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Internal Audit Must Step Up the Use of Data Analytics to Drive Risk-Informed Decisions

Audit Board

In a world full of systemic risks, data-enabled risk awareness is vital to support organisations in identifying how effectively these threats are being mitigated. . Systemic risks are now everywhere and internal audit must do everything it can to determine how well senior management understands the situation the organisation finds itself in.

Finance 52
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An AI-Powered Call to Action for Internal Audit

Audit Board

An April 2023 McKinsey Global Survey — only six months in — found 79% of respondents reporting exposure to generative AI, 22% regularly using it in their work, and 33% whose organizations were using it in at least one function. EU’s AI Act ; calls for US oversight ) and academic studies on the impacts are well underway.

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Internal Audit 101: Everything You Need to Know

Audit Board

The internal audit function is crucial to a company’s growth. Internal auditing examines and assesses company records, workflows, systems, and processes. The audit team’s ultimate goal is to be a highly valued business partner to other segments of the organization. What Is Internal Auditing ?

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7 Steps to Prepare Your Financial Services Audit Team for an Agile Transformation

Audit Board

Auditors in financial services face a broad spectrum of challenges as they tackle a dynamic and complex regulatory environment, rigid frameworks, and dated audit technology. A successful transition to agile auditing aids in overcoming these challenges and prepares the audit function for the rapidly evolving risk landscape of the future.

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Understanding the Internal Audit Value Chain to Enhance Performance

Audit Board

As internal auditors, we are experts at analysing process design, policy implementation, and project execution. We readily grasp the big picture and identify potential improvements to organisational governance, risk management, and internal control. Internal audit has its own value chain.

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How to Automate Monitoring and Reporting for IT General Controls

Audit Board

Leaders from Ernst & Young discuss the benefits of automated controls testing, what practical steps to take, and how to use AuditBoard to drive automation. Leaders from Ernst & Young discuss the benefits of automated controls testing, what practical steps to take, and how to use AuditBoard to drive automation.

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Kristen Sullivan of Deloitte Champions Integrating ESG Considerations Across the Business

Audit Board

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. Internal Auditors as Catalysts Driving Integration of ESG Considerations Across the Business.