All Things Internal Audit: Fraud Podcast"Too Close to the Sun" 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 this episode, Chief Audit Executive Robert Soar investigates Summit HVAC's disastrous acquisition of Tan Solar. Rushed due diligence had missed unpermitted installations, deceptive sales tactics, and mounting legal troubles. Soar uncovers critical oversights, highlighting internal auditors' role in preventing costly missteps. IIA members can access the full article here.

Interested in more fraud-related topics? Earn CPEs by registering for The IIA's Fraud Analytics for Internal Auditors Certificate, online and in-person. Chapters:

• Introduction to the Case (00:00:01)
• Part 1: Setting the World on Fire (00:00:23)
• Part 2: Burning Money (00:01:57)
• Part 3: Going Down in Flames (00:04:08)

• Association of Certified Fraud Examiners (ACFE)

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The Institute of Internal Auditors Presents: All Things Internal Audit Tech

In this episode, Warren Stippich speaks with Ethan Rojhani about the evolving role of agentic artificial intelligence in internal auditing. They discuss how agentic AI differs from traditional AI, its impact on risk assessment, and the skills internal auditors will need to adapt. They talk about the ethical considerations, automation of controls testing, and the future of AI-driven audit execution.

Host: Warren Stippich, CIA, CRMA, CPA, national managing principal — Advisory Services Quality and Risk, Grant Thornton

Guest:

Ethan Rojhani, CPA, CFE, principal, Grant Thornton

Key Points

• Introduction [00:00-00:00:06]
• What is Agentic AI? [00:07-01:34]
• Key Differences Between Traditional AI and Agentic AI [01:35-05:45]
• The Future of Agentic AI in Internal Auditing [05:46-09:51]
• Real-world Applications of Agentic AI in Internal Audit [09:52-12:25]
• Shifting from Compliance to Advisory Roles [12:26-19:13]
• Ethical and Risk Considerations [19:14-25:51]
• The Future of Internal Auditors in an AI-driven World [25:52-30:34]
• Advice for Auditors on Adopting AI [30:35-33:02]
• Final Thoughts [33:03-36:04]

The IIA Related Content Interested in this topic? Visit the links below for more resources:

• The IIA's 2025 Analytics, Automation and AI Virtual Conference
• The IIA's Vision 2035 Report
• Knowledge Centers: Artificial Intelligence
• Auditing the Cybersecurity Program Certificate
• Implementing The IIA's New Cybersecurity Topical Requirement
• Cybersecurity Topical Requirement
• "Undercover AI," Internal Auditor magazine
• The IIA's Updated AI Auditing Framework

Visit The IIA's website or YouTube channel for related topics and more.

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The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Deborah Poulalion and Andy Cook break down the 2025 North American Pulse of Internal Audit report. They discuss emerging trends, challenges, and opportunities for internal auditors, covering issues like strategy, funding, and artificial intelligence. The 2025 North American Pulse of Internal Audit report is sponsored by AuditBoard. The public consultation for the Third-Party Topical Requirement is open! Review the draft and share your feedback by April 20, 2025. Visit this link to access the public consultation draft to have your say!

Host:

Deborah Poulalion, senior manager, Research & Insights, The IIA

Guests:

Andy Cook, CIA, director, Professional Guidance – Financial Services, The IIA

Key Points:

• Introduction (00:00-00:09)
• The North American Pulse of Internal Audit report (00:10-00:31)
• The impact of strategy and funding on internal audit (00:32-05:15)
• The shift toward advisory services (05:16-08:41)
• Technology risks and cybersecurity challenges (08:42-10:45)
• The growing importance of data analytics (10:46-13:31)
• The role of generative artificial Intelligence in internal audit (13:32-16:57)
• Expanding responsibilities of chief audit executives (16:58-19:10)
• Audit planning and resource allocation (19:11-22:36)
• Gender trends in internal audit leadership (22:37-24:10)
• Remote work trends in internal audit (24:11-28:41)
• The Global Internal Audit Standards and available resources (28:42-29:40)
• Final thoughts and closing remarks (29:41-30:25)

The IIA Related Content: Interested in this topic? Visit the links below for more resources:

• The IIA's Research & Reports Center
• 2025 Risk in Focus
• Standards Knowledge Center

Visit The IIA's website or YouTube channel for related topics and more.

