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
TeamMate+ has tools to help audit teams on their journey to becoming more agile. SPONSORED ARTICLE In today’s fast-paced landscape, the risk environment is constantly changing. Strategic and operational risks are ever-evolving, driven either by external or internal factors (or both), causing risk exposure levels to escalate faster than ever Read More
The results of a new survey indicate that internal audit’s ongoing digital transformation could accelerate in 2021. The survey, conducted by AuditBoard and the Institute of Internal Auditors’ Internal Audit Foundation (IAF), finds that internal audit functions plan to increasingly adopt cloud-based software platforms. Nearly a quarter (22 percent) of Read More
With internal auditors increasingly pressured to boost the value they bring to their organizations, some are asking whether artificial intelligence (AI) may help them meet this goal. Artificial intelligence, which leverages algorithms to identify and understand patterns and anomalies within data sets, can help internal auditors more efficiently identify areas Read More
GUEST BLOG POST Last spring, I read an article on using automation technologies, such as robotic process automation (RPA) and process mining, in internal audit. It was an eye-opening experience. In all fairness, I had not really put RPA into practice at that time. I had read about it and Read More
Despite global uncertainty, internal audit leaders believe their teams are well-positioned to weather the challenges presented by COVID-19 and help their organizations embrace digital transformation, according to a new report from Protiviti. Organizations whose internal audit functions had already implemented new technologies, tools, and methodologies before the onset of the 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
Is your company transacting in Bitcoin or using blockchain to secure the custody records of digital assets? Some new guidance from the AICPA could help you get a handle on auditing them. The American Institute of CPAs updated its practice guide Accounting and Auditing Digital Assets on July 17 with Read More
GUEST BLOG The most recent macroeconomic developments have had a dramatic impact on global markets, forcing directors and management to demonstrate the capability to make very complex decisions in a timely and incisive fashion. Increasingly, the complexity of the economic environment reaffirms how important it is that the decision-making process Read More
