Earlier this month

radicalcompliance.com · Jul 9, 2026 · Curated 2 weeks ago

Navigating AI Governance: Aligning Compliance with Strategic Business Objectives

As AI adoption accelerates, internal audit and assurance professionals must shift their focus from AI security to AI governance. This article highlights the critical need for robust governance frameworks to manage AI agent behavior, emphasizing that misbehavior, rather than security breaches, poses a more significant and often overlooked risk. It underscores the importance of aligning AI governance investments with strategic business priorities to secure necessary resources and ensure effective oversight.

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torontoauditor.ca · Curated 2 weeks ago

Toronto Auditor General's 2026 Follow-up Report: Status of Outstanding Recommendations for City Divisions, Agencies & Corporations

The Toronto Auditor General's 2026 Consolidated Follow-up Report details the implementation status of audit recommendations across City divisions, agencies, and corporations. The report highlights significant financial benefits from implemented recommendations, totaling an estimated $14 million, while also identifying a substantial number of high-priority recommendations that remain outstanding for over five years. It emphasizes the importance of expediting the implementation of these recommendations to maximize value and improve city operations.

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seattletimes.com · Curated 2 weeks ago

King County Establishes New Inspector General Office to Combat Fraud

King County, Washington, has created a new Office of Inspector General (OIG) to enhance oversight and combat fraud, waste, and abuse within its government operations. This independent body will investigate allegations, conduct audits, and recommend improvements to ensure accountability and efficient use of public funds.

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Blog · Curated 2 weeks ago

Segregating Duties for Federal Grant Compliance

The Washington State Auditor's Office emphasizes the critical role of segregating duties in ensuring compliance with federal grant requirements. Their updated Segregation of Duties Guide now includes a dedicated chapter on federal awards, detailing how to apply this internal control principle to common administrative tasks like reporting. This approach aims to enhance accuracy, detect errors, and prevent fraud in the management of federal funds.

News & Blogs · North America • 2 min read Read more

zhaomichelle.substack.com · Jul 9, 2026

Navigating AI Model Development: Key Risks and Audit Considerations for Assurance Professionals

This article delves into the critical risks inherent in the AI model development stage, moving beyond data-centric issues to focus on the model's construction and governance. For audit and assurance professionals, understanding these risks—such as overfitting, lack of explainability, brittleness, and poor version control—is crucial for evaluating the reliability, compliance, and ethical implications of AI systems before they reach deployment. The piece emphasizes that seemingly successful development can mask significant vulnerabilities, underscoring the need for robust audit scrutiny.

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alexandracar.substack.com · Jul 8, 2026

Federal Procurement: The Unseen Regulator of AI and Technology

The U.S. government, as the world's largest buyer, is leveraging its immense purchasing power to shape the AI and technology market. Through procurement mandates, it's effectively imposing regulatory standards on vendors, even those without direct federal contracts, creating a de facto regulatory framework that internal audit and assurance professionals must understand to assess compliance and risk across their organizations and supply chains.

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radicalcompliance.com · Jul 7, 2026 · Curated 2 weeks ago

FIFA's Red Card Reversal: A Case Study in Control Failures and Eroding Trust

This article uses a controversial FIFA decision to overturn a World Cup red card, allegedly influenced by political pressure, as a compelling case study for internal audit and assurance professionals. It highlights the critical importance of transparent processes for addressing control failures and the severe consequences of perceived management override on organizational integrity and stakeholder trust. The incident underscores how a lack of clear, consistent remediation procedures can undermine credibility, even when an initial control failure is acknowledged.

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normanmarks.wordpress.com · Jul 7, 2026 · Curated 2 weeks ago

COSO's Latest ERM Guidance: Shifting from Documentation to Decision-Making

COSO's new guidance, "From Guidance to Action: Exploring Practical Enterprise Risk Management," emphasizes moving Enterprise Risk Management (ERM) beyond mere documentation to actively influencing strategic decisions. This shift is crucial for internal audit and assurance professionals, as it redefines ERM's value proposition from a compliance function to a strategic enabler, demanding a more integrated and decision-focused approach to risk assessment and reporting.

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radicalcompliance.com · Jul 6, 2026

Bosch's $36.1M Export Control Penalty: A Masterclass in Internal Communication Failures

Bosch's recent $36.1 million penalty for export control violations highlights critical breakdowns in internal communication and information flow, offering a stark lesson for audit and assurance professionals. The case demonstrates how under-resourced compliance functions, misinterpretation of regulatory changes, and a failure to integrate external warnings can lead to significant compliance failures, underscoring the importance of robust COSO-aligned information and communication controls.

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elementalaimatters.substack.com · Jul 6, 2026

AI Governance: Boards Must Act Now to Appoint a 'Designated Survivor' and Build Accountability Architecture

This article urges boards to immediately establish clear accountability for AI agents by appointing a 'Designated Survivor' and implementing a robust governance framework. For internal audit and assurance professionals, this highlights the critical need for proactive AI risk management, emphasizing the importance of a live registry of AI agents, extending delegation of authority frameworks to include AI actions, and establishing regular board-level review of AI activities to mitigate legal, financial, and reputational exposures.

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