All Things Internal Audit

James Park, Group Audit Technical Program Manager at Microsoft, shares strategies for internal auditors to incorporate AI into their work, and review controls over its usage. Access more content at Podcasts and Videos from the IIA.

Javier Faleato, EVP Global of Strategy & Affiliate relations, discusses the Global Risk in Focus report series with internal audit leaders. Topics include regional risk concerns, where auditors spend their time, and the changing landscape of risk with AI and climate change.

A forensic audit manager uncovers a significant fraud involving a sales bonus. The fraud scheme involves a shell company and deceiving the billing department. The scheme unravels when Francis confides in a banker, leading to her arrest.

A growing manufacturer acquires a company with retirement motives. An auditor uncovers a disappearing staff and fake invoices. The culprit behind a billing scheme is confronted and agrees to a deal with prosecutors.

"Update on Global Standards and Sustainability" features Katleen Seeuws, VP of Standards at The IIA, discussing new global audit standards. Michelle Hurley from Wolters Kluwer TeamMate covers tips for finding a sustainability framework, while Sara Gonzalez, ESG Audit Manager at ING Spain, shares insights on organizing sustainability strategies. The podcast delves into ESG risks, audit responses, and reporting on ESG frameworks.

Learn about challenges in the floodlight industry and the introduction of the Maxforce 2000. Discover how the chief audit executive investigates cash flow shortfalls and uncovers fraudulent activities in the e-commerce division.

This month we examine the high-tech and the high-risk aspects of internal audit. We’ll discuss the risks (and opportunities) represented by the metaverse and extended reality (XR) with a team of experts from KPMG LLP and Meta. With Dana Lawrence, Director of Fintech Compliance, Pacific West Bank we’ll dive into “Crypto Hacks, Scandals, and Headlines.” BONUS Member Content IIA members gain exclusive access to an extended version with bonus content including: Digital Internal Audit: The Upside and Risks of Extended Reality and Metaverse: We identify specific risks in Extended Reality and the Metaverse. Crypto Hacks, Scandals, and Headlines: Three key issues for internal auditors to consider regarding cryptocurrency.

A telecom company learns about the importance of employee background checks after experiencing fraud. The podcast discusses the discovery of fraudulent refund activities and excessive refunds to friends and family members. The investigation prompts changes to the background check process and refund approval system.

Ethical resilience is often listed as one of the top attributes of high performing internal auditors and audit leaders in organizations around the world. We speak with former IIA Chair Richard F. Chambers on how to identify and navigate blind spots and other challenges. Ian Peters, PhD, Director and CEO of the Institute of Business Ethics in the UK, shares some of the hazards of not having an ethical culture within an organization, and imparts strategies for building and auditing an ethical culture. BONUS Member Content IIA members gain exclusive access to an extended version with bonus content including: The Ethical Auditor: How to examine the perception we hold of ourselves as internal auditors vs. the reality. Auditing for Ethical Culture:Tips for measuring ethical culture within an organization. For more information, visit: theiia.org

Listen to the premiere episode of 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 Episode 1, Cooking the Books, we learn why the cafeteria at Phoenix P-H-O Hospital was so deep in the red.  IIA members can access bonus content in the form of lessons learned by reading the full Fraud article in the June digital edition of  Internal Auditor magazine.