June 2026

airiskdesk.beehiiv.com · Curated 1 month ago

Citibank's $25.9M Fine: A Case Study in AI Governance Failure and Discriminatory Outcomes

Citibank faced a $25.9 million fine from the CFPB for discriminatory credit card practices, which involved using ethnicity as a proxy for fraud risk. This case highlights a critical AI governance failure where a seemingly accurate model produced discriminatory outcomes due to a lack of fairness auditing and disaggregated outcome monitoring. The incident underscores the importance of robust oversight beyond mere model accuracy, emphasizing the need for independent review of AI systems' impact on various demographic groups.

News & Blogs · North America Read more

optro.ai · Curated 1 month ago

Protiviti's Vision: Internal Audit Must Evolve from Assurance to Risk Intelligence

Protiviti's latest white paper, "From Assurance to Intelligence: The Future of Internal Audit," argues that the profession must shift from a retrospective assurance model to a forward-looking provider of risk and decision intelligence. This evolution is critical for internal audit to remain relevant in an increasingly complex and rapidly changing business environment. The paper emphasizes that while assurance remains foundational, internal audit must complement this by engaging earlier and more continuously with strategic initiatives and emerging risks, particularly as AI reshapes the audit landscape.

News & Blogs · Global Read more

linkedin.com · Curated 1 month ago

A Comprehensive AI Audit Work Program for Internal Audit Functions

This article introduces a comprehensive AI Audit Work Program designed for internal audit functions, emphasizing a risk-based approach to auditing AI systems. It highlights the critical distinction between AI providers and deployers, and outlines six key domains for AI assurance. The program aims to empower internal auditors to effectively assess AI risks and controls, even without deep technical expertise, by focusing on governance, risk management, and compliance.

Tools & Technology · Global Read more

theiia.org · Curated 1 month ago

From Data to Decisions: Elevating Internal Audit with Visualization and Storytelling

Internal audit teams are increasingly leveraging data visualization, analytics, and storytelling to transform traditional reporting. This shift helps auditors communicate insights more effectively, moving beyond static reports to dynamic, evidence-based narratives that highlight risks and opportunities. By adopting dashboards and interactive tools, internal audit can ensure their messages are successfully conveyed and utilized for better decision-making.

News & Blogs · Global Read more

internalauditcollective.com · Curated 1 month ago

Consistently Managing IT Change Controls for Internal Audit

This article emphasizes the critical importance of robust IT change management controls for maintaining system stability, security, and compliance. It outlines the different types of change management, the characteristics of a mature change process, and specific risks associated with system administrators and major system implementations. The guide provides practical insights for internal auditors, SOX professionals, and IT/security teams to prevent outages, security gaps, and audit findings.

News & Blogs · Global Read more

linkedin.com · Curated 1 month ago

CIA vs. CISA: Why the Debate is Outdated in Modern Auditing

This article argues that the traditional distinction between CIA and CISA certifications is obsolete, as all auditing now inherently involves technology. The author emphasizes that both certifications address different layers of the same digital ecosystem, and auditors must understand systems to remain relevant. The piece challenges the notion of 'pure audit' in an increasingly digitized business world.

News & Blogs · Global Read more

radicalcompliance.com · Jun 10, 2026

SEC Intensifies Scrutiny on Investment Adviser Disclosure Failures and Ineffective Compliance Programs

The SEC is sending a clear message to registered investment advisers (RIAs) regarding the critical importance of robust conflict-of-interest disclosures and effective compliance program implementation. Recent enforcement actions and risk alerts highlight that merely having policies is insufficient; firms must actively enforce them, especially concerning personal trading and undisclosed financial interests, to avoid significant penalties and reputational damage. Internal audit and assurance professionals should view this as a call to action to review and strengthen their organizations' disclosure controls and compliance frameworks.

News & Blogs · Global Read more

linkedin.com · Curated 1 month ago

What It Takes to Trust an AI Risk Score: Key Lessons for Audit-Ready AI

As regulatory deadlines like OSFI E-23 approach, organizations must be prepared to defend AI-influenced decisions. This article highlights three critical factors for trusting AI risk scores: reproducibility, the inability to pin hosted models, and the potential for AI to disregard structured input in favor of free-text. Internal audit and assurance professionals should demand clear answers on these points to ensure AI tools are truly audit-ready.

News & Blogs · North America Read more

tobyderoche.substack.com · Jun 10, 2026

US Shifts AI Stance: National Security Directives Elevate AI Governance to Critical Operational Infrastructure

Recent White House actions signal a significant shift in the US government's approach to AI, moving from caution to accelerated adoption, particularly within national security. This reclassification of AI as operational infrastructure, rather than a future technology, profoundly impacts internal audit and assurance professionals. Organizations must now consider AI not just for its potential, but for its secure, reliable, and accountable integration into critical processes, demanding a more robust and integrated governance framework.

News & Blogs · Global Read more

radicalcompliance.com · Jun 1, 2026 · Curated 1 month ago

Avoiding Critical Pitfalls in Internal Investigations: A Guide for Audit and Assurance Professionals

Internal audit and assurance professionals frequently lead or contribute to internal investigations. This article highlights common and critical mistakes, emphasizing the importance of building trust, maintaining process integrity, and carefully considering disciplinary actions. It also offers a nuanced perspective on the role of AI in investigations, providing valuable insights for enhancing the effectiveness and fairness of your investigative processes.

News & Blogs · Global Read more