A new report out from the Institute of Internal Auditors’ research arm provides some needed insight on how internal audit can better align itself with the rapidly changing strategic direction of the company. The research, conducted by the IIA’s Internal Audit Foundation, finds that while internal audit has made some Read More
A new survey of the top risks that most concern chief internal auditors finds that cybersecurity and data privacy are among the issues that still cause the most headaches for company officials. The research, conducted by the Chartered Institute of Internal Auditors and based on responses from more than 300 Read More
The Institute of Internal Auditors issued a new guide on insider threat programs that is designed help internal auditors understand insider threats and related risks by providing an overview of common traits of main players, key risks, and potential impacts. The guide also covers security frameworks, techniques, considerations, and resources Read More
The European Union’s new data privacy rules have been in effect for more than two months now, yet many companies haven’t done much to ensure they are abiding by them, according to a recent survey. The poll, conducted by Deloitte during a webcast in late June, found that only about Read More
There’s no debate about the value of using open source software (OSS) when building new business applications—cost, flexibility, quality and ease of use, to name a few—but its use comes with legal obligations and security vulnerabilities that can pose significant risks to organizations. To effectively pre-empt such risks, proactive OSS Read More
A new study from Deloitte indicates that it might be time to audit the crisis management plan. The study based on responses of 523 senior executives involved in risk, crisis management, and business continuity finds just 17 percent say their organizations have tested their crisis response plans. That’s way to Read More
A definitive guide to producing, using, and improving a risk heat map at your organization. A good risk assessment is an important part of the process of putting together a solid internal audit plan. But gathering risk information from throughout the company and organizing it into manageable and actionable material Read More
The global internal audit services market was valued at $33.6 billion in 2017. North America was the largest geographic region accounting for $12.3 billion or 36.7 percent of the global market. Of that, the United States was the largest country accounting for $9.9 billion or 29.4 percent of the global Read More
Internal audit departments are taking advantage of technological advances to offer more accurate audits and better insight into complex process, often with less time and work to complete them. Many internal audit departments are using data analytics, agile, automated processes, and other technology to improve the previously manual approach for Read More
The latest Global Internal Audit Common Body of Knowledge (CBOK) Stakeholder Study report, Auditing Strategic Risks: Practical Insights from Internal Audit Leaders, reveals that nearly two-thirds (64 percent) of stakeholders want internal audit to take a more active role in strategic risks. Many chief audit executives are reporting they are Read More
