A new report from consulting firm Protiviti takes a close look at several companies’ audit departments as they attempt to adopt new technologies or help the business through digital transformation. The publication highlights the achievements of such companies as Accenture, Conservas La Costeña, Heineken, JP Morgan Chase, Juniper Network, Panera Read More
The tops risks that chief audit executives face, as identified by a new report, are likely to be familiar foes for most internal audit leaders. Chief audit executives (CAEs) are unlikely to be alarmed by a new report listing the top five risks confronting internal audit; they’ve been battling them Read More
For years, auditors have used interviews and workshops to conduct successful company assessments. As more businesses become digitized, auditors need to blend those traditional techniques with a more data-driven approaches. In the face of higher expectations for accuracy, internal audit departments need to take note: big data is changing the Read More
The European Union’s General Data Protection Regulation (GDPR) takes effect on May 25, and it represents a significant new legal regime for protecting personal data that will impact organizations worldwide. GDPR establishes standards governing the collection, use, storage and destruction of personal data of EU residents. It replaces the 1995 Read More
New survey results from the Ponemon Institute are likely to send shivers down the spines of IT auditors, cybersecurity professionals, and risk managers. The alarming results say companies are losing the battle to protect digital assets and intellectual property from hackers and online thieves. Here’s the lowlights: A whopping 82 Read More
A team from the University of Arizona and its Eller College of Management took home first place in the 2018 National Audit Innovation Campus Challenge, held by Deloitte. The winning submission centered on a “recommendation to enter the market of auditing corporate sustainability reports in anticipation of potential regulatory guidance” Read More
Many audit committees, boards and management teams now expect internal audit to advise management on key issues, anticipate risks, and be more forward looking. “As new businesses are created and old ones spun off, processes evolve, technologies are adopted, and regulatory demands fluctuate, the internal audit function must develop new Read More
Blockchain has recently become a topic of major concern to internal auditors. And while there is a lot of hype around blockchain, many internal auditors are just starting to ask basic questions: What is it? What can it do? How can it be used? Is it really as unhackable as Read More
Robert Rudloff, senior vice president of internal audit at MGM Resorts International, has spent 38 years honing his craft as an internal auditor and leads a 100 person team at the hotel and gaming giant. During that time he has seen rapid change in the profession and has led numerous Read More
A trio of internal audit studies published recently indicate that internal audit departments in the United States have a big technology problem. Internal audit is generally behind the times when it comes to adopting leading-edge technology, the reports find. The studies shed some needed light—along with some dire warnings—on why Read More
