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Crafting the Audit Report

Understanding stakeholder expectations is key to internal audit reporting. Crafting the Audit Report Understanding stakeholder expectations is key to internal audit reporting. Understanding

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Ia Mag Aug 12, 2024

Basics: The Proof is in the Papers

Incomplete documentation creates more work. Basics: The Proof is in the Papers Incomplete documentation can impact audit quality and create more work. Incomplete documentation can impact audit

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Ia Mag

Plugging More Value Into Internal Audits

Leveraging technology can enable practitioners to provide a deeper analysis of organizational risks. Plugging More Value Into Internal Audits Leveraging technology can enable practitioners to

Ia Mag Jun 24, 2019

7 Deadly Internal Audit Sins

Everyone makes mistakes, but some should be avoided at all costs. 7 Deadly Internal Audit Sins Everyone makes mistakes, but some should be avoided at all costs. Everyone makes mistakes, but

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Ia Mag Dec 16, 2024

Basics: Details in the Documentation

Effective documentation ensures thorough, accurate audit testing. Basics: Details in the Documentation The Standards provide auditors with a basic guide for preparing thorough and accurate

Ia Mag Dec 13, 2020

What My 10 Most-read Blog Posts of 2020 Say About Internal Auditors

It should come as no surprise that this year's list is dominated by content related to COVID-19. What My 10 Most-read Blog Posts of 2020 Say About Internal Auditors It should come as no

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Ia Mag

Update: Tough Years Ahead

A global forecast sees an array of intense challenges. Update: Tough Years Ahead A global forecast sees an array of intense challenges. A global forecast sees an array of intense challenges.

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Ia Mag Apr 27, 2021

Health and Safety in Today's Audit Plan

These important risks are often omitted from plans — even during a pandemic. Health and Safety in Today's Audit Plan These important risks are often omitted from plans — even during a pandemic.

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Ia Mag

Illuminating the Black Experience in Internal Auditing

The stories of Black internal auditors shed light on the unique career challenges they face and the need for a more inclusive workplace. Illuminating the Black Experience in Internal Auditing

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The Journey to Net-zero Emissions

Organizations may not have all of the answers on how to address climate risk, but they do understand that transformation is needed. The Journey to Net-zero Emissions Organizations may not have

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Ia Mag

Editor's Note: The Accelerated Need for Ethics

Internal audit can play a significant role in helping their organization's look holistically at their data use practices. Editor's Note: The Accelerated Need for Ethics Internal audit can

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Ia Mag

Are Audit Committees at the Bursting Point?

Given the plethora of new risks, it may be time for boards to consider workload. Are Audit Committees at the Bursting Point? Given the plethora of new risks, it may be time for boards to

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Ia Mag

COVID-19 and Indoor Air Quality Risk

As organizations prepare to reopen their offices, they need to ensure that employees can breathe safely in their buildings. COVID-19 and Indoor Air Quality Risk As organizations prepare to reopen

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A Safe Return

Organizations are working to ensure a smooth transition back to the workplace. A Safe Return Organizations are working to ensure a smooth transition back to the workplace. Organizations are

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Update: The IIA Updates Three Lines Model

Update: The IIA Updates Three Lines ModelNew release considers risk and governance in a complex world. Update: The IIA Updates Three Lines Model New release considers risk and governance in a

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Update: Recovery Through Digitization

Research points to technology as a key driver for crisis navigation. Update: Recovery Through Digitization Research points to technology as a key driver for crisis navigation. Research points to

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Ia Mag

10 Questions on Culture

Several audit committee FAQs can help guide practitioners when assessing culture. 10 Questions on Culture Several audit committee FAQs can help guide practitioners when assessing culture. Several

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Ia Mag

Auditing Knowledge Management

Knowledge assets’ increased value and contribution to business objectives obliges internal auditors to focus on how they’re safeguarded. Auditing Knowledge Management Knowledge assets’ increased

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Ia Mag

The Responsible Organization

As investors focus on ESG reporting, there is opportunity for internal auditors to get involved and provide assurance. The Responsible Organization As investors focus on ESG reporting, there is

