All Things Internal Audit

All Things Internal Audit: Fraud Podcast"Frankenstein's Roadster" Listen to The IIA's new Fraud Podcast brought to you by All Things Internal Audit. The Fraud Podcast provides fictionalized accounts of real-world frauds featured in Internal Auditor magazine's Fraud department. In this episode, Chief Audit Executive Frank Harley investigates a sophisticated synthetic fraud scheme at Speed Bird Automotive. The fraudster, posing as Sheila Jackson, exploited weak identity verification controls to purchase a luxury Mercedes SL Roadster. Harley's investigation reveals the dealership's vulnerabilities and highlights the critical role of internal auditors in detecting and preventing such fraud. Don't miss "Frankenstein's Roadster." IIA members can access the full article and bonus content here. Interested in more fraud-related topics? Earn 6.6 CPEs by registering for The IIA's 2025 Fraud Virtual Conference, scheduled for February 20, 2025. Chapters: Introduction to the Case (00:00:01) Part 1: The Mysterious Customer (00:00:22) Part 2: Cracks in the Controls (00:02:02) Part 3: Fortifying the System (00:04:08 Resources Mentioned: 2025 Fraud Virtual Conference Association of Certified Fraud Examiners (ACFE) Follow All Things Internal Audit: Apple PodcastsSpotify Youtube LibsynDeezer

The Institute of Internal Auditors Presents: All Things Internal Audit The Institute of Internal Auditors Presents: All Things Internal Audit Tech In this episode, Dana Lawrence and Dhayalaruban Thangaraja discuss the complexities of auditing cryptocurrency and blockchain. They explore the unique challenges these technologies offer and share practical guidance for navigating this evolving landscape. Host: Dana Lawrence, senior director of fintech compliance, Pacific West Bank Guests: Dhayalaruban Thangaraja, internal audit director, BDO Malta Key Points: Introduction [00:00-00:00:07] Ruban's background [00:00:08-00:00:33] Unique challenges in auditing cryptocurrency [00:00:34-00:03:26] Cybersecurity risks and best practices [00:03:27-00:05:06] Overview of regulatory frameworks and MiCA [00:05:07-00:07:06] Preparing for regulatory compliance [00:07:07-00:09:32] Advocating for governance enhancement [00:09:33-00:11:55] Building technical knowledge for internal auditors [00:11:56-00:14:16] Emerging trends in digital assets [00:14:17-00:17:48] Practical steps for auditing cryptocurrency adoption [00:17:49-00:20:29] Final tips for internal auditors [00:20:30-00:22:41] Closing remarks [00:22:42-00:33:25] The IIA Related Content: Interested in this topic? Visit the links below for more resources: Blockchain and IT Governance Online Exclusive: Setting the Standard for Crypto Global Knowledge Brief: Fraud Part I: Fraud in the Cryptosphere Privacy and Data Protection: Part 3 The IIA's Proposed Letter to Congress for Enhancing Corporate Governance at Cryptocurrency Exchanges Visit The IIA's website or YouTube channel for related topics and more. Resources Mentioned: European crypto-assets regulation (MiCA) Dhayalaruban Thangaraja (2024, August 27). Decoding Digital Assets: Challenges for Internal Auditors in the Crypto World The IIA's Fraud Part I: Fraud in the Cryptosphere The IIA's Proposed Letter to Congress for Enhancing Corporate Governance at Cryptocurrency Exchanges Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer

