Software provider AuditBoard is teaming up with the Institute of Internal Auditors to provide some relief for members of the internal audit profession who have been adversely affected by the coronavirus crisis. The two organizations announced the launch of a $500,000 scholarship program to provide access to training and educational Read More
Professional skepticism by auditors, finance professionals, and all participants in the financial reporting supply chain is crucial for the deterrence and detection of fraud, a new report from the Anti-Fraud Collaboration says. Organizations must critically assess potential fraud risks and be aware of potential biases that can lead to criminal Read More
Internal audit professional standards require each department to establish a risk-based internal audit plan. When focusing on the highest organizational risks, however, they are often likely to find a gap in the talents and skills needed to execute that plan. Although it may be tempting, ignoring risk-based audit projects when Read More
The Institute of Internal Auditors (IIA) is launching a new, comprehensive framework to support internal auditors pursuing professional development, as well as a new global survey to assess internal audit practitioners’ competency levels, the organization announced in a press release. The IIA’s Internal Audit Competency Framework provides career advancement direction Read More
There are few aspects of the chief audit executive (CAE) job that are more anxiety inducing than the executive session of a board or audit committee meeting. Audit leaders can often find themselves pulled in different directions, questioning their loyalties, and put in the precarious position of having to discuss Read More
Typically, internal auditors are marking their calendars and making travel arrangements at this time of year to attend a host of internal audit conferences, user forums, and seminars. This year things are different, of course, and few, if any, professional development events are taking place live. That doesn’t mean internal Read More
As the saying goes, “you can’t make an omelet without breaking a few eggs.” It’s likely an expression internal auditors have heard or even used themselves to characterize the tension that can result from auditing a particular function or process. The role of internal audit is to provide independent assurance 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
Working virtually means doing business differently, but it doesn’t mean that internal auditor development should stop. Team learning is as critical and attainable as ever. Developing the skills of the internal audit team is critical to executing the audit plan and contributing to auditor satisfaction. Internal auditors who feel their Read More
The Institute of Internal Auditors announced a new book, Ready and Relevant: Prepare to Audit What Matters Most, written by seasoned practitioner Tim Berichon. Described as the IIA’s version of “Audit This, Not That,” the book focuses on specific strategies, tactics, and examples to help auditors build and maintain an Read More