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Ia Mag

Auditing Culture: Familiar Techniques

There's no need to reinvent the wheel — a combination of tried and true methods can go a long way on culture audits. Auditing Culture: Familiar Techniques There's no need to reinvent the wheel

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Ia Mag

Risk as the Rosetta Stone

Having a common risk language can help an organization facilitate business discussions. Risk as the Rosetta Stone Having a common risk language can help an organization facilitate business

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Ia Mag

A New Tool for Directors

The Guiding Principles of Corporate Governance are designed to help boards do better. A New Tool for Directors The Guiding Principles of Corporate Governance are designed to help boards do

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Ia Mag

Confronting Climate Change

As more organizations recognize the economic risk posed by a warming planet, internal audit can serve as a change agent. Confronting Climate Change As more organizations recognize the economic

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Ia Mag

Social Media Governance

Internal audit can make an impact by looking at how the board, executives, and three lines of defense address social initiatives. Social Media Governance Internal audit can make an impact by

Ia Mag

A Limited View

Misconceptions about internal audit’s role and capabilities prevent boards from appreciating the full value of the profession. A Limited View Misconceptions about internal audit’s role and

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Ia Mag

6 Myths of Business Ethics

Internal auditors should examine several “tacit truths” that often hinder organizational ethics. 6 Myths of Business Ethics Internal auditors should examine several “tacit truths” that often

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Ia Mag

Auditing Culture: Observation and Data

Gauging the organization’s cultural climate is often best achieved with a two-pronged approach. Auditing Culture: Observation and Data Gauging the organization’s cultural climate is often best

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Ia Mag

Wrangling the Internet of Things

Connected devices are everywhere in businesses and expanding rapidly, so auditors will have to scramble to ensure they are under control. Wrangling the Internet of Things Connected devices are

Ia Mag

GRC Conference 2019: Owning the Moment

Simon T. Bailey opens the sold-out GRC Conference with advice to business leaders on accepting change amidst uncertainty. GRC Conference 2019: Owning the Moment Simon T. Bailey opens the sold-out

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Ia Mag

The Control–Culture Connection

These two elements must complement each other to achieve strong financial reporting. The Control–Culture Connection These two elements must complement each other to achieve strong financial

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Ia Mag

In Line With Risk

Implementing a risk management program can better align an organization's risk profile with its overall strategy. In Line With Risk Implementing a risk management program can better align an

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Ia Mag

Areas of Deficiency

To inform the audit committee on external audit quality, internal auditors need to be familiar with the PCAOB inspection process and recurring findings. Areas of Deficiency To inform the audit

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Ia Mag

How to Audit Social Media

By reviewing compliance with social policies, internal auditors can help their organization address risks. How to Audit Social Media By reviewing compliance with social policies, internal

Ia Mag Jun 05, 2019

Internal Audit: Are You ESG Ready?

Expectations of investor groups around the world continue to shift toward environmental, social, and governance (ESG) reporting. Internal Audit: Are You ESG Ready? Expectations of investor

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Ia Mag May 31, 2021

Editors Note: Culture, Engagement, and Business Success

In a recent article on Gallup’s website, “3 Daily Actions That Set the Tone for Workplace Culture,” author Craig Kamins writes, “Some workplace cultures motivate employees and fuel performance.

Ia Mag May 30, 2021

Getting a Handle on Harassment

Organizations must keep a close eye on workplace behavior and make sure employees are protected. Getting a Handle on Harassment Organizations must keep a close eye on workplace behavior and make

Ia Mag

The More You Say

Many audit committees are voluntarily disclosing information about their oversight and performance. The More You Say Many audit committees are voluntarily disclosing information about their

Ia Mag May 01, 2019

Auditing Culture: Bumps in the Road

Numerous obstacles can arise during culture audits, requiring that practitioners understand how best to navigate them. Auditing Culture: Bumps in the Road Numerous obstacles can arise during

Ia Mag Mar 29, 2019

Banks and Bitcoin

A financial giant’s recent foray into digital coin could mean increased cryptocurrency use — and its accompanying risks — in commercial banking. Banks and Bitcoin A financial giant’s recent foray

