Tag: technology

Poor Data Readiness Is Plaguing Corporate AI Projects

A new research study finds that nearly half of all artificial intelligence projects fail, underperform, or are delayed, despite major investments in AI. The survey indicates that poor data readiness is the leading roadblock to AI execution, driving increased costs, stalled innovation, and lost revenue. The study was released by Read More

Implementing AI in internal audit

ISACA Launches First Advanced AI Audit Certification

Artificial Intelligence literacy tops the list of the 15 fastest-growing skills professionals need to stay competitive in today’s environment, according to a new LinkedIn report. Designed to meet the needs of audit professionals who are facing an evolving tech and compliance landscape with AI at the forefront, ISACA has introduced Read More

Survey: Internal Audit Use of Artificial Intelligence Growing Rapidly

A new survey finds that internal auditors are increasingly leveraging artificial intelligence to complete audit work. The survey, conducted by global information and software company Wolters Kluwer, finds that 39 percent of internal auditors are already employing AI and a further 41 percent intend to adopt AI in the next 12 months. 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

CAEs face board scrutiny

Chief Audit Execs Will Face Increased Board Scrutiny in 2025

W ith the rise of AI and regulatory uncertainty, Chief Audit Executives (CAEs) are expected to face mounting pressure from the board to address emerging risks and strengthen mitigation efforts. According to Gartner, a technological research and consulting firm, as AI has emerged as both a valuable business asset and Read More

Internal audit and cloud computing

What Internal Audit Needs to Know About Cloud Computing

Cloud computing, of course, is not a recent development. Organizations have been increasingly putting more and more of their sensitive data in the “cloud” for the last several years. More recently, though, many organizations are relying on it almost exclusively for their computing needs, entrusting the cloud not only with Read More

Internal Audit tech spending to rise

Report: Internal Audit Could Double Tech Spend by 2027

A new report predicts that assurance and compliance functions could double the amount they spend on new technology by 2027. According to the research, issued by Gartner Inc., generative AI, machine learning, and large language models will fuel a surge in spending by compliance, risk management, and internal audit functions. Read More

Robot in a hacker hoodie

Survey: 58 Percent of European CAEs Say AI Heightens Fraud Risk

With the rise of artificial intelligence (AI) rapidly revolutionizing how we do business and live our everyday lives, Chief Internal Auditors are becoming increasingly concerned that cyber-criminals are likely to weaponize the technology to commit bigger, more sophisticated and more dangerous crimes. New research has found that 78 percent of Read More

Business Intelligence Tools

Leveraging Business Intelligence Tools for Risk Analytics in the Financial Sector

In today’s business environment, where risks continuously evolve and market dynamics constantly fluctuate, effective risk management is critical for financial institutions striving for stability and growth. Amidst such a challenging atmosphere, business intelligence (BI) tools have emerged as indispensable assets, revolutionizing the way risk analytics is conducted in the financial Read More

Internal audit trends

Report: Companies Increasing Internal Audit Budgets, Staff

A new survey finds that internal audit departments are generally increasing their budgets and adding more staff. According to the survey, conducted by the Institute of Internal Audit’s Internal Audit Foundation, 36 percent of internal audit departments said they had increased their budget last year, compared to 13 percent who Read More