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This week

radicalcompliance.com · · Curated 4 days ago
Storytelling for Impact: Lessons from a Documentary Filmmaker for Audit and Assurance Professionals

This article highlights how internal audit and assurance professionals can learn from documentary filmmaker Alex Winter (known for 'Bill & Ted') to make their findings more impactful. Winter emphasizes putting people at the center of narratives and meticulous research to distill complex information, directly mirroring the challenges auditors face in communicating risks and findings to diverse stakeholders. By adopting these storytelling techniques, audit professionals can enhance engagement and drive action within their organizations.

News & Blogs · Global Read more
radicalcompliance.com · · Curated 4 days ago
IIA Guidance: Internal Audit's Evolving Role in ERM and the Future of Assurance

The IIA has released new guidance exploring how internal audit can take a more direct and integrated role in Enterprise Risk Management (ERM). This shift is crucial for audit professionals to demonstrate continued value in an era where AI and automation are transforming traditional audit functions, pushing towards continuous assurance and potentially blurring the lines between internal audit and risk management. Understanding these evolving expectations and the safeguards required is essential for internal audit leaders looking to strategically position their teams for the future.

News & Blogs · Global Read more
radicalcompliance.com · · Curated 4 days ago
CCO Compensation Rises Amidst Stagnant Job Market, Creating a 'Constrained Candidate Market'

A recent survey reveals a paradoxical trend in the Chief Compliance Officer (CCO) job market: while CCO compensation is increasing, a significant majority of CCOs are staying in their current roles. This creates a challenging environment for both job seekers and companies looking to hire, as the pool of available talent shrinks and competition for experienced CCOs intensifies. Internal audit and assurance professionals should note these dynamics as they impact the talent landscape for compliance leadership and the strategic value placed on these roles within organizations.

News & Blogs · Global Read more
normanmarks.wordpress.com ·
AI Governance: Learning from Cyber's Evolution to Avoid Past Mistakes

This article highlights the critical need for robust AI governance, drawing parallels with the evolution of cybersecurity governance. It emphasizes that internal audit and assurance professionals must understand the maturity of their organization's AI governance, provide assurance and advice, and ensure that AI deployment considers all risks and opportunities. The core message is to proactively apply lessons from cyber risk management to AI, translating technical risks into business impacts that leadership can act upon, thereby avoiding a repeat of past governance failures.

News & Blogs · Global Read more
alexandracar.substack.com ·
AI Regulation: The Unfolding State vs. Federal Battle and Its Impact on Compliance

The U.S. is experiencing a significant divergence in AI regulation, with federal efforts focused on deregulation and state governments actively legislating. This creates a complex and fragmented compliance landscape for organizations, demanding a continuous and localized approach to risk management and legal adherence. Internal audit and assurance professionals must understand this dynamic to effectively assess AI-related risks and ensure their organizations navigate the evolving regulatory mosaic.

News & Blogs · North America Read more
linkedin.com ·
Your Crytographic Controls have a hidden Expiration Date

The post argues that the real quantum risk isn’t a computer breaking RSA tomorrow, but that data encrypted and intercepted today could be decrypted later, which invalidates a security assumption we treated as permanent. For an internal auditor, the question isn’t predicting when this risk will materialize, but checking whether a control validated today has a hidden shelf life nobody has documented.

News & Blogs · Europe Read more
linkedin.com ·
AI Governance: A Framework to Catch Up with Rapid AI Adoption

As AI use cases proliferate across enterprises, traditional IT governance struggles to keep pace, leading to significant governance gaps. This article introduces a framework designed to continuously track and govern AI applications, emphasizing the critical role of autonomy in risk assessment. It provides a practical, seven-dimensional approach to manage AI risks, grounded in existing standards like NIST AI RMF and ISO/IEC 42001.

News & Blogs · Global Read more
internalaudit360.com · · Curated 6 days ago
SEC Moves to Repeal Climate Change Disclosure Rules, Signaling a Major Shift in Regulatory Stance

The U.S. Securities and Exchange Commission (SEC) is actively moving to repeal its climate disclosure rules, a significant reversal from its previous stance. This action follows a period of legal challenges and a retreat from defending the regulations in court, indicating a clear shift in federal policy regarding corporate climate transparency. Internal audit professionals should be aware of this evolving regulatory landscape, as it impacts compliance requirements and the scope of ESG-related assurance activities, even as other jurisdictions and frameworks continue to advance their own reporting mandates.

News & Blogs · North America Read more
elementalaimatters.substack.com · · Curated 6 days ago
AI Agents and Board Oversight: Why "Noses In, Fingers Out" No Longer Works

The rise of autonomous AI agents fundamentally changes the landscape of corporate governance, rendering the traditional "noses in, fingers out" board oversight model obsolete. Internal audit and assurance professionals must recognize that AI agents, unlike human employees, operate continuously and at scale, making decisions that directly impact an organization's risk profile and regulatory exposure. This shift necessitates a proactive, documented approach to AI governance, moving beyond quarterly discussions to verifiable accountability, especially in light of new regulatory directives that treat AI agent actions as potentially criminal liabilities.

News & Blogs · Global Read more
internalaudit360.com · · Curated 6 days ago
Auditing Sales Incentive Programs: Beyond Calculations to Behavior and Governance

Sales incentive programs, while crucial for motivation, pose significant risks if not properly governed. Internal auditors must move beyond mere calculation verification to assess whether these programs align with organizational strategy, prevent manipulation, and ensure adequate oversight. The Wells Fargo scandal serves as a stark reminder that misaligned incentives, coupled with weak governance, can lead to catastrophic outcomes, highlighting the need for a holistic audit approach that considers both financial and behavioral aspects.

News & Blogs · Global Read more
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