Ia Mag Mar 29, 2019

Editor's Note: GDPR Is Just the Beginning

Editor's Note: GDPR Is Just the Beginning Editor's Note: GDPR Is Just the Beginning It is no surprise that cybersecurity and data protection remain top worries among chief audit executives

Ia Mag Mar 29, 2019

GDPR's Global Reach

Internal auditors around the world are starting to learn the impact of Europe’s data protection regulation on their organizations and their role in compliance. GDPR's Global Reach Internal

Ia Mag Mar 05, 2019

An Audit of Strategy

Four questions can help internal auditors ensure an effective strategic management process, the backbone of organizational success. An Audit of Strategy Four questions can help internal auditors

Ia Mag Feb 04, 2019

Wells Fargo Further Empowers Internal Audit

I have often quoted Danish philosopher Soren Kierkegaard regarding what motivates change. Wells Fargo Further Empowers Internal Audit I have often quoted Danish philosopher Soren Kierkegaard

Ia Mag Jan 17, 2019

Creating a Better Society

Internal auditors should contribute to the collective public good. Creating a Better Society Internal auditors should contribute to the collective public good. Internal auditors should contribute

Ia Mag Aug 30, 2021

Update: A Dire Picture of Climate Risk The IPCC's latest report pleads for immediate environmental acti

The IPCC's latest report pleads for immediate environmental action. Update: A Dire Picture of Climate Risk The IPCC's latest report pleads for immediate environmental action. The IPCC's

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Ia Mag

Is Your Culture at Risk?

The importance of organizational culture cannot be overstated — and it should never be overlooked. Is Your Culture at Risk? The importance of organizational culture cannot be overstated — and it

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Ia Mag

Exploratory Audits for Risk Reconnaissance

With organizations launching new products and services more rapidly, internal auditors can identify risks through quick, first-look audits. Exploratory Audits for Risk Reconnaissance With

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Ia Mag

Health and Safety in Today's Audit Plan

These important risks are often omitted from plans — even during a pandemic. Health and Safety in Today's Audit Plan These important risks are often omitted from plans — even during a

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Ia Mag

Resilient, Ready, and Responsive

Drawing lessons from the pandemic, internal auditors can help their organizations plan for the risk of future crises and volatility. Resilient, Ready, and Responsive Drawing lessons from the

Ia Mag

Biden's Impact on Business

After a year of rapid business changes, internal auditors must help their organizations address the policies of the new president. Biden's Impact on Business After a year of rapid business

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Ia Mag

10 Questions About the New Three Lines Model

IIA Global Board Chair Jenitha John discusses The Institute’s journey to build a model for the 21st century. 10 Questions About the New Three Lines Model IIA Global Board Chair Jenitha John

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Ia Mag

The Value in the Business Ecosystem

Internal audits must delve into the risks posed by the organization’s ever-expanding chain of third, fourth, and fifth parties. The Value in the Business Ecosystem Internal audits must delve into

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Ia Mag

A Study in Risk Tolerance

The Canada Revenue Agency is benefiting from its pilot of a tool to measure risk exposure versus tolerance. A Study in Risk Tolerance The Canada Revenue Agency is benefiting from its pilot of a

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Ia Mag

A Plan for Regulatory Change

A top-down assessment model can help internal auditors keep tabs on regulations and ensure the organization is prepared for what lies ahead. A Plan for Regulatory Change A top-down assessment

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Ia Mag

Auditing Culture: Employee Surveys

Auditors can provide assurance on the survey's ability to assess culture, and leverage results to help improve their audit work. Auditing Culture: Employee Surveys Auditors can provide assurance

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Ia Mag

Officials Call Penalty on Ex-NFL Player Fraud

Internal auditors and health insurers need a good playbook to tackle false insurance claims. Officials Call Penalty on Ex-NFL Player Fraud Internal auditors and health insurers need a good

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Ia Mag

Police Entangled in Tow-truck Kickbacks

Law enforcement agencies need strong ethics policies and procedures to deter officers from cashing in on corruption. Police Entangled in Tow-truck Kickbacks Law enforcement agencies need strong

