May 2026

drrainerlenz.wordpress.com · Mar 12, 2026 · Curated 3 months ago

Dr. Rainer Lenz Appointed Honorary Professor at University of Pretoria, Bolstering Internal Audit Education

Dr. Rainer Lenz has been appointed Honorary Professor in the Department of Auditing at the University of Pretoria. This appointment signifies a strengthening of academic ties between leading professionals and higher education, offering valuable opportunities for students and practitioners in internal audit and governance to engage with cutting-edge research and practical insights. Audit and assurance professionals should note the potential for enhanced thought leadership and capacity building in the field, particularly in the South African context.

News & Blogs · Sub-Saharan Africa Read more

drrainerlenz.wordpress.com · Mar 10, 2026 · Curated 3 months ago

Dr. Rainer Lenz Celebrates Four Articles Among EDPACS' Top 10 Most-Read of All Time

Dr. Rainer Lenz, a prominent voice in internal audit, announced that four of his co-authored articles have achieved a remarkable feat, ranking among the top 10 most-read articles ever published in EDPACS. This recognition highlights the significant impact and relevance of his work on the future of internal auditing, governance, and the evolving role of the internal audit function. For audit and assurance professionals, this underscores key discussions and thought leadership shaping the profession's trajectory.

News & Blogs · Global Read more

wolterskluwer.com · Curated 3 months ago

Internal Audit's Crucial Role in Navigating the EU AI Act: A Global Compliance Imperative

The EU AI Act, set for full enforcement by 2026, establishes a comprehensive, risk-based regulatory framework for AI systems, with significant extraterritorial reach. This legislation mandates robust governance, control, and documentation for AI, particularly for 'high-risk' applications, making AI risk a regulated domain for organizations worldwide. Internal audit functions are uniquely positioned to provide assurance over AI governance, risk classification, data quality, human oversight, and third-party AI risks, ensuring compliance and mitigating significant operational and reputational exposure.

News & Blogs · Europe Read more

consultancy-me.com · Curated 3 months ago

Reimagining Internal Audit: Leveraging Technology and AI for Future-Ready Assurance

Internal Audit functions face increasing pressure to adapt to a rapidly changing risk landscape, driven by geopolitical volatility, ESG regulations, and emerging technologies like Generative AI. This article, authored by Deloitte's Dina Fakih and Fady Sameh, argues for a fundamental transformation of internal audit through technology enablement to enhance its impact, efficiency, and strategic value. It highlights the need for internal audit to move beyond reactive, transactional approaches to become a proactive, insightful partner in organizational resilience.

News & Blogs · Global Read more

cfo.com · Curated 3 months ago

Internal Audit Functions Face Budget and Headcount Cuts, Emphasizing Strategic Alignment

A new report from the Internal Audit Foundation reveals a concerning trend: internal audit functions are experiencing significant budget and staffing reductions. The annual North American Pulse of Internal Audit Survey indicates that nearly one-fifth of IA departments saw budget cuts in 2025, with a similar percentage reporting staff reductions. The findings highlight the critical importance of aligning internal audit priorities with overall organizational strategy to secure necessary funding and resources.

News & Blogs · North America Read more

newtimes.co.rw · Curated 3 months ago

Internal Audit: An Essential Pillar for Organizational Resilience and Integrity

The Institute of Internal Auditors has designated May as Internal Audit Awareness Month, highlighting the critical role internal audit plays in organizational success. This article emphasizes that internal audit is not merely an option but an essential function that protects revenue, ensures compliance, and fosters an ethical culture. It also addresses the challenges faced by internal auditors and the crucial support needed from stakeholders to maintain their effectiveness and independence.

News & Blogs · Sub-Saharan Africa Read more

msudenver.edu · Curated 3 months ago

MSU Denver MPAcc Students Excel at IIA Global Student Conference

Six graduate students from MSU Denver's Master of Professional Accountancy (MPAcc) program, supported by the IIA Denver Chapter, participated in the IIA Global Student Conference. They engaged in sessions on career development and risk management, with two teams achieving 4th and 5th place in the Internal Audit Case Study Competition. Professor Jo Erven also presented on MSU Denver's unique experiential learning model, where students serve as the university's internal audit function.

News & Blogs · North America Read more

wolterskluwer.com · Curated 3 months ago

Data Privacy vs. Data Security: A Critical Distinction for Internal Auditors

This article clarifies the crucial differences between data privacy and data security, emphasizing why internal auditors must understand both to effectively manage risk and ensure compliance. It highlights that while distinct, these two concepts are interdependent, with security forming the foundation for privacy. The piece stresses the evolving role of internal audit from mere compliance checking to strategic risk advisory in the face of increasing data volumes and regulatory complexities.

News & Blogs · Global Read more

optro.ai · Curated 3 months ago

Internal Control Failures: A Wake-Up Call for Internal Audit and Boards

A recent report by the Chartered Institute of Internal Auditors (CIIA) highlights a significant number of internal control failures within the UK financial services sector, leading to over £1 billion in fines. The report identifies recurring issues such as weak financial crime controls, poor governance, ineffective Three Lines Model implementation, data weaknesses, and a failure to remediate known problems. This analysis serves as a critical call to action for internal audit functions, boards, and audit committees to enhance their oversight and effectiveness in preventing such systemic breakdowns.

News & Blogs · Global Read more

internalauditcollective.com · Curated 3 months ago

Navigating Tariff Audits: A Guide for Internal Audit Professionals

Tariffs are increasingly impacting businesses, leading to significant financial costs and compliance challenges. This article, based on an Internal Audit Collective roundtable, provides internal auditors with insights into understanding tariff-related risks and outlines potential audit projects to address this evolving landscape. It emphasizes the importance of cross-functional collaboration and proactive engagement from internal audit teams.

News & Blogs · North America Read more