The Institute of Internal Auditors has released a long-awaited update to its Global Internal Audit Standards, which provide a set of principles to guide internal auditors in the course of their work. The new standards impact businesses of all sizes, industries, and geographic regions. The IIA says they were designed 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 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
The U.K. government has retreated from planned efforts to overhaul public audit rules that were promised to help prevent corporate scandals such as those at Carillion, BHS, and Patisserie Valerie from repeating. Last week in a speech to open Parliament, King Charles omitted mention of an audit reform bill from Read More
The Institute of Internal Auditors’ Internal Auditor magazine has announced its “2023 Emerging Leaders” list — featuring an eclectic group of 15 individuals in the internal audit space that it says are, “poised to redefine the future of internal auditing during a period of unprecedented change.” “This year’s Emerging Leaders Read More
As the scale of emerging technology risks facing companies continue to multiply, IT auditors play a key role in identifying these threats and helping their organizations to navigate them. A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up Read More
A new survey of internal audit leaders on global risks finds that Cybersecurity (73 percent), human capital issues (51 percent), and business continuity (47 percent) are the most prevalent risks across the globe. The study, conducted by the Internal Audit Foundation, part of The Institute of Internal Auditors (IIA), surveyed Read More
Compliance leaders are facing increased pressure to make the most of existing resources due to economic challenges and increased workload and complexity, according to a new report. The study, conducted by research and consulting firm Gartner, identifies three crucial compliance function trends playing out this year: tighter budgets, changing labor Read More
Legal and compliance department investment in governance, risk, and compliance tools will increase 50 percent by 2026, according to research firm Gartner. Assurance leaders are seeking out technology solutions to help them address increasing regulatory attention on executive risk oversight and monitoring. “Recent actions ranging from the U.S. Securities and Read More
Chief audit executives (CAEs) have identified risk orientation, stakeholder management, and team leadership as the top three characteristics of the most effective individuals, according to a survey by Gartner. In April 2023, Gartner surveyed 114 CAEs across 180 areas to identify the most important measures of an effective CAE, and Read More