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Ia Mag

Breaking Down the Fraud Policy

Internal auditors need to be involved in, and understand, the organization’s fraud detection and prevention efforts. Breaking Down the Fraud Policy Internal auditors need to be involved in, and

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Ia Mag

Beware the Coronavirus Scams

Internal auditors can learn from the frauds that arose during earlier outbreaks — similar schemes may target their organizations' home-based employees. Beware the Coronavirus Scams Internal

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Ia Mag

The Fraud Behind the Flags

A chief operating officer hid her multimillion-dollar scheme behind a cost-savings initiative. The Fraud Behind the Flags A chief operating officer hid her multimillion-dollar scheme behind a

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Ia Mag

Building Scheme Is No Big Hit

Construction fraud is one of the costliest frauds, and developers and contractors can be both perpetrators and victims. Art StewartMarch 11, 20200 Comments Building Scheme Is No Big Hit

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Ia Mag

An Education in Misleading Ads

U.S. regulators have many options for investigating deceptive advertising and marketing claims by universities. An Education in Misleading Ads U.S. regulators have many options for investigating

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Ia Mag

Data Theft Aids Tech Support Scam

Organizations need personnel and technology controls to prevent employees from stealing corporate and customer data. Data Theft Aids Tech Support Scam Organizations need personnel and technology

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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

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

The Make Your Own Credit Card Scam

Although some retailers can be easily duped by fake credit cards, cards with smart chips are dramatically reducing card fraud. The Make Your Own Credit Card Scam Although some retailers can be

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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

The Benefits Swindlers

Employers, insurers, and regulators all have a stake in fighting workplace benefits fraud. The Benefits Swindlers Employers, insurers, and regulators all have a stake in fighting workplace

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Ia Mag

The Opportunistic CFO

When a small, growing company hires an internal auditor, it discovers the chief financial officer embezzling profits. The Opportunistic CFO When a small, growing company hires an internal auditor,

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Ia Mag

The Digital Land Grab

In the Internet of Things era, fraudsters are cashing in on the scarcity of Internet Protocol numbers. The Digital Land Grab In the Internet of Things era, fraudsters are cashing in on the

Ia Mag May 07, 2019

Books Bring Down the Mayor

Strengthening ethics codes could deter government officials from using their positions to profit from inappropriate business deals. Books Bring Down the Mayor Strengthening ethics codes could

Ia Mag Mar 17, 2019

When You Spot Fraud, Don't Break the Eggs

The International Standards for the Professional Practice of Internal Auditing are clear: Internal auditors must possess the knowledge, skills, and competencies needed to carry out their

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Ia Mag

Internal Audit Optimized

Embracing technology can expand the department’s capabilities, especially when working with limited resources. Internal Audit Optimized Embracing technology can expand the department’s

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Ia Mag

The Disruption Imperative

To help raise the bar on innovation, internal auditors can work with stakeholders to nurture opportunities for disruption and manage the risks of falling behind. The Disruption Imperative To help

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Ia Mag

Cybersecurity in the Public Sector

Numerous standards, frameworks, and risk assessment tools are available to U.S. public sector auditors seeking to provide cybersecurity-related assurance. Cybersecurity in the Public Sector

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Ia Mag

Continuous Audits in Times of Crisis

Automated scripts that extract data and perform control tests can provide baseline assurance when it’s needed the most. Continuous Audits in Times of Crisis Automated scripts that extract data

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Ia Mag

The Analytics Journey: The Good Analytic

A team of internal auditors and stakeholders is the final puzzle piece to a successful analytics program. The Analytics Journey: The Good Analytic A team of internal auditors and stakeholders is

Ia Mag

Assessing Third-party Technology Risks

Organizations need a methodology to assess the IT defenses of their vendors and business partners. Assessing Third-party Technology Risks Organizations need a methodology to assess the IT

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Ia Mag

Cybersecurity Awareness Month: 20 Questions Internal Auditors Should Be Asking

Throughout October, Internal Auditor examines key areas practitioners should explore as they look to help protect their organizations. Cybersecurity Awareness Month: 20 Questions Internal

