May 2026

linkedin.com · Curated 1 month ago

Relaunching the Larry B. Sawyer Internal Audit Foundation Project of the Year Award

Dr. Rainer Lenz suggests that The IIA relaunch the Larry B. Sawyer Internal Audit Foundation Project of the Year Award to complement the existing student scholarship. He highlights the award's timeless criteria and topics, emphasizing their relevance in today's rapidly evolving internal audit landscape. Lenz believes this award would encourage innovative thinking and strategic advisory roles within the profession.

News & Blogs · Global Read more

internalauditcollective.com · Curated 2 months ago

The Internal Auditor's Case of Mistaken Identity: Why Reporting to the CFO Undermines the Profession

This article argues that internal audit faces a significant identity crisis, often misunderstood as a finance-centric, compliance-focused function. The author contends that the prevalent administrative reporting structure to the CFO is a primary driver of this misperception, hindering internal audit's strategic value and independence. It calls for a shift towards CEO reporting and a broader, risk-based approach to elevate the profession's standing.

News & Blogs · North America Read more

fortune.com · Curated 2 months ago

AI Governance: Why Waiting is the Most Dangerous Mistake for Executives

The article emphasizes the urgent need for organizations to establish robust AI governance structures now, rather than waiting for perfect information or clearer use cases. Author Brandi Thomas argues that delaying AI governance is an abdication of responsibility, leading to significant risks and a loss of competitive advantage. She advocates for a senior, cross-functional AI Governance Committee with real authority to build an adaptive framework for both customer-facing and back-office AI applications.

News & Blogs · North America Read more

internalaudit360.com · May 28, 2026

Norman Marks Urges Internal Audit to Proactively Adapt to AI-Driven Business Evolution

Norman Marks emphasizes that internal audit must evolve beyond simply adopting AI tools. The core challenge lies in understanding and providing assurance over radically changing business processes and controls driven by AI and robotics. Internal auditors need to proactively engage with management's strategic roadmaps, identify emerging risks, and develop the necessary skills to audit these new technologies and their impact on the control environment, rather than waiting for failures to occur.

News & Blogs · Global Read more

internalaudit360.com · May 27, 2026 · Curated 2 months ago

Legal Department Tech Budgets Set to Double by 2028, Driven by AI Adoption

Legal departments are projected to double their technology budgets by 2028, primarily due to the rapid adoption of specialized AI platforms. This significant investment is driven by the promise of enhanced productivity, reduced reliance on external counsel, and improved compliance, offering internal audit professionals new avenues to assess efficiency, risk management, and data integrity within legal operations.

News & Blogs · Global Read more

linkedin.com · Curated 2 months ago

Revolutionizing Risk Assessments: A 5-Step Approach to Uncover New Risks

This article challenges the common audit practice of starting risk assessments by reviewing prior year documentation, arguing that this approach often leads to overlooking emerging risks. It proposes a five-step methodology that prioritizes identifying changes and drafting a new risk register before consulting past records, emphasizing the use of AI to facilitate this process. The author suggests this method helps auditors uncover new risks that are critical to an organization's audit committee.

News & Blogs · Global Read more

linkedin.com · Curated 2 months ago

12 Modern Internal Audit Capabilities: Beyond Software, Towards Execution

Munish Verma highlights 12 modern capabilities internal audit can leverage today, focusing on transforming audit execution rather than just the management software. These advancements, categorized across continuous assurance, recurring IT audits, risk-based audits, and compliance programs, aim to reduce manual effort and enhance the auditor's strategic role. The article encourages audit leaders to consider which of these capabilities their teams are already utilizing and which they aspire to implement.

News & Blogs · Global Read more

linkedin.com · Curated 2 months ago

6 Ways Internal Audit Can Modernize System Assurance Today

Internal audit faces increasing demands with stagnant resources, highlighting a critical need for modernization. This article outlines six key advancements in auditing business systems that were not feasible five years ago, focusing on leveraging technology for continuous assurance and improved efficiency. These changes enable internal audit to move beyond traditional sampling to provide more relevant, real-time insights and streamline interactions with external auditors.

News & Blogs · Global Read more

linkedin.com · Curated 2 months ago

AI Governance: Adapting Control Environments to the Speed of AI

The rapid, often unapproved, integration of AI into daily business operations presents a significant governance challenge for organizations. Traditional control environments are ill-equipped to manage the risks associated with employees using AI tools, particularly public ones, for sensitive tasks. This article emphasizes that effective AI governance is not about restricting adoption but enabling safe and responsible use through clear policies, approved platforms, and continuous monitoring.

News & Blogs · Global Read more

Blog · Curated 2 months ago

Internal Audit's New RSI: Recursive Self-Improvement with AI

Tom McLeod introduces a new interpretation of "RSI" for internal audit: Recursive Self-Improvement, powered by AI. This concept moves beyond basic AI automation to a system where AI continuously learns from past audits, findings, and feedback to enhance audit methodologies. The article challenges Chief Audit Executives to consider if AI is truly making their functions smarter, rather than just faster.

News & Blogs · Global • 2 min read Read more