• The IIA's 2025 North American Pulse Of Internal Audit
• The IIA's Global Internal Audit Standards
• The IIA's Vision 2035 Report
• The IIA's Public Consultation for Third-Party Topical Requirement

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The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Mike Levy talks with Mike Jacka about the growing role of advisory services in internal auditing. They discuss how today's internal auditors are offering strategic insights that go beyond assurance work. They also cover how to balance objectivity with advisory work, how to fit advisory into audit planning, and how to show the value of these services.

Host:

Mike Levy, CIA, CRMA, chief executive officer and managing principal, Cherry Hill Advisory

Guests:

Mike Jacka, CIA, CPA, CPCU, CLU, chief creative pilot at Flying Pig Audit, Consulting and Training Solutions

Key Points:

• Introduction [00:00-00:06]
• The role of advisory services in internal audit [00:07-00:27]
• Balancing objectivity with advisory work [00:28-02:06]
• Early engagement and its impact on risk management [02:07-04:49]
• Real-world example: social media consulting [04:50-05:56]
• Advisory services in small vs. large internal audit functions [05:57-07:06]
• Pre-implementation reviews as a key advisory opportunity [07:07-09:32]
• Addressing the fear of losing objectivity in advisory work [09:33-10:45]
• Demonstrating advisory value to audit committees [10:46-14:08]
• Using assurance work to identify advisory opportunities [14:09-17:02]
• Developing skill sets for effective advisory work [17:03-19:03]
• The impact of strong relationships and trust in internal audit [19:04-22:41]
• How the Global Internal Audit Standards support advisory services [22:42-26:06]
• Fostering an advisory mindset within audit teams [26:07-28:18]
• Strategies for internal auditors to enhance their influence [28:19-30:37]
• Final thoughts and advice for internal auditors [30:38-32:00]

The IIA Related Content: Interested in this topic? Visit the links below for more resources:

• Learning Solutions: The Advisory Engagement

Visit The IIA's website or YouTube channel for related topics and more.

• The IIA's Complete Global Internal Audit Standards
• The IIA's Cybersecurity Topical Requirement
• The IIA's External Quality Assessment (EQA)
• The IIA's Emerging Leaders Mentoring Program

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The Institute of Internal Auditors Presents: All Things Internal Audit Tech

In this episode, Bill Truett talks with Nick Lasenko about the critical role of identity and access management in today's organizations. They discuss common risks, best practices, and the impact of AI on identity and access management. The conversation also covers frameworks, regulatory requirements, and real-world use cases.

Host:

Bill Truett, CIA, CISA, senior manager, Standards & Professional Guidance, IT, The IIA

Guest: Nick Lasenko, CISA, CISSP, cybersecurity, privacy, and risk management practitioner

Key Points

• Introduction [00:00-00:00:07]
• Overview of identity and access management [00:00:08-00:00:31]
• The financial impact of data breaches [00:00:32-00:01:26]
• Challenges in detecting and responding to security incidents [00:01:27-00:02:26]
• Common identity and access management risks for auditors [00:02:27-00:03:26]
• Weak governance and its implications [00:03:27-00:04:26]
• Siloed organizations and identity and access management complexities [00:04:27-00:05:26]
• Regulatory frameworks and standards [00:05:27-00:07:26]
• Identity and access management controls and data governance [00:07:27-00:09:26]
• Real-world use cases and security incidents [00:09:27-00:11:26]
• Horror stories and lessons learned in identity and access management [00:11:27-00:13:26]
• Best practices for managing user access reviews [00:13:27-00:16:26]
• Continuous authentication and its challenges [00:16:27-00:18:26]
• Privileged access management and audit considerations [00:18:27-00:21:26]
• The impact of AI and machine learning on identity and access management [00:21:27-00:23:26]
• Final thoughts on strengthening identity and access management controls [00:23:27-00:25:26]
• Closing remarks [00:25:27-00:31:43]