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Ia Mag

The Artificially Intelligent Audit Function

With planning and processes, AI can revolutionize internal audit’s work and value. The Artificially Intelligent Audit Function With planning and processes, AI can revolutionize internal audit’s

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Ia Mag

Protecting Passwords

Password managers can safeguard login credentials — as long as the tools, themselves, are secured. Protecting Passwords Password managers can safeguard login credentials — as long as the tools,

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Ia Mag

The Analytics Journey: Analytics Roadmap

As internal audit embarks on its analytics program, it needs a method to guide auditors in selecting and prioritizing projects. The Analytics Journey: Analytics Roadmap As internal audit embarks

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Ia Mag

Pandemic Poses Dual Cybersecurity Challenges

Organizations need to secure the technology needed for remote work now and anticipate the security challenges of a post-crisis world. Pandemic Poses Dual Cybersecurity Challenges Organizations

Ia Mag

Auditing in a Disruptive Environment

To keep pace with emerging technologies, practitioners must augment their skills and adapt to rapidly changing conditions. Auditing in a Disruptive Environment To keep pace with emerging

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Ia Mag

A Standard Approach

With internal audit’s help, companies can realize the benefits of adopting nonfinancial disclosure standards, says the SASB’s Jeffrey Hales. A Standard Approach With internal audit’s help,

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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 Aug 20, 2021

Exploratory Audits for Risk Reconnaissance

With organizations launching new products and services more rapidly, internal auditors can identify risks through quick, first-look audits. Exploratory Audits for Risk Reconnaissance With

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Ia Mag

Third-party Tech Threats

Organizations need to do more to manage technology risks related to their service providers. Third-party Tech Threats Organizations need to do more to manage technology risks related to their

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Ia Mag

Cannabis: Risks and Opportunities in a Budding Industry

Public sector audit could soon intersect with this market. Cannabis: Risks and Opportunities in a Budding Industry With rapid changes around cannabis legalization, public sector auditors could

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Ia Mag

The Lucrative Library Fraud

Auditors uncover a city employee’s 12-year scam to buy, steal, and resell printer toner for profit. The Lucrative Library Fraud Auditors uncover a city employee’s 12-year scam to buy, steal, and

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Ia Mag

Billed Around the Clock

Internal audit’s warning of the potential for overbilling was ignored, allowing millions of dollars in hourly fees to go unchecked. Billed Around the Clock Internal audit’s warning of the

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Ia Mag

Cyber Risk and the Board

With cybersecurity now a board-level issue, internal audit must keep board members informed about the risks and help them fulfill their oversight responsibilities. Cyber Risk and the Board With

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Ia Mag

The IT Audit Circle

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

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Ia Mag Aug 18, 2021

Challenges to Adopting Data Analytics

Issues such as poor data governance and the wrong mindset can hinder internal audit’s ability to move forward. Challenges to Adopting Data Analytics Issues such as poor data governance and the

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Ia Mag

Editor's Note: Under Attack

Organizations are poorly prepared to protect themselves against cyberattacks. Editor's Note: Under Attack Organizations are poorly prepared to protect themselves against cyberattacks.

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Ia Mag

A New Runway

Having the courage to make a job change can bring growth and insight for internal auditors. A New Runway Having the courage to make a job change can bring growth and insight for internal

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Ia Mag

CEO Message: Aligning Toward the Future

A new strategic plan will help The IIA reinvent itself to meet the challenges of a complex and rapidly changing profession. CEO Message: Aligning Toward the Future A new strategic plan will help

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Ia Mag

The Intelligent Automation Barrier

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Lack of clear strategy inhibits adoption of audit technology. Update: The Intelligent Automation Barrier Lack of clear strategy inhibits adoption of audit technology. Lack of clear strategy

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Determining Internal Audit's ROI

A departmental cost-benefit analysis can help internal audit measure and communicate its value. Determining Internal Audit's ROI A departmental cost-benefit analysis can help internal audit

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Ia Mag

Excuses for Mediocrity