Should Internal Audit change its name?

The discussion is constantly being stimulated as to whether the internal auditing department should change its name. The idea is usually suggested to avoid what some see as a negative stigma related to internal audit. Richard Chambers, president and CEO of The IIA, discusses the question of changing the name of the internal audit in […]

Internal Audit’s Digital Transformation Imperative: Advances Amid Crisis

The ongoing digital transformation could accelerate in internal audit in 2021. That’s according to a new survey called “ Internal Audit’s Digital Transformation Imperative: Advances Amid Crisis“ from AuditBoard and the Institute of Internal Auditors‘ Internal Audit Foundation (IAF). Twenty-two percent of respondents in a survey say they will implement cloud-based technology this year. Overall, […]

Agents of Change

„Agents of Change: Internal Auditors in an Era of Disruption“, the new book by Richard Chambers, president and CEO of the Institute of Internal Auditors, is calling for a faster and deeper transformation of the internal audit profession. The book claims that internal audit must not only accept change, but also become a catalyst for […]

Moving Internal Audit Deeper Into the Digital Age: Part 3

The third part of the three-part report series, „Moving Internal Audit Deeper into the Digital Age: Part 3, Beyond Theory – Scaling Automation Capabilities in Internal Auditing“ from the Internal Audit Foundation and Deloitte answers the question, „How can internal audit help set up governance architecture around new technologies?“ For effective scaling of analytics and […]

Moving Internal Audit Deeper Into the Digital Age: Part 2

To gain an insight into where various internal audit organizations stand in relation to audit automation and cognitive technologies, the Internal Audit Foundation and Deloitte conducted a survey of IIA members. Based on responses from internal audit leaders across a wide range of organizations, key findings reveal where many organizations are making progress and where […]

Moving Internal Audit Deeper Into the Digital Age: Part 1

The first part of a three-part report series, „Moving Internal Audit Deeper into the Digital Age: Part 1 – A Structured Methodology for Leveraging Automation,“ from the Internal Audit Foundation and Deloitte, explores the impact of robotic process automation (RPA) on internal audit. Part 1 examines how the three types of RPA – probots, knowbots […]

The Guide to Streamlining Document Workflow

Do more with less? Which Internal Auditor hasn’t heard the chorus? Most forward-thinking businesses realize the value of internal audit and are increasing responsibilities of internal audit. Rather than immediately asking for more employees, intelligent teams first address these resource constraints by identifying areas where productivity and efficiency can be improved. Implementing new technology is […]

The Balance between Assurance and Advisory Work

Most internal audit functions spend between 80 and 100 percent of their time doing traditional internal audits, commonly referred to as „assurance work“. Yet, many also do a certain amount of counseling and strive for more. A lot of senior auditors are concerned about how the limited internal audit resources should be allocated across these […]

Time to use RPA in Internal Audit

There are many areas of internal audit where automation using robotic process automation (RPA) and process mining can be used. In Jean-Marie Bequevort, Expert Practice Leader Internal Audit at TriFinance, opinion, two areas are ripe for automation: (1) data download and analysis to identify red flags, and (2) data visualization to support audit interviews. Why […]

IIA-Praxisleitfaden für die Finanzindustrie

Die Nachfrage nach Revisoren mit Kenntnissen und Erfahrungen im Bereich der Finanzindustrie wächst rasant, angetrieben durch den regulatorischen Druck, Revisionsabteilungen mit dem notwendigen Umfang und der erforderlichen Qualität an Ressourcen zu besetzen. Dies hat viele Revisionsabteilungen innerhalb der stark regulierten Finanzdienstleistungsbranche dazu veranlasst, ihre Mitarbeiterzahl entsprechend dem neuen globalen Geschäftsumfeld in Bezug auf Qualität und […]