IIA to Push More Flexible Internal Audit Planning
Image: The Institute of Internal Auditors will unveil an overhaul of its professional practices framework this summer, including a push for audit executives to be more flexible in their audit planning. Whether that means a “rolling audit plan,” contingency funds for surprise risks, or other methods, many say the idea’s ...
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Q&A: Coping with the speed of change within internal audit
Image: As the world of internal audit is swiftly changing, Doug Anderson, former corporate auditor for Dow Chemical and new managing director for CAE solutions for the Institute of Internal Auditors, speaks to the challenges of helping to drive internal audit to be more forward-looking, how to properly harness the ...
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New IIA Framework Pushes Audit Executives to Think Forward
Image: The Institute of Internal Auditors has unveiled its new professional practices framework, guidance intended to drive auditors to think more critically about risk management and organizational improvement. “It’s about making sure we understand the changes taking place in business and learning to use those to our advantage,” says Larry ...
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ArticlePCAOB’s Christina Ho: How emerging technologies could improve audit quality
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.