The Institute of Internal Auditors Presents: All Things Internal Audit In today's episode, to kick off the new year, we're counting down your top 5 favorite episodes from 2024! From tackling AI risks and ethics to uncovering misleading greenwashing claims and exploring the next frontier of quantum computing, these episodes highlight the key issues shaping the internal audit profession. So, whether you're a longtime listener or new to All Things Internal Audit, grab a seat and join us as we revisit the episodes that made the biggest impact in 2024. Let the countdown begin! Episode 1: Tackling AI Risks and EthicsRobert Pérez, owner, Pérez Communication Solutions George Barham, director of standards & professional guidance, The IIA Episode 2: Governance and Ethical Dilemmas in AI David Petrisky, director, professional standards, The IIA Brian Willis, LBMC senior manager, cybersecurity advisor Charles King, managing director, advisory services, KPMG LLP Alex Gacheche, head of information security, Meta Ivan Martinez, managing director, internal audit, Goldman Sachs Ethan Rojhani, Grant Thornton principal, risk advisory services Wes Luckock, Grant Thornton senior manager, AI, automation and analytics Episode 3: Exposing Greenwashing Claims David Petrisky, director, professional standards, The IIA Edith Wong, forensic accountant in Investigations and Compliance, FTI Consulting Brian Wilmot, Compliance and Regulatory Counseling and Investigations and White Collar Defense Practices attorney at Paul Hastings LLP Episode 4: Quantum Computing's Impact on Internal Auditing Lynn Moehl, director of internal audit and chief audit executive, The IIA Nick Reese, co-founder and COO of Frontier Foundry & former director of emerging technology at Department of Homeland Security Episode 5: Combating Financial Crime with AIRicardo Martinez, senior manager, Portfolio Strategy, The IIA Antonio Cacciapuoti, head of internal audit, Eurizon Alessandro Casarotti, forensic and anti-financial crime director, PwC Luxembourg Key Points: Introduction [00:00:02 - 00:00:36] Episode 1: Tackling AI Risks and Ethics [00:00:38 - 00:06:27] Overview of the AI auditing framework [00:00:54 - 00:01:41] Building an understanding within the organization [00:01:41 - 00:02:42] Governance, management, and internal audit domains [00:02:42 - 00:04:25] Engagement and leveraging relationships [00:04:25 - 00:05:25] Tools and resources for practitioners [00:05:25 - 00:06:27] Episode 2: Governance and Ethical Dilemmas in AI [00:06:32 - 00:11:42] Introduction to AI governance and ethics [00:06:45 - 00:07:18] Addressing bias and ethical risks in AI [00:07:18 - 00:08:19] Monitoring and controlling AI models [00:08:19 - 00:09:20] Governance standards and independent monitoring [00:09:20 - 00:10:15] Challenges and strategies for maintaining ethical standards [00:10:15 - 00:11:42] Episode 3: Exposing Greenwashing Claims [00:12:04 - 00:16:50] Introduction to greenwashing [00:12:10 - 00:13:00] Legal and regulatory aspects of greenwashing [00:13:00 - 00:14:19] Examples of greenwashing cases [00:14:19 - 00:15:08] Vague environmental claims and their scrutiny [00:15:08 - 00:16:02] Risks and impacts of greenwashing on companies [00:16:02 - 00:16:50] Episode 4: Quantum Computing's Impact on Internal Auditing [00:17:00 - 00:22:58] ntroduction to quantum computing [00:17:04 - 00:17:34] Impact of quantum computing on internal auditing [00:17:34 - 00:18:23] Malicious use and cybersecurity risks [00:18:23 - 00:19:26] Current state and future potential of quantum computing [00:19:26 - 00:20:24] Security risks and workforce training for auditors [00:20:24 - 00:22:58] Episode 5: Combating Financial Crime with AI [00:23:03 - 00:26:37] Introduction to AI in financial crime detection [00:23:18 - 00:24:08] Benefits of AI in transaction monitoring [00:24:08 - 00:25:03] Screening systems and reducing false positives [00:25:03 - 00:25:52] Training AI systems and cybersecurity considerations [00:25:52 - 00:26:37] IIA Related Content: Interested in this topic? Visit the links below for more resources: Auditing Artificial Intelligence Course Demystifying AI: Internal Audit Use Cases for Applying New Technology The IIA's ESG Certificate Program The IIA's Environmental, Social and Governance Knowledge Center The Big Idea: Quantum Computing Elevating Performance and Adding Value Get to Know the New Cybersecurity Topical Requirement Webinar Visit The IIA's website or YouTube channel for related topics and more. Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer

Mike Jacka, the Chief Creative Pilot at Flying Pig Audit, shares insights on the crucial role of soft skills in internal auditing. He emphasizes the need for emotional intelligence and effective communication to drive change and build valuable relationships within organizations. The conversation highlights a shift in hiring practices, focusing on interpersonal skills over traditional qualifications. Jacka also discusses the impact of technology, advocating for a balance between innovation and the essential human touch in audit strategies.

In this engaging conversation, Jeffrey Ridley, a visiting professor at the University of Lincoln and an IIA member since 1966, reflects on his remarkable journey through seven decades of internal auditing. He shares insights on the evolution of corporate governance and the rise of AI and sustainability in auditing. Ridley emphasizes the need for imagination, professionalism, and curiosity among future auditors. Listeners will find his advice inspiring as he outlines the vital impact internal auditors can have on both business and society.

