All Things Internal Audit

The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Mike Jacka and Tshepo Mofokeng tackle one of the most common questions internal auditors face: Who audits the auditors? They break down how the quality assurance and improvement program (QAIP), professional standards, peer reviews, and self-regulation protect the integrity of the profession. They discuss how quality assurance strengthens credibility with boards, builds trust with stakeholders, and positions internal audit as a strategic advisor.

• HOST:
  • Mike Jacka, CIA, CPA, CPCU, CLU Chief Creative Pilot at Flying Pig Audit, Consulting, and Training Solutions

• GUEST:
  • Tshepo Mofokeng, CIA, CRMA CAE, Sefako Makgatho Health Sciences University Global Board of Directors, The IIA

KEY POINTS:

• Introduction: Who Audits the Auditors? [00:00:06–00:01:23]
• What QAIP Really Means and Why It Matters [00:01:29–00:02:43]
• The Role of Standards in Professional Legitimacy [00:03:05–00:03:58]
• Explaining Self-Regulation to the Board vs. Management [00:04:02–00:06:06]
• Addressing Defensiveness and Educating Peers [00:06:52–00:08:10]
• Moving from Compliance to Credibility in Quality Reviews [00:08:43–00:11:28]
• Measuring Impact, Not Just Audit Volume [00:12:01–00:13:39]
• Marketing Internal Audit's Value Through Quality [00:14:02–00:14:30]
• Finding Time for Quality Assurance Work [00:14:40–00:15:22]
• Real-World Example: How Peer Review Strengthened Trust [00:15:24–00:17:48]
• When Weak Self-Regulation Damages Trust [00:17:52–00:20:48]
• The Future of QAIP and Vision 2035 [00:21:02–00:23:19]
• Internal Audit's "Superpower" with the Board [00:23:21–00:25:11]

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

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• Global Internal Audit Standards
• Quality Assurance and Improvement Program
• Vison 2035
• Become a Certified Internal Auditor (CIA)
• 2026 Analytics, Automation and AI Virtual Conference

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The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Scott Madenburg and Sanjay Vadlamani talk trust; and why it's the defining currency of internal audit. From hyper-growth environments to large, mature organizations, they discuss how audit teams can build credibility, and deliver value without slowing the business down. Through real-world use cases; including AI-assisted code reviews, ERP implementations, and building an internal audit function from scratch, they share practical examples of how trust enables earlier insights, stronger controls, and a true seat at the table.

• HOST:
  • Scott Madenburg, CIA, CISA, CRMA Founder and President, ARC Hybrid Corporation

• GUEST:
  • Sanjay Vadlamani, CIA, CISA, CISM, CRISC Senior Manager, Internal Controls, PayJoy

KEY POINTS:

• Defining Trust in Internal Audit [00:01:27 – 00:03:17]
• Holistic Risk and Connected Controls [00:03:55 – 00:07:01]
• Bridging the Gap Between Audit and Leadership [00:07:15 – 00:10:18]
• Small vs. Large Organization Trust Challenges [00:11:45 – 00:13:56]
• High-Growth Tension: Will Audit Slow Us Down? [00:14:14 – 00:16:51]
• AI-Assisted Code and "Slow Down to Speed Up" [00:17:01 – 00:18:53]
• Building Trust from Scratch in a Developing Organization [00:19:09 – 00:23:19]
• Early Insight Through ERP Implementation [00:23:49 – 00:26:02]
• Rolling Up Sleeves: Creating SOPs and Process Improvements [00:26:25 – 00:28:35]
• Where Audit Can Undermine Trust [00:29:28 – 00:33:16]
• Audit Committee Alignment and Expectation Management [00:33:16 – 00:36:44]
• The Next 6–12 Months: AI Literacy and Critical Thinking [00:37:00 – 00:40:52]

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

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• Global Internal Audit Standards
• Resources: Governance
• Course: Building Stakeholder Relationships
• Course: Effective Communication and Conflict Resolution for Internal Auditors
• GAM 2026

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The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Adam Ross is joined by Filipe Ribeiro and Julien Perreault to discuss how supply chain risk has evolved into an interconnected, enterprisewide challenge. They discuss where organizations underestimate exposure, how risks quietly accumulate across the value chain, and why internal audit is uniquely positioned to identify blind spots before disruptions escalate. The conversation spans real-world examples from agriculture and highly regulated industries, third-party risk, continuous monitoring, and the growing impact of automation and AI on supply chains.

