Audit Board

JANUARY 2, 2023

My tradition for the past several years has been to embrace my first blog of the year as an opportunity to set out timely, issues-focused New Year’s resolutions for our profession. When identifying strategies to help you increase internal audit’s impact in 2023, where better to begin? Our focus must be on the risks. .

Compliance 88

Compliance Technology 88

Internal Audit 360

APRIL 13, 2023

GUEST BLOG Editor’s Note: The views expressed here are the opinions of the author. I n March, the Institute of Internal Auditors released a draft version of an overhaul of its professional practice standards and framework that intend to guide the behavior and actions of internal auditors as they carry out their work.

Start-ups 110

Start-ups 110

Audit Board

SEPTEMBER 13, 2023

Whether it be a wash-up meeting, detailed report, or chat by the water cooler with other departments, internal auditors must translate the lessons learnt in times of crisis to fortify their organisation’s resilience in the face of any future crises. In short, internal audit must be on the ball during times of growth.

Technology 52

Technology 52

Internal Audit 360

APRIL 14, 2022

T he recent evolution of the Three Lines model underscores the idea that internal audit must work to create and protect business value. In such situations, internal audit has a unique opportunity to create value by assessing how management governs such transformation.

Start-ups 98

Start-ups 98

Audit Board

APRIL 30, 2022

Over the years, I have heard many audit leaders describe the stakeholders in their organizations as customers or clients. As internal auditors, our job is to set clear expectations based on the clients’ priorities and then deliver our services to our best ability. Taking a Client Service Approach to Internal Audit.

Marketability 98

Marketability 98

Audit Board

OCTOBER 16, 2023

The successful deployment of audit analytics can lead to more accurate testing, automation of audit workflow processes, and overall improved audit efficiency. 68% of CAEs would invest in more analytics if they had the resources ( The Institute of Internal Auditors’ (IIA) 2022 North American Pulse of Internal Audit Survey ).

Technology 52

Technology Compliance Marketability 52

Audit Board

SEPTEMBER 28, 2022

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. . Heather Acker shares how Baker Tilly uncovers the next generation of internal audit talent.

Technology 98

Technology Compliance Marketability 98

Audit Board

MAY 31, 2023

Creating an internal audit function early in your company’s history can bring significant long-term benefits. Every company, especially private companies and startups, can benefit from the specialized skills internal auditors bring to the business and the culture of control they can help establish.

Start-ups 52

Start-ups Compliance 52

Internal Audit 360

OCTOBER 11, 2022

GUEST BLOG. dropcap]O[/dropcap]ver my long career, I have often heard, in one form or another, the phrase: “You just can’t audit that!”. The first time I heard it came when I was an internal audit manager for a financial institution. Internal auditors can easily be underestimated.

Compliance 98

Compliance Marketability 98

Audit Board

JANUARY 25, 2023

It doesn’t take much digging to place the blame squarely on bad corporate culture, which can demolish a company and destroy its value. We have once again witnessed wealth destruction on a massive scale because a company didn’t regard culture, governance, risk management, or internal controls as important.

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Audit Board

JULY 5, 2023

Navigating economic uncertainty is a formidable challenge that demands resilience and adaptability from internal audit professionals of all industries. Additionally, it is paramount for internal auditors to grasp the organisation’s vital inputs and their vulnerability to economic volatility.

Banking 52

Banking Finance Marketability 52

Audit Board

NOVEMBER 28, 2022

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. Audit Analytics Are in Use, but Maturity Is Low. Failure to do so will mean internal audit is in danger of quickly losing relevance. .

Finance 52

Finance Marketability 52

Internal Audit 360

DECEMBER 22, 2022

From an internal audit perspective, it meant focusing on helping to make those organizations more resilient in the face of uncertainty and rapid change. As we look back on the top internal audit articles of 2022, we see many of these themes emerging in the articles that ranked the highest among you, our readers.

Start-ups 98

Start-ups Compliance 98

Audit Board

JUNE 29, 2023

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. There’s a real merit at the moment for internal auditors and also for the profession.

Start-ups 52

Start-ups Compliance Technology 52

Audit Board

JANUARY 31, 2023

Recent research by the Chartered IIA (CIIA) and AuditBoard found that while many internal audit teams are using some data analytics, program maturity is low. This is a short-sighted view that will inevitably create a widening gulf between the value delivered by internal audit functions who invest in data analytics and those who don’t.

Data Analysis 52

Data Analysis Finance Technology 52

Audit Board

JULY 13, 2023

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. Risks can impact the timeliness, quality, relevance, and overall value of our work.

Start-ups 52

Start-ups Technology 52

Audit Board

AUGUST 29, 2022

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. Marketing audit’s consultative services to earn a seat at the table and make positive change in the organization.

Start-ups 52

Start-ups Finance Technology Marketability 52

Internal Audit 360

MAY 8, 2023

C ontinuing a long-standing tradition that started in the 1990s, the internal audit community is observing “International Internal Audit Awareness Month” this May. Members of the internal audit community are celebrating the profession all during the month of May.

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ThomsonReuters

SEPTEMBER 25, 2023

According to the new report, “Future of Professionals”, 59% of tax and accounting professionals working at firms cited productivity as their top priority, and 55% selected internal efficiency as one of their top priorities. This expectation can be met by automating and improving various aspects of communication and service delivery.

Compliance 104

Compliance 104

Audit Board

APRIL 27, 2023

The internal audit function is crucial to a company’s growth. Objectively evaluating risks, analyzing and assessing processes and systems for efficiencies, doing spot-checks for as-yet-unknown issues, and keeping departments aligned and meeting business objectives are all important ways that auditors can bring value.