The Institute of Internal Auditors Presents: All Things Internal Audit In this episode, Antonio Cacciapuoti and Alessandro Casarotti join Ricardo Martinez to discuss the impact of AI on financial crime. They explore how AI is being used by criminals, the challenges it presents, and how internal auditors can leverage AI to enhance their controls and detection mechanisms. Learn more from this episode's guests, Antonio Cacciapuoti and Alessandro Casarotti, at their upcoming session at The IIA's 2025 Fraud Virtual Conference on February 20th, 2025. Host: Ricardo Martinez, senior manager, Portfolio Strategy, The IIA Guests: Antonio Cacciapuoti, head of internal audit, Eurizon Alessandro Casarotti, forensic and anti-financial crime director, PwC Luxembourg Key Points: Introduction to AI in Financial Crimes (00:00:02) Criminal Use of AI in Financial Crimes (00:00:35) AI's Impact on Misinformation and Market Manipulation (00:00:51) AI in Transaction Monitoring and Predictive Analysis (00:04:12) Challenges with Data Quality and System Maturity (00:07:24) Human Skills and Data Quality in AI Efficiency (00:08:31) AI's Role in Reducing False Positives (00:06:08) Importance of Human Factor in AI Implementation (00:09:11) AI's Limitations and the Need for Human Oversight (00:10:13) Future of AI in Internal Auditing (00:12:19) Multidisciplinary Approach for Future Talent (00:15:29) Risks of Over-Reliance on AI by Young Auditors (00:17:29) Conclusion and Final Thoughts (00:18:23) The IIA Related Content: Interested in this topic? Visit the links below for more resources: Auditing Artificial Intelligence Course Demystifying AI: Internal Audit Use Cases for Applying New Technology Visit The IIA's website or YouTube channel for related topics and more. Resources Mentioned: IIA 2025 Fraud Virtual Conference PwC Global Economic Crime and Fraud Survey IIA Artificial Intelligence Knowledge Center IIA Vision 2035 Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer

All Things Internal Audit: Fraud Podcast "Uncontrolled Substances" Listen to The IIA's new Fraud Podcast brought to you by All Things Internal Audit. The Fraud Podcast provides fictionalized accounts of real-world frauds featured in Internal Auditor magazine's Fraud department. In this episode, Chief Audit Executive Trevor Smith uncovers a two-year scheme at Berkshire Healthcare where hospital director Chris Basil exploited weak controls to steal pain medications. The case highlights the vital role of internal auditors in tackling non-financial fraud. Don't miss "Uncontrolled Substances" IIA members can access the full article and bonus content here. Interested in more fraud-related topics? Earn 6.6 CPEs by registering for The IIA's 2025 Fraud Virtual Conference, scheduled for February 20, 2025. Chapters: Introduction to the Case (00:00:01) Part 1: The Bitter Pill (00:00:26) Part 2: Prescription for Disaster (00:01:19) Part 3: A Hard Pill to Swallow (00:02:14) Part 4: A Dose of Reality (00:03:15) Resources Mentioned: 2025 Fraud Virtual Conference Association of Certified Fraud Examiners (ACFE) Follow All Things Internal Audit: Apple PodcastsSpotify Youtube LibsynDeezer

All Things Internal Audit: Filling the Internal Audit Talent Gap (Bonus Content) In this episode, Amanda Jo Erven talks with Desiree Rivera about developing the next generation of internal auditors. They discuss attracting new talent and the power of mentorship and community. In bonus content, Jerick Mediavilla joins Robert Perez to discuss the challenges of keeping content fresh and relevant for a global audience. Guests:Amanda Jo Erven, lecturer and director of Internal Audit Education, MSU Denver Host:Desiree Rivera, IIA Academic Relations manager Key Points: Introduction and Episode Overview (00:00:02) Amanda's Journey in Internal Audit (00:00:28) Challenges in the Internal Audit Talent Pipeline (00:02:59) Creative Recruitment Strategies (00:04:38) Essential Skills for Internal Auditors (00:07:22) Mentorship and Community Engagement (00:12:15) Advice for Young Professionals (00:18:24) Introduction to Bonus Content (00:20:48) Collaboration with Subject Matter Experts (00:23:08) Challenges in Content Development (00:24:27) Feedback and Continuous Improvement (00:26:38) Ensuring Compliance (00:26:38) BONUS CONTENT HOST: Robert Pérez, owner, Pérez Communication Solutions GUEST:Jerick Mediavilla, IIA curriculum quality specialist The IIA Related Content: Interested in this topic? Visit the links below: Internal Auditing Education Partnership (IAEP) Program Internal Audit Competency Framework IIA Learning and Development IIA's Learning Center Visit The IIA's website or YouTube channel for related topics and more. Resources Mentioned: Internal Auditing Education Partnership (IAEP) Program MSU Denver's Risk Assurance & Advisory (Internal Audit) Program MSU Denver Accounting Student Organization (ASO) NASBA (National Association of State Boards of Accountancy) Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer

