This week

news.bloomberglaw.com · Curated 5 days ago

PCAOB Urged to Establish Clear AI Auditing Standards Amidst Rapid Technological Advancements

The Public Company Accounting Oversight Board (PCAOB) must urgently develop comprehensive standards for the use of Artificial Intelligence (AI) in auditing, according to a recent Bloomberg Law article. The author argues that current auditing standards are insufficient for the complexities introduced by AI, leading to potential audit failures and inconsistencies across firms. The PCAOB's proactive guidance is crucial to navigate the opportunities and risks presented by AI, ensuring audit quality and maintaining public trust.

IIA & Standards · North America Read more

youtube.com · Aug 4, 2026

Uncovering a $6 Million Kickback Scheme: Lessons from a Pharmacy Fraud Case

This podcast episode details a sophisticated healthcare fraud where a struggling pharmacy engaged in a kickback scheme, billing federal insurance programs nearly $11 million through a fake employee and a deceptive billing code. Internal audit and assurance professionals can gain critical insights into identifying red flags related to third-party relationships, employee verification, and billing anomalies, emphasizing the importance of robust controls and due diligence in preventing similar financial crimes.

Social & Media · Global Watch on YouTube

forkast.news · Curated 6 days ago

Okta Acquires Permiso Security for $200M to Bolster AI Agent Identity Threat Detection

Okta has acquired Permiso Security for approximately $200 million, aiming to integrate Permiso's cloud-native identity security platform into its offerings. This acquisition will extend Okta's identity security fabric to include identity threat detection and response (ITDR) for human, non-human, and AI agent identities, addressing a critical and rapidly growing security gap in multi-cloud environments. Permiso's specialized capabilities, including automated AI identity response and the SandyClaw sandbox for detecting AI supply chain attacks, are central to this strategic move.

Tools & Technology · Global Read more

elementalaimatters.substack.com · Aug 3, 2026

The AI 'Slop' Problem: Protecting Brand Voice in an Efficiency-Driven World

This article highlights the critical risk of AI-generated content eroding a company's unique brand voice, leading to generic and indistinguishable communications. Internal audit and assurance professionals should consider this a significant reputational and competitive risk, requiring robust governance frameworks and human oversight to preserve institutional knowledge and distinctiveness amidst AI adoption.

News & Blogs · Global Read more

normanmarks.wordpress.com · Aug 3, 2026

Beyond Quantification: Norman Marks on Common Sense in Risk Management

Norman Marks challenges the conventional wisdom of exhaustive risk quantification, arguing that for many situations, a common-sense approach informed by reliable information is more effective. This perspective is crucial for internal auditors who often grapple with the practicalities of risk assessment and the value derived from overly complex methodologies.

News & Blogs · Global Read more

richardchambers.com · Aug 3, 2026

FIFA's $20B Enterprise Failure: A Masterclass in Governance Missteps and Reputational Risk

This article dissects FIFA's recent, swiftly abandoned $20 billion private investment proposal, highlighting critical governance failures and the severe reputational damage incurred. For internal audit and assurance professionals, it serves as a potent case study on the indispensable role of stakeholder consultation, board courage, and transparent decision-making, especially in organizations with highly engaged public trust and passionate stakeholders.

News & Blogs · Global Read more

drrainerlenz.wordpress.com · Jul 31, 2026 · Curated 6 days ago

Relational Intelligence: The Enduring Human Edge in AI-Driven Internal Audit

As AI advances, internal audit professionals must recognize that their unique value increasingly lies in "Relational Intelligence" (RQ). This human capacity for building trust, fostering collaboration, and navigating complex organizational dynamics will be crucial for internal auditors to remain indispensable, shifting their focus from purely analytical tasks to strategic, relationship-driven assurance.

News & Blogs · Global Read more

zhaomichelle.substack.com · Aug 1, 2026 · Curated 6 days ago

AI System Retirement: The Overlooked Stage Where Risks Linger

Internal audit and assurance professionals often focus on the active lifecycle of AI systems, but this article highlights the critical and often neglected "retirement" phase. It argues that decommissioning an AI system is not a clean event and can introduce a new set of risks, dubbed "AI debris," if not managed with the same rigor as deployment. Understanding these lingering risks is crucial for maintaining a robust control environment and ensuring compliance throughout the entire AI system lifecycle.

News & Blogs · Global Read more

July 2026

radicalcompliance.com · Jul 31, 2026

Compliance Professionals on the Move: Key Appointments and Promotions Across Global Industries

This report details significant career moves within the compliance and ethics landscape, highlighting new hires and promotions at major financial institutions, tech companies, and healthcare organizations. For audit and assurance professionals, these movements underscore the evolving demand for specialized compliance expertise, particularly in areas like sanctions, anti-money laundering, and data privacy, and offer insights into career progression within the field.

News & Blogs · Global Read more

linkedin.com · Curated 1 week ago

The Three Lines Model's Blind Spot: Unchallenged Strategic Decisions

This article argues that the IIA's Three Lines Model, while effective for assuring controls, fails to address the critical area of strategic decision-making, which accounts for a significant portion of corporate crises. It highlights that none of the three lines are structurally equipped to provide continuous, independent, and adversarial challenge to strategic choices, leaving organizations vulnerable to major risks. The author calls for a re-evaluation of where this crucial challenge function should reside within governance structures.

IIA & Standards · Global Read more