All Things Internal Audit

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.

All Things Internal Audit: Risk & Cyber Audit Opportunities with AI

In this episode, thought leaders discuss the groundbreaking applications of AI in enhancing compliance programs, continuous risk assessment, and cybersecurity audits. Industry experts share real-world examples, such as the use of ChatGPT for PCI DSS compliance and dynamic risk scoring frameworks. Discover how AI is making audit processes more efficient, accurate, and cost-effective, and learn about the crucial role it plays in improving internal audit services.

This conversation covers:

• AI's role in developing and testing PCI DSS compliance programs
• Training AI models on organizational systems for tailored risk assessments
• Continuous risk assessment through AI-powered automation
• AI applications in scenario analysis using cross-departmental data
• Enhancing dynamic and efficient risk assessment processes with AI
• AI in cybersecurity audits for improved accuracy and cost reduction
• Leveraging AI for better communication and collaboration in audits
• Real-world examples of AI tools streamlining risk assessment and compliance tasks

Speakers:

• Brian Willis, LBMC senior manager, cybersecurity advisor
• Kunal Agrawal, Diligent customer success director
• Ethan Rojhani, Grant Thornton principal, risk advisory services
• Wes Luckock, Grant Thornton senior manager, AI, automation and analytics

This episode is available on all major podcast platforms or on our YouTube channel.

All Things Internal Audit: Public Sector Considerations for New IIA Standards In this episode, Pamela Stroebel Powers, the IIA director of professional practices, discusses the newly released 2024 Global Internal Audit Standards, with an emphasis on the public sector. She explores the changes, challenges, and resources available to help internal auditors adapt to these updates. This conversation covers:

• Inclusion of public sector considerations
• Governance complexities in the public sector
• Strategies for meeting new standards
• Conformance readiness assessment tool
• Strategic planning and performance measures
• Regional and public sector-specific challenges
• Resources and support from the IIA for public sector auditors

This episode is available on all major podcast platforms or on our YouTube channel.

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.

Workiva's VP of Global ESG and CSO, Mandi McReynolds, discusses the evolving regulatory landscape for sustainability. With an emphasis on the necessity for collaboration among various teams within companies, including finance, risk, and ESG, to effectively navigate these new regulations. This conversation covers: -Compliance challenges -Preparing for new sustainability regulations -Governance -Leveraging technology, including artificial intelligence - The future direction and impact of sustainability reporting requirements and regulations -Internal audit's role Get the full episode wherever you get your podcasts or YouTube: www.youtube.com/@IIAGlobalHQ/podcasts IIA members gain exclusive access to an extended versions with bonus content at: www.theiia.org/en/resources/Podcasts-and-Video-from-The-IIA/.

Lexica AI CFO Jannies Burlingame discusses her upcoming presentation at the IIA's Analytics, Automation and AI Virtual Conference with Senior Manager of Content Strategy and Development Robert Pérez. The conversation covers:

• Understanding data bias and misinterpretation
• Leveraging the benefits of Explainable AI (XAI)
• More!