All Things Internal Audit Tech: Leveraging Data Analytics In this episode, Robert Findlay talks with Lynn Moehl about the evolving role of data analytics and AI in internal auditing. Findlay shares strategies for overcoming challenges, best practices for integrating data analytics, use cases, and the importance of clear communication with stakeholders. They discuss the differences between basic data analytics and AI, the skills required for each, and how advanced tools can enhance audit processes. Guests:Robert Findlay, global head of IT Audit, Glanbia Host:Lynn Moehl, IIA director of Internal Audit and CAE Key Points: Introduction to Data Analytics and AI in Internal Auditing (00:00:02) Differences Between Basic Data Analytics and AI (00:00:34) Skills Required for Data Analytics vs. AI (00:01:21) Effective Tools for Specific Audit Scenarios (00:02:17) Access to Data and Organizational Policies (00:04:07) Criteria for Choosing the Right Tool (00:05:02) Challenging Audit Scenarios and Data Analytics Solutions (00:05:35) Surprising Insights from Data Analytics (00:06:43) Pitfalls and Mitigation Strategies in Data Analytics (00:08:13) Communicating the Benefits of Data Analytics (00:10:08) Best Practices for Integrating Data Analytics (00:11:11) Measuring Success of Data Analytics Initiatives (00:12:19) Guidance for Using AI in Analytics (00:13:15) The IIA Related Content: Interested in this topic? Visit the links below for more resources: Data Literacy Certificate: A Journey to Data Analytics Data Analytics: Part 3, Developing a Resilient Data Analytics Strategy Microsoft® Excel: Data Analytics Descriptive statistics Getting Started With: Data Analytics Visit The IIA's website or YouTube channel for related topics and more. Resources Mentioned: Excel ACL: Galvanize ACL Python scripts Tableau QlikView SAP Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer

All Things Internal Audit: The IIA's Updated Quality Assessment Manual The Institute of Internal Auditors Presents: All Things Internal Audit In this episode, Dirk Debruyne and Marthin Grobler discuss The IIA's recently released Quality Assessment Manual, 2024 Edition, with David Petrisky. They share their personal experiences with quality assessments and the development of the updated manual, including how it aligns with the new Global Internal Audit Standards. In bonus content, The IIA's Deborah Poulalion joins Robert Perez to discuss the 2024 North American Pulse of Internal Audit Report. Guests: Dirk Debruyne, managing director, D2 CAE Solutions Marthin Grobler, CAE and owner, IA Professionals Host:David Petrisky, director, Professional Standards, The IIA Key Points: Introduction to the episode and guests [00:00:02] Importance of quality assessments and ISB's role [00:00:30] Marthin Grobler on his project involvement [00:01:10] Dirk Debruyne's background and contributions [00:02:16] Task force responsibilities and challenges [00:03:16] Focus on ethics in Domain 2 [00:04:24] Comparison with previous QA Manual versions [00:05:50] Alignment with new standards and assessment impact [00:07:26] Use of manual for internal and external assessments [00:09:00] Challenges in assessing conformance methodology [00:10:00] Governance's impact on audit quality [00:12:23] Introduction of the maturity model [00:14:39] Adding maturity assessments [00:16:00] Templates and tools in the manual [00:17:16] Benefits of the four-point conclusion scale [00:18:49] Performance outcomes in assessments [00:21:01] Guidance on self-assessment with validation [00:22:38] Board and CAE expectations for assessments [00:24:14] QA Manual's role in meeting expectations [00:26:07] Future innovations and tech in assessments [00:27:42] Value of external quality assessments [00:30:54] Final thoughts for the internal audit community [00:32:23] Bonus content [00:38:20] BONUS CONTENT HOST: Robert Pérez, owner, Pérez Communication Solutions GUEST:Deborah Poulalion, IIA senior data analyst, The IIA The IIA Related Content: Interested in this topic? Visit the links below: Webinar: Introducing the New Quality Assessment Manual: Aligned with the Global Internal Audit Standards Quality Insights: Implementing an Internal Audit Strategic Plan Webinar: Quality Assessment Challenges and Opportunities 2025 and Beyond Participate in the 2025 North American Pulse Survey Visit The IIA's website or YouTube channel for related topics and more. Resources Mentioned: Quality Assessment Manual, 2024 Edition International Internal Audit Standards Board North American Pulse of Internal Audit Risk in Focus Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer