June 2026

drrainerlenz.wordpress.com · May 29, 2026 · Curated 1 month ago

Call to Relaunch Larry B. Sawyer Internal Audit Foundation Project of the Year Award

Dr. Rainer Lenz advocates for the re-establishment of the Larry B. Sawyer Internal Audit Foundation Project of the Year Award, emphasizing its relevance in fostering innovation and addressing emerging challenges within the internal audit profession. This initiative would complement existing student scholarships and encourage research aligned with Sawyer's forward-thinking vision, particularly as the profession navigates significant changes and aims for its Vision 2035.

News & Blogs · Global Read more

drrainerlenz.wordpress.com · May 26, 2026 · Curated 1 month ago

Simona Varga Recognized as First 'Gardener of Governance' Ambassador for Internal Audit in Hungary

This article highlights the recognition of Simona Varga as the inaugural 'Gardener of Governance' Ambassador in Hungary, a concept aimed at fostering growth and development within the internal audit profession. For audit and assurance professionals, this signifies the growing international adoption and recognition of innovative frameworks designed to enhance the strategic value and impact of internal audit.

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drrainerlenz.wordpress.com · May 26, 2026 · Curated 1 month ago

Audit Beacon Podcast: Shaping the Future of Internal Audit with Strategic Thinking and Integrated Assurance

This podcast episode, featuring prominent internal audit leaders, delves into the evolving landscape of internal audit, emphasizing that its future hinges not on increased auditing but on superior strategic thinking. For audit and assurance professionals, this discussion highlights the critical need to cultivate attributes like judgment, courage, and foresight, alongside embracing integrated assurance and human-centric leadership, to maintain relevance and value in an AI-driven world.

News & Blogs · Global Read more

drrainerlenz.wordpress.com · May 25, 2026 · Curated 1 month ago

Dr. Rainer Lenz Reflects on the 11th Audit Masters in Lisbon, Highlighting the 'Gardener of Governance' Concept

Dr. Rainer Lenz shares insights from the 11th Audit Masters event in Lisbon, where he served as chair and speaker. He emphasizes the educational and inspiring nature of the conference, particularly his presentation on 'The Gardener of Governance™' metaphor for internal auditors. This recap offers internal audit professionals a glimpse into key industry discussions and a unique conceptual framework for their role.

News & Blogs · Europe Read more

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

CFTC Sweetens Whistleblower Pot, Raising Stakes for Internal Audit in Prediction Markets

The CFTC is proposing significant changes to its whistleblower program, including a presumptive 30% payout for awards under $5 million. This move, coupled with the CFTC's expanded regulatory scope into prediction markets, means internal audit and assurance professionals must re-evaluate their organizations' exposure to new fraud risks and the potential for employees to bypass internal reporting in favor of direct regulatory whistleblowing.

News & Blogs · Global Read more

linkedin.com · Curated 1 month ago

AI Risk Tier: Why Human Review Doesn't Change Classification and What it Means for Governance

Recent actions by the European Commission and the Florida Attorney General highlight a critical misunderstanding in AI governance: adding a human reviewer does not alter an AI system's inherent risk classification. This article emphasizes that risk classification is a foundational step, distinct from human oversight, and introduces the 'Risk Classification Record' as a crucial artifact for robust AI governance, detailing its components and the accountability it demands from organizations.

News & Blogs · Global Read more

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

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.

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