• HOST:
  • Adam Ross, CIA, CISA Partner, Grant Thornton Advisors LLC

• GUEST:
  • Filipe Ribeiro, CIA, CRMA, CFE Group Internal Audit Manager, Aldar
  • Julien Perreault, CPIM, MBA Experienced Manager, Sourcing and Supply Chain Advisory, Grant Thornton Advisors LLC

KEY POINTS:

• Introduction to Modern Supply Chain Risk [00:00:02–00:01:22]
• From Operational Inconvenience to Strategic Risk [00:01:22–00:02:24]
• Why Supply Chain Risk Is Now Systemic and Enterprisewide [00:02:32–00:03:11]
• Where Organizations Commonly Underestimate Exposure [00:03:22–00:04:33]
• When "Green Dashboards" Mask Emerging Risk [00:03:33–00:05:08]
• How Informal Workarounds Quietly Accumulate Enterprise Risk [00:05:08–00:05:47]
• Agricultural Case Study: How Small Upstream Delays Become Major Downstream Failures [00:05:53–00:07:52]
• Using Continuous Monitoring to Detect Hidden Timing and Dependency Risks [00:07:57–00:12:26]
• Supply Chain Risk in Remote, Capital-Intensive, and Highly Regulated Environments [00:12:54–00:15:25]
• Balancing Regulatory Compliance and Operational Efficiency [00:15:42–00:18:55]
• Procure-to-Pay Risk and the Rise of Operational "Noise" [00:19:14–00:21:01]
• When Exceptions Become the Normal Operating Model [00:21:01–00:23:15]
• Third-Party Risk as a Business Resilience Issue [00:25:15–00:27:12]
• Governance, Speed of Business, and Supplier Ecosystems [00:27:12–00:30:25]
• Managing Supplier Concentration Risk Without Sacrificing Resilience [00:31:20–00:35:04]
• Geographic and Cultural Complexity as an Underestimated Risk Driver [00:35:36–00:37:27]
• How Internal Audit Can Add Value Without Compromising Independence [00:38:35–00:41:29]
• Emerging Risks: Automation, AI, Data Quality, and Governance Lag [00:41:47–00:46:18]
• Final Thoughts on the Future of Supply Chain Risk [00:46:29–00:47:05]

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

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• Global Internal Audit Standards
• Third-Party Topical Requirement
• Continuous Auditing and Monitoring, 3rd Edition
• Boardroom: Breaks in the Chain
• GAM 2026

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All Things Internal Audit: Fraud Podcast "The Fall of the Trusted Leader"

Listen to The IIA's 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, a small-town bank built on trust begins to unravel when a persistent internal auditor notices patterns that don't quite add up. What starts as a routine review of commercial lending reveals missing records, suspicious payment activity, and mounting resistance from leadership. As regulators step in, the true scope of the scheme comes into focus, exposing how unchecked authority and weakened controls can bring down even the most trusted institutions.

Access the full article here. Read the February issue here.

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

Chapters:

• Introduction to the Case (00:00:00)

• Part 1: The Bank Everyone Trusted (00:00:23)

• Part 2: Patterns Don't Lie (00:01:55)

• Part 3: Pressure Builds (00:03:07)

• Part 4: What the Files Revealed (00:04:30)

• Part 5: The Cost of Trust (00:06:06)

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The Institute of Internal Auditors Presents: All Things Internal Audit

In this special milestone episode, Terry Grafenstine sits down with Anthony Pugliese to reflect on five years of leadership at The IIA. He shares what it's meant to lead a global profession during a period of unprecedented change, from modernizing the Standards and advancing advocacy to strengthening the talent pipeline and navigating cultural complexity across more than 100 countries. The conversation discusses leadership through influence, professional judgment, integrity, and what it truly means to represent an entire profession on the world stage.

• HOST:
  • Terry Grafenstine, CIA, CPA, CGAP, CISSP, CISA Former Global Chair, The Institute of Internal Auditors

• GUEST:
  • Anthony Pugliese, CIA, CPA, CGMA, CITP President & CEO, The Institute of Internal Auditors

KEY POINTS:

• Introduction and Five Years of Leadership [00:00:02–00:02:47]
• What Makes Leading a Global Professional Association Unique [00:03:03–00:06:16]
• Leading Through Influence, Buy-In, and Indirect Authority [00:06:27–00:08:08]
• The Weight of Representing an Entire Profession [00:08:15–00:10:17]
• Building a Truly Global Culture at The IIA [00:10:39–00:13:53]
• Balancing Legacy With the Changing Needs of the Profession [00:14:01–00:16:10]
• Advice for New and Emerging Internal Audit Leaders [00:17:01–00:19:11]
• What Strong Internal Audit Leadership Looks Like Today [00:19:44–00:23:13]
• What the CEO Role Looks Like Behind the Scenes [00:24:00–00:27:40]
• Managing Diverse Perspectives Across a Global Profession [00:27:48–00:29:27]
• How the Pace of Change Has Redefined the Role [00:30:10–00:32:16]
• Staying Grounded Amid Travel, Pressure, and Responsibility [00:32:23–00:34:06]
• What Anthony Hopes Members Feel From This Chapter of Leadership [00:34:19–00:36:35]
• The Most Meaningful Part of Leading The IIA [00:37:26–00:39:47]
• Final Reflections on the Future of the Profession [00:39:56–00:41:35]

