There is a common joke among physicists that fusion energy is 30 years away … and always will be. You could say something similar about artificial intelligence (AI) and robots taking all our jobs. The risks of AI and robotics have been expressed vividly in science fiction by the likes Read More
While there are some exceptions, let’s face it: internal audit has typically lagged behind on embracing new technologies. Rarely are internal audit departments on the cutting edge of implementing such innovations as artificial intelligence, advanced data analytics, data visualization, robotic process automation, and other emerging technologies. But don’t just take Read More
Cyberattacks are among the most debilitating events that companies and other organizations can experience, and internal auditors and risk managers consistently rank them among the biggest risks to the business. They know that how companies respond and react to such attacks can be the difference between a small blip and Read More
A new report finds that despite the growth of digital risks, many risk management programs are not maturing quickly enough to keep pace. The study, 2022 Digital Risk Maturity Survey, conducted by AuditBoard—which provides audit, risk, and compliance management platforms—finds that while more than 90 percent of respondents have digital Read More
With technological advancements in the new millennium, internal auditors progressively enhanced the use of laptops, tablets, smartphones, data analytics tools, and web-based cloud applications for performing their in-scope agreed-upon procedures. A very recent emerging technological development that has surfaced for enhancing the effectiveness of the internal audit function is the Read More
If 2020 was the “Year of Covid,” 2021 will go down as a year of trying to return to normal. In many ways we did get back some semblance of normalcy, as kids returned to school, fans returned to sports venues, and shops and restaurants reopened. Yet, in many other Read More
The latest Global Knowledge Brief from The Institute of Internal Auditors and co-produced along with Workiva, “Embracing the Future: How technology helps audit teams stay ahead of the curve,” outlines how internal audit can benefit from pandemic-accelerated digital transformation. The report considers how internal audit can embrace the spirit of 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
The Institute of Internal Auditors has published a new guide to aid internal auditors in auditing business applications. It says the new guide will help internal auditors provide assurance and consulting services related to business applications. The practice guide also describes how to identify and assess the risks and standardized Read More
GUEST BLOG POST The Institute of Internal Auditors regularly publishes useful Global Technology Audit Guides (GTAGs), available to members on their website under Standards and Guidance. They are considered recommended rather than mandatory guidance for internal auditors. As part of that effort, the IIA recently published a second edition of Read More
