All Internal Audit articles – Page 2

  • Blog post

    Internet of Things’ role in internal audit & compliance


    How can internal audit support disruptive opportunities while monitoring for emerging risks coming from the Internet of Things? Columnist Jose Tabuena discusses these challenges.

  • Blog post

    Even CAEs see need for change, latest poll shows


    It’s not just regulators or professional associations calling the internal audit profession to transformation. Even chief audit executives in the trenches recognize the internal audit function needs to evolve to remain relevant, according to a recent Deloitte study that surveyed 1,200 CAEs worldwide to get a pulse on the state ...

  • Blog post

    FERF report spotlights audit possibilities via technology


    For companies still struggling to get their arms around financial compliance, especially with respect to internal control over financial reporting, technology may provide the answer, according to the Financial Executives Research Foundation. Tammy Whitehouse reports.

  • Blog post

    Profession rolls out more guidance for internal audit


    Tammy Whitehouse explores new guidance and intelligence that has emerged recently on how internal audit can raise its game in the face of rising regulatory expectations and market demands.

  • Blog post

    Internal audit faces more change, technology, papers say


    A pair of recent white papers by Big 4 firms suggest transformation for the internal audit profession is far from finished. In, fact, some of the biggest changes in store for the profession may still be around the bend. EY focuses its attention specifically on internal auditors in financial services, ...

  • Blog post

    Internal audit: an unlikely driver for corporate culture


    As regulators such as FINRA increasingly view culture as a factor when determining wrongdoing and punishment, building a strong culture is taking center stage. Jose Tabuena reports.

  • Blog post

    ISACA provides guide to planning an information system audit


    Internal auditors looking to get more involved in information systems audits can turn to a new white paper titled Information Systems Auditing Tools and Techniques: Creating Audit Programs, from ISACA, a global global association of professionals focused on IS audit and control. The paper outlines five steps auditors should take ...

  • Blog post

    Internal audit intelligence calls for elevated service levels


    Image: At a recent Institute of Internal Auditors conference, audit executives heard the early returns from the annual IIA Common Body of Knowledge study that suggest North American audit stakeholders would welcome more help in identifying strategic risks. Brian Christensen, executive vice president at consulting firm Protiviti, which assisted with ...

  • Blog post

    IIA offers advice on talent management in new report


    Image: The Institute of Internal Auditors has issued a white paper to motivate staff auditors to tackle heightened expectations from audit stakeholders. It provides five strategies for performance management tailored to internal audit and promises to help CAEs set goals, retain talent, equip employees, assess performance, and respond to success. ...

  • Blog post

    Third-party risk is "next frontier" in cyber war, Home Depot IA leader says


    Third-party risk represents the “next frontier” in the ongoing cyber war, says Kelly Barrett vice president of internal audit and corporate compliance at Home Depot, where she navigated a cyber breach like it was “a blow to the head” and now tells the story of how the entity faced the ...

  • Blog post

    Cyber-security storms internal audit plans, poll finds


    A new survey from Protiviti of 1,300 internal audit professionals shows that companies have made big progress in the past year integrating cyber-security risk into internal audit plans. Nearly three out of every four organizations include cyber-security risk in their internal audit plans, according to the poll, up from only ...

  • Blog post

    Surveys, papers provide plenty of advice for internal auditors


    Image: In a survey from KPMG and Forbes of more than 400 CFOs and audit committee members nearly 60 percent said they would welcome help in assessing risks and risk-managing practices, but only 22 percent said they get that from internal audit; 36 percent said they would like to see ...

  • Blog post

    IIA calls for bold moves in latest "Pulse" report


    Internal audit leaders are becoming alarmed with their latest survey results that suggest the internal audit profession is not moving as nimbly as they’d like to address emerging business risks. A report from the Institute of Internal Auditors says 89 percent of organizations polled see prevention and education as the ...

  • Blog post

    IIA Seeks to Raise Bar on Internal Audit Practices


    The Institute of Internal Auditors is proposing a change to its professional practice standards to give internal auditors some new guidance in light of evolving business demands. The IIA says the proposed changes are focused on enhancing existing standards on communications and quality assurance, and creating new standards addressing objectivity ...

  • Blog post

    IIA Offers Latest Intelligence on Outsourcing Functions


    As talent and staffing challenges persist for the internal audit profession, 43 percent of public companies other than those in financial services reached outside the organization for help, according to the latest data from the Institute of Internal Auditors. Financial institutions, public and private alike, make the greatest use of ...

  • Blog post

    What Does Good Compliance Look Like? Internal Audit Can Help


    Board audit committees and compliance professionals should review new compliance guidance provided in a recent speech by assistant attorney general Leslie Caldwell, chief of the U.S. Department of Justice’s Criminal Division. Along with the DoJ’s appointment of a “compliance counsel” this guidance presented so-called “metrics” to apply when evaluating programs ...

  • Blog post

    IT Audit Executives Struggle With Pace of Change, Survey Shows


    Image: Rapid innovation, disruption, and growth in cyber-security risks are the biggest technology challenges for IT auditors, a survey from ISACA and Protiviti says. Managing Director David Brand says, “IT audit professionals have recognized the need to grow their knowledge and expertise while also updating their policies, processes, people, and ...

  • Blog post

    Internal Audit Needs to Better Measure Performance, IIA Says


    Internal audit departments might better demonstrate the value they bring to public companies if they had a more robust way of measuring their own performance.

  • Blog post

    Managing Outside Counsel: How Internal Audit Can Assist


    Litigation and compliance risk brings something else beyond headaches: legal fees. The internal audit team can help there, even with tricky tasks such as monitoring the performance of outside counsel while they conduct an investigation. Inside, columnist Jose Tabuena offers recommendations on benchmarking what internal audit can do, analytics to ...

  • Blog post

    Cooper Standard Appoints VP of Internal Audit and Compliance


    Cooper-Standard Holdings, the parent company of Cooper-Standard Automotive, announced this month that it has appointed Peter Brusate to vice president of internal audit and compliance, effective Oct. 12. In this position, Brusate will oversee Cooper Standard's global internal audit and compliance activities. Details inside.