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

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• Vision 2035
• Global Internal Audit Standards
• About Us: Anthony J. Pugliese

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

Internal audit is no longer operating in a world of fixed scopes and hindsight reviews. As risk becomes continuous, digital, and increasingly driven by AI-enabled decisions, audit must evolve just as quickly. In this episode, Aadesh Gandhre is joined by Dave Montez and Richard Penfil from PayPal to introduce swarm auditing; an emerging approach that combines human judgment with orchestrated AI agents working in parallel. They discuss how audit functions can move beyond prompt libraries, embed AI directly into audit workflows, and rethink the assurance operating model without sacrificing independence or professional judgment.

• HOST:
  • Aadesh Gandhre, CISA Chief Audit Executive, DTCC
• GUESTS:
  • Dave Montez Chief Audit Executive, PayPal
  • Richard Penfil Data Science Manager, Audit Operations, PayPal

KEY POINTS:

• Introduction to Swarm Auditing and the Limits of Traditional Audit Models [00:00:02–00:01:25]

• Why Audit Must Evolve for Continuous, AI-Driven Risk [00:01:40–00:03:26]

• From Static Audit Cycles to Constant Evolution [00:03:27–00:04:17]

• The "Flip Phone in a Smartphone World" Analogy [00:04:54–00:05:12]

• The Mindset Shift Required for Swarm Auditing [00:05:48–00:07:32]

• Cultural, Legal, and Psychological Barriers to AI Adoption [00:07:36–00:08:41]

• Failing Forward and Creating Permission to Experiment [00:08:49–00:09:54]

• From Doers to Reviewers: How the Auditor's Role Evolves [00:10:02–00:11:28]

• Responsiveness to Change as a Core Audit Skill [00:11:40–00:12:29]

• Building AI for Audit vs. Adopting Enterprise AI [00:12:39–00:14:23]

• Making Space for AI Experimentation Within the Audit Plan [00:14:32–00:16:35]

• Embedding AI Into Daily Audit Workflows [00:16:45–00:18:45]

• What Swarm Auditing Really Means [00:19:00–00:20:39]

• Managing Independence While Sharing AI Capabilities [00:21:10–00:22:32]

• Moving Beyond Prompt Libraries to Agentic Swarms [00:23:38–00:25:03]

• Collaboration Across Audit Functions and the Profession [00:25:14–00:27:09]

• One Meaningful First Step Toward Swarm Auditing [00:27:50–00:28:25]

• Closing Thoughts on the Future of Audit and Innovation [00:28:31–00:29:26]

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• GAM 2026
• 2026 Analytics, Automation and AI Virtual Conference
• AI Knowledge Centers
• Learning Solutions: Leveraging Artificial Intelligence in Internal Audit
• Global Internal Audit Standards

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

AI regulation is no longer on the horizon. It's here. In this episode, Ernest Anunciacion talks with Marko Horvat about how global AI regulations are reshaping governance, risk management, and the role of internal audit. They discuss why regulators are prioritizing risk to individuals and how AI governance spans the full system life cycle.

HOST:Ernest Anunciacion, CIA Head of Product Marketing, MindBridge AI

GUEST: Marko Horvat, CPASenior Vice President of Business Transformation, ELB Learning

KEY POINTS:

• Introduction and episode overview [00:00:01 – 00:00:28]

• Why AI regulation is accelerating globally [00:00:56 – 00:01:26]

• How regulators are redefining risk as harm to individuals [00:01:35 – 00:02:18]

• EU-style risk tiering and prohibited vs. high-risk AI use cases [00:02:37 – 00:03:36]

• Human-in-the-loop expectations and judgment-based AI decisions [00:03:36 – 00:04:11]

• What regulators expect organizations to demonstrate [00:04:31 – 00:05:32]

• Internal audit's expanding role across the AI life cycle [00:05:38 – 00:06:39]

• Readiness assessments and the challenge of locating AI use [00:06:59 – 00:07:27]

• AI literacy skills auditors need today [00:07:43 – 00:09:29]

