All Things Internal Audit

All Things Internal Audit Tech: Quantum Computing In this episode, Frontier Foundry Co-founder and COO, Nick Reese, delves into the groundbreaking world of quantum computing and its game-changing potential for auditing. Discover how this cutting-edge technology could revolutionize the profession and learn practical tips on how internal auditors can stay ahead of the curve. Guest: Nick Reese, co-founder and COO of Frontier Foundry & former director of emerging technology at DHS Frontier Foundry Website hello@frontierfoundry.com Host: Lynn Moehl, director of internal audit and chief audit executive at The IIA Key Points:  Introduction to Quantum Computing(00:00:02 - 00:00:21) Quantum Computing’s Impact on Auditing(00:00:54 - 00:02:47) Data Security and Cryptography Risks(00:03:2 - 00:06:22) Opportunities with Quantum Technology (00:07:41 - 00:08:54) Resources for Staying Informed (00:10:23 - 00:10:43) Practical Steps for Auditors (00:06:32 - 00:07:07, 00:10:15 - 00:11:48) Current State and Future of Quantum Computing (00:02:54 - 00:03:08, 00:14:44 - 00:14:49) Workforce Education and Preparation (00:18:12 - 00:19:34) Resources Mentioned: DHS Post-Quantum Cryptography Roadmap National Institute of Standards and Technology (NIST) The IIA Related Content: Interested in this topic? Learn more about the role of internal auditors in providing organizations assurance for emerging technologies here. Visit The IIA's website or YouTube channel for related topics and more.

All Things Internal Audit: Fraud Podcast "Playing the Fraud Card" 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 the latest episode, City Auditor Michelle Martinez uncovers a gift card scam orchestrated by Jonathan Erick, a former City of Sommerville employee, using city funds. Martinez's keen auditing skills reveal Erick's misuse of purchase cards, leading to his arrest and highlighting the importance of robust internal controls. Listen to “Playing the Fraud Card.”IIA members can access bonus content in the form of lessons learned by reading the full Fraud article. Available now on all major podcast platforms and our Youtube channel.

All Things Internal Audit Tech: AI Governance & Ethical Considerations In this episode, hear from industry thought leaders about governance and ethical considerations of artificial intelligence usage in the internal audit profession. Experts discuss strategies to mitigate risks of sensitive data disclosure in public AI tools and emphasize the importance of governance and monitoring in AI implementation. They address ethical concerns, including preventing AI-generated risks and ensuring safe AI practices in applications involving human safety.  This conversation covers: Mitigating Risk of Sensitive Data Disclosure Governance and Monitoring in AI Importance of oversight and ethical auditing practices Preventing AI Hallucinations and Risks Strategies for ensuring ethical AI outputs through human intervention. Ensuring Safe AI Practices Addressing ethical and safety concerns in AI applications. Speakers:  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 This episode is available on our website on our YouTube channel.

All Things Internal Audit: Key Takeaways from Occupational Fraud 2024: A Report to the Nations In this episode, Mason Wilder, research director of the Association of Certified Fraud Examiners, discusses the findings and implications of the Occupational Fraud 2024: A Report to the Nations. This conversation covers: Fraud detection and reporting methods Fraud profiles Impact of the COVID-19 pandemic on fraud Importance of fraud risk management Using reports to enhance fraud prevention efforts Value of fraud awareness training This episode is available on all major podcast platforms or on our YouTube channel.

Experts in this podcast discuss how AI is revolutionizing internal audits by enhancing compliance programs, continuous risk assessment, and cybersecurity audits. They highlight real-world examples using AI tools like ChatGPT for PCI DSS compliance and dynamic risk scoring frameworks. The conversation covers AI's role in improving audit efficiency, accuracy, and cost-effectiveness, especially in scenario analysis and communication in audits.

Pamela Stroebel Powers, IIA director, discusses challenges and strategies for public sector auditors adapting to new internal audit standards. Topics include governance complexities, conformance readiness, and resources from the IIA to support auditors.

All Things Internal Audit: Fraud Podcast "The Language of Fraud" 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 the latest episode, a company receives a whistleblower complaint against one of its new acquisitions, Slate. An investigation of the communications between Slate executives and a vendor reveals key words of corruption. Listen to “The Language of Fraud.” IIA members can access bonus content in the form of lessons learned by reading the full Fraud article. Available now on all major podcast platforms and our Youtube channel.  

All Things Internal Audit: Exploring IPPF Topical Requirements  In this episode, George Barham, director of Standards and Professional Guidance for Technology at The IIA, discusses the Topical Requirements component of the International Professional Practices Framework. This conversation covers:   -Purpose and importance of Topical Requirements in the IPPF -Background and development of Topical Requirements -Explanation of Topical Requirements' structure and components -Quality assessment of Topical Requirements -Focus on draft Cybersecurity Topical Requirement -Public comment period and practitioner feedback opportunity -Enhancing relevance and value of internal audit services Get the full episode wherever you get your podcasts or YouTube.

All Things Internal Audit: Generative AI Uses for Internal Audit In this episode, Grant Ostler, Industry Principal at Workiva, and Sue King, Partner and SOX Solutions Lead at KPMG, delve into the practical applications of generative AI in the workplace and its impact on internal auditors. This conversation covers: -AI compliance challenges -Preparing for AI integration -Emerging trends and technologies -Governance in AI implementation -Maximizing AI technology -Future directions of AI in audit Listen to full episodes at The IIA website and our YouTube channel.

All Things Internal Audit: The Data Dilemma   In this episode, Jim Pelletier, Senior Product Manager at Wolters Kluwer TeamMate, discusses how internal auditors can position themselves to provide assurance on all aspects of data within their organizations, particularly as new technologies and regulations will increasingly rely on data. Key to sound data governance is ensuring that data is accurate, complete, reliable, and relevant. This conversation covers:   -Critical importance of data quality in internal audit-Challenges to maintaining data quality-Internal audit's role in assessing and validating data quality -Risk assessment processes integration -Strategies for audit leaders to engage with stakeholders -Data governance issues -Artificial intelligence and ESG reporting on data quality This episode brought to listeners from The IIA and Wolters Kluwer.   Get the full episode wherever you get your podcasts or YouTube.