The IIA Related Content Interested in this topic? Visit the links below for more resources:

• Intermediate IT Auditing
• Auditing IT Change Management
• GTAG: Auditing Identity and Access Management, 2nd Edition
• Fraud and Emerging Tech: Identity and Authentication with the Paycheck Protection Program
• Implementing The IIA's New Cybersecurity Topical Requirement
• Cybersecurity Topical Requirement

Visit The IIA's website or YouTube channel for related topics and more.

Resources Mentioned

• The IIA's 2025 Analytics, Automation and AI Virtual Conference
• The IIA's Updated AI Auditing Framework
• NIST Cybersecurity Framework (CSF)
• NIST AI Risk Management Framework
• IBM Cost of a Data Breach Report 2024
• CISA and NSA Guidance on Identity and Access Management

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The Institute of Internal Auditors Presents: All Things Internal Audit Tech

In this episode, Ernest Anunciacion and Tom Keaton discuss the evolving role of fraud analytics in internal auditing. They cover how data analytics and AI can improve fraud detection and prevention, along with the challenges and practical strategies for success.

Host: Ernest Anunciacion, CIA, head of product marketing, MindBridge

Guest: Tom Keaton, CIA, CRMA, CFE, CISA, director of Internal Audit, Crown Castle

Key Points

• Introduction [00:00-00:00:06]
• Ernest's background [00:00:07-00:00:54]
• Tom's background [00:00:55-00:01:50]
• Impact of data analytics and AI on fraud detection [00:01:51-00:04:27]
• Challenges in implementing data analytics in internal audit [00:04:28-00:07:06]
• Using data analytics for fraud investigation [00:07:07-00:09:32]
• Predictive analytics and identifying fraud trends [00:09:33-00:12:06]
• Continuous monitoring vs. early warning dashboards [00:12:07-00:15:45]
• Skills required for fraud analytics [00:15:46-00:19:03]
• Role of AI in fraud investigations [00:19:04-00:24:04]
• Future of AI in internal audit [00:24:05-00:25:27]
• Interesting fraud investigation stories [00:25:28-00:29:00]
• Closing remarks [00:29:01-00:30:03]

The IIA Related Content Interested in this topic? Visit the links below for more resources:

• Fraud Analytics for Internal Auditors Certificate
• Targeting Fraud With Data Analytics
• Global Knowledge Brief: Data Analytics: Part 2: Gathering, Understanding, and Visualizing Data

Visit The IIA's website or YouTube channel for related topics and more.

Resources Mentioned

• The IIA's Updated AI Auditing Framework
• 2025 Fraud Virtual Conference

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All Things Internal Audit: Fraud Podcast"Frankenstein's Roadster" 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 this episode, Chief Audit Executive Frank Harley investigates a sophisticated synthetic fraud scheme at Speed Bird Automotive. The fraudster, posing as Sheila Jackson, exploited weak identity verification controls to purchase a luxury Mercedes SL Roadster. Harley's investigation reveals the dealership's vulnerabilities and highlights the critical role of internal auditors in detecting and preventing such fraud. Don't miss "Frankenstein's Roadster." IIA members can access the full article and bonus content here.

Interested in more fraud-related topics? Earn 6.6 CPEs by registering for The IIA's 2025 Fraud Virtual Conference, scheduled for February 20, 2025. Chapters:

• Introduction to the Case (00:00:01)
• Part 1: The Mysterious Customer (00:00:22)
• Part 2: Cracks in the Controls (00:02:02)
• Part 3: Fortifying the System (00:04:08

• 2025 Fraud Virtual Conference
• Association of Certified Fraud Examiners (ACFE)

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The Institute of Internal Auditors Presents: All Things Internal Audit

The Institute of Internal Auditors Presents: All Things Internal Audit Tech

In this episode, Dana Lawrence and Dhayalaruban Thangaraja discuss the complexities of auditing cryptocurrency and blockchain. They explore the unique challenges these technologies offer and share practical guidance for navigating this evolving landscape.

