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
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
In the current business environment, senior management is asking some internal audit functions to do more work that resembles quality assurance. There are several reasons for this, but generally those reasons fall under the heading of business process disruption in one form or another. These may be disruptions to the Read More
As more Americans receive vaccinations and the rate of COVID-19 cases steadily declines, more companies are planning for employees to return to their offices. Even as they do, work promises to look different than it did before many started working from their dining room tables and basements. Perhaps nowhere is Read More
Democrats in the Senate have called on Google, and its parent company Alphabet, to conduct an internal audit on racial equity. The goal of the requested audit, according to Sen. Corey Booker (D-N.J.), would be to investigate how Google and its products may perpetuate racial bias. “We are concerned about Read More
The COVID-19 pandemic has affected many aspects of both professional and non-professional life, and its impact on internal audit has been unmistakable. In fact, a recent survey found that more than half of governance, risk management, compliance (GRC), and internal audit professionals say that their workload has increased significantly since Read More
AuditBoard, a cloud-based platform for managing audit, risk, and compliance programs, announced that it is partnering with former president and CEO of the Institute of Internal Auditors, Richard Chambers. He will hold the role of senior internal audit advisor at AuditBoard. “This relationship establishes a dynamic pairing of two industry Read More
The recent hack of the Colonial Pipeline, which has crippled the transmission of fuel in the Southeast United States, serves as a stark and alarming reminder to all businesses of the vulnerability of information systems to security breaches, hacks, and ransomware attacks. Over the last several years, most businesses have Read More
A common knock on internal audit is that, as a whole, it is slow to adopt new technologies to run its activities faster and more efficiently. Now a new report is putting some data behind such suppositions. According to a survey of internal audit leaders conducting by Protiviti, chief audit Read More
