The Profession at a Crossroads: Reinvent or Risk Irrelevance

The Institute of Internal Auditors Presents: All Things Internal Audit In this episode, Brad Monterio and Tom McLeod take an unfiltered look at The IIA's future. From transforming learning through AI and simulation to reimagining the Standards and global influence, they discuss what it takes to build a next-generation IIA; one defined by intelligent, integrated assurance, agility, and audacious thinking.

HOST:

Brad Monterio, Executive Vice President of Learning, Licensing, and Sales, The IIA

GUEST:

Tom McLeod, Former Chief Audit Executive and Chief Risk Officer; Global Assurance and AI Advisor

KEY POINTS:

• Introduction [00:00–00:00:38]
• A Pivotal Moment for the Profession [00:00:38–00:03:55]
• AI's Opportunity and Threat to Internal Audit [00:03:55–00:06:51]
• Real-Time Assurance and the Death of Sampling [00:08:23–00:10:22]
• Risk, Trust, and Assurance in a New Era [00:10:22–00:12:02]
• The Rise of the Algorithm Auditor [00:19:13–00:21:07]
• Rethinking Pathways Into the Profession [00:21:07–00:23:06]
• Future of Certifications and Standards [00:23:06–00:26:06]
• Education Through Simulation [00:26:06–00:30:07]
• The Three E's: Efficiency, Effectiveness, Education [00:29:54–00:30:35]
• A Global, Cross-Disciplinary Moment [00:30:35–00:39:57]
• Assurance in the Loop [00:41:01–00:43:08]
• Internal Audit as Ethical Conscience and Risk Educator [00:43:20–00:44:44]
• Provocation With Purpose [00:48:01–00:49:06]
• Four Challenges for The IIA [00:49:13–00:53:00]
• Reimagining The IIA: Intelligent or Integrated Assurance [00:53:11–00:55:15]
• The Need for Speed, Agility, and Unease [00:56:07–00:59:20]
• A Call to Personal Curiosity and Courage [01:00:03–01:01:17]
• Final Reflections: Planting Trees for the Next 100 Years [01:01:17–01:01:53]
• Closing [01:10:56–01:11:21]

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• 2025 RISE Virtual Conference
• 2026 International Conference – Singapore
• Internal Auditing Competency Framework™
• Knowledge Centers: Artificial Intelligence

Visit The IIA's website or YouTube channel for related topics and more.

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