Host:

Dana Lawrence, senior director of fintech compliance, Pacific West Bank

Guests:

Dhayalaruban Thangaraja, internal audit director, BDO Malta

Key Points:

• Introduction [00:00-00:00:07]
• Ruban's background [00:00:08-00:00:33]
• Unique challenges in auditing cryptocurrency [00:00:34-00:03:26]
• Cybersecurity risks and best practices [00:03:27-00:05:06]
• Overview of regulatory frameworks and MiCA [00:05:07-00:07:06]
• Preparing for regulatory compliance [00:07:07-00:09:32]
• Advocating for governance enhancement [00:09:33-00:11:55]
• Building technical knowledge for internal auditors [00:11:56-00:14:16]
• Emerging trends in digital assets [00:14:17-00:17:48]
• Practical steps for auditing cryptocurrency adoption [00:17:49-00:20:29]
• Final tips for internal auditors [00:20:30-00:22:41] Closing remarks [00:22:42-00:33:25]

The IIA Related Content: Interested in this topic? Visit the links below for more resources:

• Blockchain and IT Governance
• Online Exclusive: Setting the Standard for Crypto
• Global Knowledge Brief: Fraud Part I: Fraud in the Cryptosphere
• Privacy and Data Protection: Part 3
• The IIA's Proposed Letter to Congress for Enhancing Corporate Governance at Cryptocurrency Exchanges

Visit The IIA's website or YouTube channel for related topics and more.

• European crypto-assets regulation (MiCA)
• Dhayalaruban Thangaraja (2024, August 27). Decoding Digital Assets: Challenges for Internal Auditors in the Crypto World
• The IIA's Fraud Part I: Fraud in the Cryptosphere
• The IIA's Proposed Letter to Congress for Enhancing Corporate Governance at Cryptocurrency Exchanges

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The Institute of Internal Auditors Presents: All Things Internal Audit

In today's episode, to kick off the new year, we're counting down your top 5 favorite episodes from 2024! From tackling AI risks and ethics to uncovering misleading greenwashing claims and exploring the next frontier of quantum computing, these episodes highlight the key issues shaping the internal audit profession. So, whether you're a longtime listener or new to All Things Internal Audit, grab a seat and join us as we revisit the episodes that made the biggest impact in 2024. Let the countdown begin!

Episode 1: Tackling AI Risks and EthicsRobert Pérez, owner, Pérez Communication Solutions George Barham, director of standards & professional guidance, The IIA

Episode 2: Governance and Ethical Dilemmas in AI David Petrisky, director, professional standards, The IIA

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 Episode 3: Exposing Greenwashing Claims David Petrisky, director, professional standards, The IIA Edith Wong, forensic accountant in Investigations and Compliance, FTI Consulting Brian Wilmot, Compliance and Regulatory Counseling and Investigations and White Collar Defense Practices attorney at Paul Hastings LLP Episode 4: Quantum Computing's Impact on Internal Auditing Lynn Moehl, director of internal audit and chief audit executive, The IIA Nick Reese, co-founder and COO of Frontier Foundry & former director of emerging technology at Department of Homeland Security

Episode 5: Combating Financial Crime with AIRicardo Martinez, senior manager, Portfolio Strategy, The IIA

Antonio Cacciapuoti, head of internal audit, Eurizon Alessandro Casarotti, forensic and anti-financial crime director, PwC Luxembourg

Key Points:

