounting Oversight Board announced that PricewaterhouseCoopers Singapore agreed to pay $1.5 million for violations of PCAOB rules and quality control standards. The violations arose from the Firm’s failure to have appropriate policies and procedures over its Personal Independence Compliance Testing (PICT) process and to foster an appropriate ethical Read More

Some Radical Advice for Writing Better Internal Audit Reports

GUEST BLOG POST: Having read more than 4,000 internal audit reports over the years, I can honestly say I’ve never read a single one I’d wished was longer. Most of the time, I’m wishing it were over halfway through the so-called “executive summary.” Most internal auditors—and others—drafting audit reports completely Read More

Implementing AI in internal audit

CAE Responsibilities in Implementing Artificial Intelligence in Internal Audit

Every news feed, newspaper, magazine, and even social media feed is inundated with the latest trends purporting to simply demonstrate the ways in which businesses should implement artificial intelligence. There is a wealth of insights within these articles. There is also, however, a failure to grasp that one of the Read More

Using AI in AML programs

Four Strategic Ways AI Can Strengthen Your AML Program

Money laundering facilitates crime, threatens our national security, distorts markets, and has a devastating economic and social impact on citizens, according to the U.S. Department of the Treasury. Financial institutions are required to do their part to combat these threats. The Financial Crimes Enforcement Network (FinCEN), a bureau of the Read More

Using SPIKES in internal audit communication

Diagnosing Internal Audit Challenges: A Prescription for Tough Conversations

GUEST BLOG POST When I was recently describing my work as an internal auditor to my older brother, a medical doctor, we stumbled upon a striking similarity: both our professions benefit significantly when focusing on Emotional Quotient (EQ) the ability to navigate emotions intelligently—over Intelligence Quotient (IQ), which focuses on Read More

Crafting Memorable Internal Audit Reports with Storytelling Techniques

One of the most exciting aspects of parenthood is passing down the stories and books that shaped our childhoods. With little effort, we often recall our favorite stories and their memorable plots—like the heartwarming lessons from Charlotte’s Web or the playful risks in The Cat in the Hat. But consider Read More

Compliance

The IIA’s New Global Standards Take Effect

The Institute of Internal Auditors’ new Global Internal Audit Standards took effect on January 9, ushering in a new era in the practice of internal auditing. The Standards were first released in January of 2024 as part of the broader International Professional Practices Framework Evolution project. They provide a basis for Read More