Compliance 52

Compliance Start-ups Technology Finance 52

Audit Board

JULY 27, 2022

Chief audit executives are in a unique position. As the head of a critical independent oversight function of an organization, the CAE operates within the typical leadership structure of the organization, but reports directly to the audit committee. . Four Ways CAEs Can Promote a Risk-Based Audit Committee Meeting.

Compliance 89

Compliance Technology 89

Internal Audit 360

SEPTEMBER 27, 2023

A mong the most difficult factors to consider before and during an internal audit is its scope, or the boundaries and objectives of the audit. Set too wide and internal auditors can feel like they are trying to boil the ocean. Done right, it can provide a roadmap for internal auditors to follow.

Compliance 52

Compliance Start-ups 52

Audit Board

AUGUST 16, 2023

In times of economic crisis, business leadership must lean on the guidance and insights of its audit, risk, and compliance professionals to make decisions that protect value. There are a number of measures internal auditors can take to provide extra risk assurance to the business during periods of economic volatility.

Compliance 52

Compliance Marketability 52

Audit Board

MARCH 31, 2023

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. What is your view on internal auditors as agents of change?

Start-ups 52

Start-ups 52

Audit Board

OCTOBER 23, 2023

Orient Your Mandate to Better Manage Risk From whatever perspective that you’re reading this, “orient” is a critical first step to understand the scope of risks you’re assessing and your function’s mandate with respect to managing those risks. Each function independently assesses through its lens and shares the output across the three lines.

Compliance 64

Compliance Specific Risk Technology 64

Audit Board

MARCH 7, 2023

After much anticipation, The IIA has released a revised set of professional standards for the practice of internal audit for public exposure and comment. There is even a proposed change of name for the Standards to Global Internal Audit Standards. Core Principles for the Professional Practice of Internal Auditing.

Start-ups 52

Start-ups Technology 52

Audit Board

NOVEMBER 28, 2023

With Supply Chain ESG Risks: Harnessing the Potential of Internal Audit , AuditBoard has collaborated with the Chartered IIA to highlight the role of internal audit in aligning supply chain operations with ESG values, targets, and overall business strategies. Download the free guide here.

Technology 52

Technology Compliance Marketability 52

Audit Board

SEPTEMBER 28, 2023

Since 2016, the European Confederation of Institutes of Internal Auditing’s (ECIIA’s) annual Risk in Focus report has sought to help Chief Audit Executives (CAEs) understand how their peers view today’s risk landscape as they prepare their forthcoming audit plans for the year ahead.

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Marketability Market Risk Technology 52

Audit Board

SEPTEMBER 12, 2023

While boards and executive teams typically don’t see SOX compliance as an opportune area for innovation, a growing number of organizations are investing in automation and advanced technology tools to support their SOX activities — with great value-added benefits.

Compliance 52

Compliance Technology 52

Audit Board

SEPTEMBER 21, 2022

Recessions come and go as part of the regular economic cycles — but internal audit must position itself to continue the critical work we do within our organizations. Recessions come and go as part of the regular economic cycles — but internal audit must position itself to continue the critical work we do within our organizations.

Start-ups 52

Start-ups Marketability 52

Audit Board

SEPTEMBER 30, 2022

The internal audit profession is at a crossroads. Signs that internal audit is heading toward a bright future , including resilient resources and cultivating a diversity of skills. . Signs that internal audit is heading toward a bright future , including resilient resources and cultivating a diversity of skills. .

Start-ups 52

Start-ups Technology Compliance Data Analysis 52

Audit Board

AUGUST 29, 2023

Risk managers and internal auditors are charged to assess risk, and to advise management and the board on the overall effectiveness of the organization’s ability to manage risk. This article queues up some of the imperatives that must be top of mind for risk and audit professionals as they set their priorities for 2024.

Technology 52

Technology Compliance Start-ups Banking 52

Audit Board

SEPTEMBER 20, 2023

Internal control over financial reporting, shortened to ICFR, consists of those controls that support and enforce the accuracy, reliability, and integrity of a company’s financial statements. What Does Internal Control Over Financial Reporting (ICFR) Mean? What Does Internal Control Over Financial Reporting (ICFR) Mean?

Compliance 52

Compliance Technology Start-ups Accounting Firms 52

Audit Board

MARCH 29, 2022

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. How Snowflake’s Internal Audit Team Leverages Their Own Tech to Get Ahead of Risk.

Technology 52

Technology Compliance 52

Audit Board

MAY 2, 2023

Internal audit, as an objective third line of assurance, plays an integral role by providing assurance surrounding the accuracy and reliability of a company’s ESG reporting. By conducting thorough reviews and assessments, internal auditors can identify areas of risk and provide recommendations to strengthen ESG reporting.

Compliance 52

Compliance Equity 52

Audit Board

SEPTEMBER 7, 2023

They feel an increasing urgency to get in place the people, processes, controls, and technologies needed to support reliable, up-to-date, accessible, and auditable ESG reporting. How does the role fit with ESG’s cross-functional context? While a leader can set a vision and strategy, only a cross-functional team can deliver it.

Compliance 52

Compliance Start-ups Specific Risk Marketability 52

Internal Audit 360

OCTOBER 11, 2022

GUEST BLOG. O ver my long career, I have often heard, in one form or another, the phrase: “You just can’t audit that!”. The first time I heard it came when I was an internal audit manager for a financial institution. I had one of my team (who had recently completed a class in operational auditing) perform the audit.

Compliance 52

Compliance Marketability 52