• Introduction [00:00:02 - 00:00:36]
• Episode 1: Tackling AI Risks and Ethics [00:00:38 - 00:06:27]
  • Overview of the AI auditing framework [00:00:54 - 00:01:41]
  • Building an understanding within the organization [00:01:41 - 00:02:42]
  • Governance, management, and internal audit domains [00:02:42 - 00:04:25]
  • Engagement and leveraging relationships [00:04:25 - 00:05:25]
  • Tools and resources for practitioners [00:05:25 - 00:06:27]
• Episode 2: Governance and Ethical Dilemmas in AI [00:06:32 - 00:11:42]
  • Introduction to AI governance and ethics [00:06:45 - 00:07:18]
  • Addressing bias and ethical risks in AI [00:07:18 - 00:08:19]
  • Monitoring and controlling AI models [00:08:19 - 00:09:20]
  • Governance standards and independent monitoring [00:09:20 - 00:10:15]
  • Challenges and strategies for maintaining ethical standards [00:10:15 - 00:11:42]
• Episode 3: Exposing Greenwashing Claims [00:12:04 - 00:16:50]
  • Introduction to greenwashing [00:12:10 - 00:13:00]
  • Legal and regulatory aspects of greenwashing [00:13:00 - 00:14:19]
  • Examples of greenwashing cases [00:14:19 - 00:15:08]
  • Vague environmental claims and their scrutiny [00:15:08 - 00:16:02]
  • Risks and impacts of greenwashing on companies [00:16:02 - 00:16:50]
• Episode 4: Quantum Computing's Impact on Internal Auditing [00:17:00 - 00:22:58]
  • ntroduction to quantum computing [00:17:04 - 00:17:34]
  • Impact of quantum computing on internal auditing [00:17:34 - 00:18:23]
  • Malicious use and cybersecurity risks [00:18:23 - 00:19:26]
  • Current state and future potential of quantum computing [00:19:26 - 00:20:24]
  • Security risks and workforce training for auditors [00:20:24 - 00:22:58]
• Episode 5: Combating Financial Crime with AI [00:23:03 - 00:26:37]
  • Introduction to AI in financial crime detection [00:23:18 - 00:24:08]
  • Benefits of AI in transaction monitoring [00:24:08 - 00:25:03]
  • Screening systems and reducing false positives [00:25:03 - 00:25:52]
  • Training AI systems and cybersecurity considerations [00:25:52 - 00:26:37]

IIA Related Content: Interested in this topic? Visit the links below for more resources:

• Auditing Artificial Intelligence Course
• Demystifying AI: Internal Audit Use Cases for Applying New Technology
• The IIA's ESG Certificate Program
• The IIA's Environmental, Social and Governance Knowledge Center
• The Big Idea: Quantum Computing
• Elevating Performance and Adding Value Get to Know the New Cybersecurity Topical Requirement Webinar

Visit The IIA's website or YouTube channel for related topics and more.

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Soft Skills

The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Mike Jacka joins Mike Levy to discuss the importance of soft skills in internal auditing. They explore how emotional intelligence, communication, and relationship-building are crucial for auditors to drive change and add value to their organizations.

Host:

Mike Levy, CEO of Cherry Hill Advisory

Guest:

Mike Jacka, chief creative pilot at Flying Pig Audit, Consulting and Training Solutions

Key Points:

• Introduction and Episode Overview [00:00:02]
• The Importance of Soft Skills [00:00:26]
• Evolution of Auditing and Soft Skills [00:01:43]
• Recruiting for Success [00:02:51]
• Driving Change Through Influence [00:04:48]
• Training and Development [00:06:12]
• Emerging Risks and Asking the Right Questions [00:08:18]
• Advisory vs. Assurance Roles [00:09:06]
• Adapting to Technology [00:10:16]
• Diverse Hiring Practices [00:13:32]
• Risks of Overreliance on Technology [00:16:33]
• Future-proofing Internal Audit [00:20:11]
• Key Takeaways for CAEs [00:24:27]
• Closing Remarks [00:27:31]

The IIA Related Content: Interested in this topic? Visit the links below for more resources:

• Communication Skills for Auditors: Interviewing and Negotiating Course
• Talent Management: Recruiting, Developing, Motivating, and Retaining Great Team Members Practice Guide
• IIA's Internal Audit Competency Framework
• Internal Auditor Magazine

Visit The IIA's website or YouTube channel for related topics and more.

• J. Michael Jacka and Bryant Richards, "Stepping Into The Future," Internal Auditor magazine, April 2024
• Vision 2035

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