Internal audit departments can effectively manage arising risks while capitalizing on the capabilities of AI and data ...

In an era of increasingly sophisticated financial crimes and evolving regulatory, compliance, and internal audit needs, ...

In 2022, the Auditing Standards Board (ASB) issued new standards dealing with quality management (QM) that will become ...

Internal investigations often start small. A complaint, a suspicious transaction, or a red flag in a routine audit. Most ...

The move builds on an existing alliance between AuditBoard and EY US, which launched in 2022, and will provide UK businesses with tailored consulting and integration services to help them enhance ...

Audit risk can be divided into three categories: control risk, detection risk, and inherent risk. The risk that a company's internal practices ... when inadequate risk management is in place ...

By streamlining tasks such as risk assessment, control testing, and reporting, gen AI has the potential to increase efficiency across the entire SOX lifecycle.

This approach could allow researchers to audit these systems for safety issues ... By manipulating these internal representations — for example, replacing “Texas” with “California ...

“There is synergy between risk management and internal audit, and we have limited resources.” “Risk management and internal audit fit together and we don’t have a better place for it right now.” Back ...

Second Line: Risk management and compliance functions provide oversight using existing governance structures. Third Line: Internal audit provides independent validation but focuses on high-priority ...