Internal auditors are a rare breed. To perform well in their jobs, they must have a set of skills and characteristics that are typically uncommon in one person. For example, they need to be analytical with laser-like focus, while also being “people-persons” with great communication skills. They need to be Read More
These days an internal auditor is required to be a jack-of-all-trades. To complete the diverse set of audits that cover every facet of the organization, the internal audit team must collectively possess a vast array of skills that run the gamut from traditional financial talents to marketing, HR, and technology Read More
Are most internal audit reports the right length? For many consumers of audit reports in the executive suite and boardroom, the answer is probably that they’re “too long!” Audit reports may run to extraordinary lengths these days. For example, I recently talked to one organization where they could easily extend Read More
A new survey finds that many internal audit functions are not leveraging the latest technology to supercharge their internal audit activities. According to the report, from the Institute of Internal Auditors’ Internal Audit Foundation and Refinitiv, more than 50 percent of internal audit functions are not taking advantage of the Read More
One of the big outcomes of the last several months under the pandemic is that we have learned that work-from-anywhere models really do work. It’s always been a fallacy that workers are less productive from home—that they somehow are too sucked into watching The View, or too busy tending to Read More
We all know that internal auditors play a unique and complex role at the organizations where they work. They must serve many constituencies and customers, including the operating units they audit, the board and senior managers they report to, not to mention fellow employees, consumers, regulators, and citizens at large Read More
When you go to the doctor, do you want them to tell you what’s really wrong with you so that you can begin to treat the actual illness? Or are you content with that doctor only treating the symptoms, leaving the actual illness undiagnosed? Of course not. Well, issuing reportable Read More
The Information Commissioner’s Office, the United Kingdom’s independent authority established to uphold information rights in the public interest, has released beta guidance on managing artificial intelligence and data protection risks. The guidance, which the ICO calls a “toolkit,” contains risk statements to help organizations that are using AI to process Read More
Those who are practicing internal audit in the same way they were before the COVID-19 pandemic are in the minority, according to a new study. Between remote auditing, newly implemented technology, and a heightened focus on cybersecurity, internal audit has changed. Approximately 70 percent of auditors have had to change Read More
The Institute of Internal Auditors released a new Global Audit Technology Audit Guide on auditing identity and access management on Wednesday. “Auditing Identity and Access Management” discusses foundational topics of IAM that are intertwined with every organization’s IT governance, application controls, and general controls. The guide is designed to enable Read More
