All Things Internal Audit

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.

Going global: The IIA’s EVP of Affiliate Relations and Global Advocacy, Javier Faleato, gives a preview of The IIA’s 2023 International Conference Amsterdam, Netherlands.  Diversity, equity and inclusion are in focus as Dolapo Adedeji, Managing Director, Internal Audit and Financial Advisory at Protiviti and Shalim Matos, CFO at the Atlanta Institute of Internal Auditors, share their powerful perspectives on the Benefits and Impact of DEI. Driving Change: Laura LeBlanc of The Internal Audit Foundation speaks with Amy Fread, Senior Manager, Risk & Financial Advisory at Deloitte about Internal Audit’s Role in Driving Diversity Equity & Inclusion.  BONUS Member Content IIA members gain exclusive access to an extended version with bonus content including: The Benefits of DEI: Learn strategies to promote, support and celebrate DEI. Driving Diversity and DEI:Guests share leading practices for recruiting inclusive talent. Visit: www.theiia.org for more information. DISCLAIMER: The views expressed in this video are not specifically those of Deloitte or the IIA, but refer generally to the Internal Audit profession. This video is not a substitute for professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte and the IIA shall not be responsible for any loss sustained by any person who relies on this video.

To celebrate internal audit awareness month, we’re highlighting the leaders who are forging the future of the profession. We’ll speak with some of today’s IIA Chapter leaders, connecting members with career development and educational resources in regions all around the world. We speak with tomorrow’s leaders—attendees of the Global Student Conference held recently in Orlando, Florida—to learn what excites them most about a career in internal audit. Greg van Choyke of The IIA chats with Sarah Duckwitz, Director, Internal Audit at CrossFirst Bank on adding big value with small audit teams. IIA District Representative Jami Shine speaks with Yvette Adams, Senior Audit Manager at Zions Bancorporation and Jude Viator, Consulting Associate Director at Postlethwaite & Netterville about developing your personal brand. In our “I Am” profile, Rosalie Ennes, CEO and Founder of Portecua Consulting, shares what drew her to internal audit, and the fulfillment of her ambition of mixing travel and career growth. BONUS Member Content IIA members gain exclusive access to an extended version with bonus content including: Tips for Small Audit Teams: Learn the four main categories of technology that help small teams deliver value. Networking Toward Success:A simple strategy to develop your unique personal brand.

The new Pulse of Internal Audit for North America was released recently and The IIA’s Harold Silverman shares the findings that internal audit leaders have reacted to most profoundly. At the recent GAM Conference, many learning sessions featured practical tips on using data to work more efficiently and intelligently. Nicole Huie of The Internal Audit Foundation speaks with GAM presenters Pat Ferrell and Ben Getz of RLI Corporation on Using Data to Perform Corporate Risk Assessments. A critical part of successfully integrating technology and innovation into internal audit is having the right metrics. Jaimie Yang of Raytheon discusses Defining Metrics That Matter with Sarah Kuhn of Phillips Petroleum. BONUS Member Content IIA members gain exclusive access to an extended version with bonus content including: Using Data to Perform Corporate Risk Assessments: Pat Ferrell and Ben Getz of RLI Corporation describe how to use initial risk vs. cumulative risk when building the audit plan. Defining Metrics that Matter: Sarah Kuhn of Phillips Petroleum shares a five-step process that will set up internal audit to truly measure performance. Visit: www.theiia.org for more information

The recent release of a public comment draft of the new Global Internal Audit Standards™ reflects significant input from internal audit leaders and their stakeholders. Now it’s time for practitioners and other interested parties around the world to weigh in. IIA President and CEO Anthony Pugliese chats about this important opportunity for public input as the profession’s governing documents evolve. Do stakeholders seem disinterested or even push back on your audit department’s reports? Author Margie Bastolla offers solutions from her soon-to-be-released book, Clarity, Impact, Speed: Delivering Audit Reports That Matter. The move to hybrid or remote work environments requires leaders to adapt how they work with others, and how they deliver feedback also must evolve. Jeannette Buttler, MBA, CPA, CISSP, CISA has some tips to share on successfully leading and having difficult conversations with hybrid or remote teams. BONUS Member Content IIA members gain exclusive access to an extended version with bonus content including: Writing Reports:  Four specific steps you can use to help your team deliver clear and impactful reports. Managing Remote Teams:  Three areas for managers to focus on when preparing to have a direct or difficult conversation.

Fraud impacts every organization, and deterring it takes teamwork. Chrysti Ziegler, CFE, CIA and CRMA, and David Dominguez, CIA, CFE, CISA, CRMA, share their views on the importance of partnership between internal auditors and fraud examiners.   As automated digital tools become more prevalent, internal auditors need to have greater control and insight on their impact. In this episode, Chris Denver and Ma’Kayla Tillman of Crowe, share practical approaches for auditing robotic process automation (RPA). In The Big Idea, we expose the “thought processes” of Artificial Intelligence to encounter “Explainable AI.”   Also, Durran Dunn, an award-winning accounting/finance professional and elite sprint athlete known as “The Freeze,” shares his winning coaching strategies and techniques for the innovators and leaders of tomorrow.  BONUS Member Content IIA members gain exclusive access to an extended version with bonus content including: Integrity and Leadership: Durran Dunn shares the essential nature of integrity and leadership. Robotics Process Administration: Chris Denver and Ma’Kayla Tillman share four takeaways regarding auditing RPA. To learn more about membership, visit: https://www.theiia.org/en/membership/

In the first episode of 2023, and fourth in the flagship video/audio podcast series, we pick up where we left off last year with internal auditors’ predictions on the biggest issue for the profession this year. If you need a reminder, environmental, social, and governance (ESG) dominated practitioner's predictions for the biggest issue in 2023. That’s why this episode is appropriately titled, “ESG in 2023: Evolving from Compliance to Value Creation.” As governments around the globe continue to issue or consider new ESG regulations, internal audit must create new priorities that align with a holistic and responsible world view. This reality is reflected in survey data from Deloitte’s “Sustainability Action Report,” which found that stakeholders want more than just a “check-the-box” compliance exercise when it comes to ESG. Luckily, we have industry leaders chiming in with clear direction that is anything but “check please.” Yvette Connor, Strategic Risk Services Leader at Grant Thornton, LLP, outlines some important considerations when choosing an ESG framework. Sibasis Panda, Director of Internal Audit at Canadian Imperial Bank of Commerce, discusses the evolution from basic ESG compliance to value creation. Plus, Diedre Melton reveals her “Creative Ways to Grow Your Team’s Skillsets,” even when resources are limited. BONUS Member Content IIA members gain exclusive access to an extended version with bonus content. ESG Framework: Yvette Connor presents ESG framework “do’s” and “don’ts” for all internal auditors to know and avoid. Talent Management: Diedre Melton shares four key takeaways to upskill your team and “win” in talent management. ESG Strategy: Sibasis Panda recommends steps for supporting the chosen ESG strategy. Visit: www.theiia.org for more information