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Ia Mag

The Lottery Loser

A credit union CEO's alleged multi-million-dollar theft spotlights the need for financial controls over executives. The Lottery Loser A credit union CEO's alleged multi-million-dollar

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Ia Mag Jun 12, 2023

Auditors in the Hot Seat

Regulators hold auditors accountable for risk failures. Auditors in the Hot Seat Could internal auditors be fined or face enforcement action for failing to address risks? Could internal auditors

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Ia Mag Aug 31, 2023

Online Exclusive: Looking Back on PPP Loans

The PPP program struggled with fraud and risks. Online Exclusive: Looking Back on PPP Loans The U.S. small business loan program provided a lifeline for companies during the pandemic but

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Ia Mag Dec 11, 2023

Boardroom: Wanted: A Better Approach to Assessing Risks

Regulators press for broader risk assessments. Boardroom: Wanted: A Better Approach to Assessing Risks Regulators urge broader risk assessment beyond financial reporting, highlighting root causes

Ia Mag Jan 27, 2021

On the Frontlines: Increasing Internal Audit's Influence With Monte Carlo Analysis

A simulation model can give internal audit a predictive tool for evaluating and communicating about the organization's risks. On the Frontlines: Increasing Internal Audit's Influence With

Ia Mag Dec 16, 2021

Mind of Jacka: Remember the 98 Account

A reminder not to let the pendulum swing too far. Remember the 98 Account Sometimes looking back into the past will give you ideas for the future. A reminder not to let the pendulum swing

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Ia Mag

Financial Reporting During the Pandemic

A new study spotlights how the crisis is impacting financial misstatement risks and internal control audits. Financial Reporting During the Pandemic A new study spotlights how the crisis is

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Ia Mag

Guilt by Association

A membership organization pays a hefty price after handing over too much control to its management company. Guilt by Association A membership organization pays a hefty price after handing over

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Ia Mag

Faking the Winning Ticket

In the high-stakes world of lotteries, regulators and operators need stronger controls against fraudulent schemes. Faking the Winning Ticket In the high-stakes world of lotteries, regulators and

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Ia Mag

Auditing Credit Risk in the Fintech Era

Financial technology provides unique challenges to internal auditors around data, fraud, platforms, and credit risk. Auditing Credit Risk in the Fintech Era Financial technology provides unique

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Ia Mag

The IT Audit Circle

IT audits provide assurance over controls' protections. The IT Audit Circle IT audits provide assurance that IT controls are protecting the organization from costly threats. IT audits

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Ia Mag Dec 11, 2023

The Knowledge Audit

Two types of knowledge organizations must manage. The Knowledge Audit Mishandling information and expertise shows why managing knowledge well matters in organizations. By categorizing and

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Ia Mag Jun 24, 2022

The Financial Sector’s Crypto Future

Financial institutions find their place with cryptocurriencies. The Financial Sector’s Crypto Future Internal audit's risk insights can help financial institutions find their place with

Ia Mag Jan 18, 2022

Building a Better Auditor: When Faith Meets Fraud

Houses of worship are not immune to fraud. Building a Better Auditor: When Faith Meets Fraud Within churches, temples, and mosques, there is an opportunity for internal auditors to introduce the

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Ia Mag

Municipal Misappropriation

By exploiting legacy system knowledge, a key finance employee siphons county funds to his personal account. Municipal Misappropriation By exploiting legacy system knowledge, a key finance

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Ia Mag Aug 12, 2024

Update: Plugging Leaks

Employees may be accidentally leaking data. Update: Plugging Leaks Read timely perspectives on AI risks at work, corporate silence, and noncompete clauses. Employees using AI with

Ia Mag May 09, 2023

Building a Better Auditor: The Right Hand of Management

May is Internal Audit Awareness Month. Building a Better Auditor: The Right Hand of Management Use this month to help spread the word on the value of internal audit. During the month of May and

Ia Mag Jun 08, 2021

Building a Better Auditor: Expanding Your Internal Audit Role Through Active Listening

By mastering six listening skills, internal auditors can better identify what matters to audit clients and be more effective practitioners. Building a Better Auditor: Expanding Your Internal

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Ia Mag

The Diesel Fuel Heist

Using data analytics, an internal auditor uncovers a decade-long vehicle refueling scheme. The Diesel Fuel Heist Using data analytics, an internal auditor uncovers a decade-long vehicle refueling

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Ia Mag

Building a Strong Digital Infrastructure

Business continuity technologies enable organizations to quickly shift to address risk during disruption. Building a Strong Digital Infrastructure Business continuity technologies enable

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Ia Mag Oct 09, 2023

Sealing the Deal

Internal audit can ensure M&As go smoothly. Sealing the Deal By reviewing a target company's GRC environment, internal audit can help an M&A succeed. Internal audit can help prevent potential

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Ia Mag Jun 06, 2022

Digging Deep

Using COSO-based RCA to identify weaknesses organizationwide. Digging Deep Using COSO-based root cause analysis can help identify weaknesses across the organization. Using COSO-based root

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Ia Mag Dec 16, 2024

Fraud: Uncontrolled Substances

A director exploits weak controls to steal medication. Fraud: Uncontrolled Substances A health-care director takes advantage of lax controls to steal pain medications. A health-care director

Ia Mag Jan 26, 2023

On the Frontlines: The Hard Lessons of FTX

Bad corporate culture can demolish a company. On the Frontlines: The Hard Lessons of FTX The lesson learned from the FTX debacle is abundantly clear — unheard problems only get worse. The FTX

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Ia Mag

Six Tips for Auditing From Home