Internal Audit 360 - Latest News and Information
AuditBoard announced it has rebranded as Optro, positioning the company as an AI‑powered governance, risk, and compliance (GRC) platform. The new identity highlights a shift toward proactive, agentic AI that offers continuous risk foresight across audit, risk, infosec, and compliance functions. Optro also completed the acquisition of FairNow to embed AI governance capabilities and has bolstered its leadership team with several senior appointments. The firm continues to earn industry accolades, including Gartner’s Magic Quadrant leadership and Deloitte’s Fast 500 ranking.
In the post‑Basel III era, interest‑rate risk in the banking book (IRRBB) has become a primary source of earnings and capital volatility for banks. The Basel framework mandates independent audit of IRRBB measurement processes, placing internal audit as the third line...
Chief audit executives now face heightened board expectations for assurance that delivers strategic clarity. The Global Internal Audit Standards mandate a Quality Assurance and Improvement Program, yet fewer than half of CAEs trust their current QAIP to boost audit quality....
COSO released "Achieving Effective Internal Control Over Generative AI (GenAI)", a guidance that aligns its Internal Control‑Integrated Framework with the unique risks of generative AI. The publication translates the five COSO components into concrete controls for eight GenAI capability types...
A joint Internal Audit Foundation and AuditBoard survey of 373 senior audit leaders shows that while AI‑enabled fraud is widely recognized as a growing risk, only four in ten auditors feel their functions are prepared to detect or respond to...
Internal audit has evolved from a compliance watchdog to a strategic partner driving organizational transformation. Auditors now embed in steering committees, use real‑time risk mapping, and apply AI‑powered tools to ensure changes align with long‑term goals. Modern audit platforms automate...
The episode explores how moving data into modern warehouses and lakes introduces hidden risks that go beyond technical challenges, emphasizing governance, data quality, and transformation controls. It highlights that inconsistencies in source systems, ambiguous definitions, and poorly documented transformation logic...
The episode highlights Gartner's new survey of 119 chief audit executives (CAEs), revealing that building a culture of innovation and leveraging data analytics and generative AI are the top internal audit priorities for 2026. While 83% of audit functions are...
The episode examines how overfamiliarity—when the same internal audit team repeatedly audits the same operations—undermines audit quality by dulling critical thinking, limiting risk identification, and producing repetitive reports. Host Umer Iftikhar, an internal audit leader in Qatar, explains why rotation...
The episode explores how operational failures that appear to stem from flawed processes are often actually rooted in communication breakdowns. It explains that internal audits uniquely reveal these gaps by comparing documented procedures with real‑world practice, uncovering mismatched understandings, outdated...
The UK government has scrapped the Audit Reform and Corporate Governance Bill, ending a decade of debate sparked by corporate failures like Carillion and BHS. The proposed legislation would have replaced the Financial Reporting Council with a new statutory regulator...
A new Protiviti and NC State ERM survey of over 1,500 global executives reveals strong optimism about revenue growth through 2026, with nearly 70% seeing significant opportunities despite ongoing economic, geopolitical, and technological turbulence. Leaders are shifting from risk avoidance...
