June 2026

inflo.com · Curated 1 month ago

Inflo Research: Audit Pricing in the AI Era – Shifting from Effort to Value

Inflo's latest research, based on a survey of 2,000 US audit firm clients, reveals a critical shift in client expectations for audit services in the age of AI. The report emphasizes that auditors must move away from time-based pricing models and instead focus on delivering tangible value to maintain pricing power and capitalize on emerging growth opportunities. It highlights what clients are willing to pay more for and how firms can navigate the pricing paradox created by AI.

News & Blogs · North America Read more

iapp.org · Curated 1 month ago

European Commission Releases Draft High-Risk AI Guidelines After Delays

The European Commission has finally released draft guidelines for identifying high-risk AI systems under the EU AI Act, following significant delays. These guidelines aim to provide clarity for providers and deployers on classifying AI systems and include examples across various use cases. A public consultation period is now open for feedback on the draft.

News & Blogs · Europe Read more

linkedin.com · Curated 1 month ago

Navigating New SEC Cybersecurity Disclosure Rules: Lessons from Recent Breaches

This article examines the new SEC cybersecurity disclosure rules, effective December 15, 2023, by analyzing how companies like Okta, Clorox, and 23andMe handled significant cyber incidents prior to the rule's full enforcement. It highlights key considerations for CISOs, CFOs, and financial reporting personnel regarding the timing, nature, and materiality of disclosures, emphasizing the importance of proactive communication and understanding the nuances of the 8-K filing requirements.

News & Blogs · North America Read more

internalaudit360.com · Jun 11, 2026 · Curated 1 month ago

Five Essential Lessons for Internal Audit Interns to Kickstart a Successful Career

This article offers crucial advice for internal audit interns, emphasizing the importance of intentionality, proactive engagement, mentorship, curiosity, and professionalism. For audit and assurance professionals, these insights highlight foundational skills and mindsets that are vital for developing future talent within the internal audit function, ensuring new entrants are well-equipped to navigate the evolving complexities of the profession.

News & Blogs · Global Read more

internalaudit360.com · Jun 11, 2026 · Curated 1 month ago

Uncovering Control Gaps in Order-to-Cash Workflows: A Guide for Internal Audit

The Order-to-Cash (O2C) cycle is a critical and complex process prone to significant control failures, leading to substantial revenue leakage and compliance risks. Internal auditors must move beyond standard checklists, focusing on mapping the entire O2C process to identify vulnerabilities at handoff points and ensure robust financial controls and accurate revenue recognition.

News & Blogs · Global Read more

internalaudit360.com · Jun 2, 2026 · Curated 1 month ago

Global Risk Landscape Report: Accelerating Threats Demand Integrated Risk Ownership

The 2026 Global Risk Landscape Report highlights an environment of accelerating, interconnected risks driven by geopolitical instability, technological disruption, and economic volatility. Internal audit professionals must recognize that traditional, siloed risk management approaches are insufficient. The report advocates for a shared, cross-functional ownership of risk to enable faster, more confident decision-making and to address critical areas like underestimated fraud risk and the amplification of governance weaknesses by AI.

News & Blogs · Global Read more

elementalaimatters.substack.com · Jun 10, 2026 · Curated 1 month ago

Shadow AI Triggers SEC 8-K: A Wake-Up Call for Audit Committees on Data Security

A regional bank's parent company filed an SEC Form 8-K after an employee used unauthorized AI to handle customer Social Security numbers, highlighting a critical and emerging risk: "shadow AI." This incident, despite involving no data breach or outage, underscores that the mere loss of control over sensitive data via unapproved AI tools can be a material cyber disclosure event. Audit committees must proactively assess their organizations' vulnerability to shadow AI and implement robust controls to prevent similar incidents.

News & Blogs · Global Read more

elementalaimatters.substack.com · Jun 8, 2026 · Curated 1 month ago

Shadow AI Prompts First SEC 8-K Disclosure: A Wake-Up Call for AI Governance

A recent SEC 8-K filing by CB Financial Services, triggered by an employee's use of unauthorized AI to process sensitive customer data, highlights a critical emerging risk for internal audit and assurance professionals. This incident, occurring without a traditional breach or operational disruption, underscores that the mere loss of control over sensitive data via shadow AI can constitute a material cybersecurity event requiring public disclosure. Internal audit must proactively assess AI governance frameworks, focusing on detection, materiality assessment, and disclosure readiness for internal AI misuse, not just external threats.

News & Blogs · Global Read more

elementalaimatters.substack.com · Jun 3, 2026 · Curated 1 month ago

The AI Optimism Gap: Why Graduates Boo While Boards Remain Unaware

This article highlights a significant disconnect between public perception, particularly among recent graduates, and corporate board understanding of AI's implications. Internal audit and assurance professionals should recognize this 'optimism gap' as a critical trust issue that impacts future talent and organizational reputation. Understanding this divergence is crucial for effective AI governance and risk management, ensuring that AI strategies align with broader societal expectations and mitigate potential future challenges.

News & Blogs · Global Read more

elementalaimatters.substack.com · Jun 1, 2026 · Curated 1 month ago

AI Optimism Meets Graduate Skepticism: A Warning for Boards on Trust and the Future Workforce

Recent university commencement ceremonies saw graduates booing speakers' optimistic views on AI, signaling a significant disconnect between corporate AI narratives and the concerns of the incoming workforce. This article highlights that while boards focus on AI's opportunities for efficiency and competitive advantage, employees and communities perceive it through the lens of job displacement, surveillance, and inequitable distribution of benefits. Internal audit and assurance professionals should recognize this as a critical trust and legitimacy issue, urging organizations to re-evaluate their AI strategies to ensure they are developed *with* rather than *to* their people and stakeholders.

News & Blogs · Global Read more