• Explainable AI, hallucinations, and model drift [00:08:21 – 00:09:29]

• Common audit gaps: shadow AI, monitoring, and third-party risk [00:09:44 – 00:12:00]

• Why vendor AI does not transfer accountability [00:12:02 – 00:12:21]

• What internal audit teams should be doing right now [00:12:32 – 00:14:28]

• Balancing continuous monitoring with new risk exposure [00:13:48 – 00:14:20]

• Partnering with legal and compliance on AI governance [00:14:40 – 00:15:10]

• Final takeaways: AI regulation is no longer theoretical [00:15:28 – 00:16:31]

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• GAM 2026
• 2026 Analytics, Automation and AI Virtual Conference
• AI Knowledge Centers
• Learning Solutions: European Union Regulations
• Learning Solutions: Leveraging Artificial Intelligence in Internal Audit
• Global Internal Audit Standards

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The Institute of Internal Auditors Presents: All Things Internal Audit

Deepfakes are reshaping fraud, trust, and evidence, and challenging what organizations can rely on as "proof." In this episode, Andrew Guasp speaks with Corey Chadderton about how AI-generated media is being used to impersonate leadership and bypass controls, why the barriers to entry have collapsed, and what internal auditors must do to strengthen governance, training, and response as these risks accelerate into 2026.

HOST:Andrew Guasp, CIA, CFE Senior manager, Standards & Professional Guidance, The IIA

GUEST:Corey Chadderton, IAP Internal Auditor, Barbados Water Authority

KEY POINTS:

• Introduction to Deepfakes and Audit Risk [00:00:02–00:00:40]

• What Are Deepfakes and Why Auditors Must Pay Attention [00:00:40–00:02:40]

• How Deepfake Technology Works (Without Becoming a Technical Expert) [00:02:50–00:04:10]

• Deepfakes as a "Force Multiplier" for Fraud [00:04:20–00:06:22]

• Real-World Deepfake Fraud and Governance Failures [00:06:24–00:08:36]

• Reputational Risk, Content Monitoring, and Trust Breakdown [00:08:36–00:09:32]

• Where Organizations Are Most Vulnerable Today [00:09:51–00:12:59]

• Applying Cyber Testing Techniques to Deepfake Risk [00:13:10–00:13:55]

• Red Flags and Indicators of Manipulated Media [00:14:04–00:16:10]

• The Power of the Pause and Training Against Urgency Attacks [00:16:13–00:18:22]

• Limits of Deepfake Detection Tools and the Human Factor [00:18:28–00:22:01]

• Professional Skepticism Beyond the Audit Function [00:22:01–00:23:51]

• Internal Audit's Advisory Role in Policies and Incident Response [00:24:02–00:27:14]

• Staying Ahead Through Continuous Risk Assessment [00:27:23–00:30:04]

• Closing Thoughts [00:30:04–00:30:19]

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• GAM 2026
• AI Knowledge Centers
• CEO Message: Combating Deepfakes
• Global Internal Audit Standards

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The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Eric Wilson talks with Dr. Kelly Richmond Pope about the psychology behind fraud, why ordinary people commit unethical acts, and how trust, pressure, and culture shape fraud risk. They explore accidental versus intentional perpetrators, cognitive blind spots, whistleblowing challenges, and what auditors can do to better detect and prevent fraud. HOST: Eric Wilson, CIA Director of Internal Audit & Chief Audit Executive, Gulfport Energy GUEST: Kelly Richmond Pope, CPA, PhD Forensic Accounting Professor, DePaul University https://www.kellyrichmondpope.com/

KEY POINTS:

• Introduction to Fraud Psychology [00:00:02–00:00:32]

• What Sparked an Interest in Fraud and Human Behavior [00:00:32–00:03:33]

• Why Fraud Is Often Committed by "Ordinary" People [00:03:33–00:04:21]

• Pressure, Life Events, and the Path to Fraud [00:04:21–00:06:48]

• Thrill-Seeking, Power, and the Adrenaline Factor [00:06:58–00:08:20]

• Intentional, Accidental, and Righteous Fraud Explained [00:08:20–00:10:18]

• Why Accidental Perpetrators Are the Hardest to Detect [00:08:40–00:10:18]

• Cognitive Blind Spots and the Role of Trust [00:10:19–00:13:46]

• Lessons from One of the Largest Municipal Fraud Cases [00:12:29–00:13:46]

• The Difficult Reality of the Internal Auditor's Role [00:13:46–00:15:38]

• When and Why to Bring in Third-Party Investigators [00:15:52–00:16:16]

• Cultural Warning Signs That Fraud Risk Is Increasing [00:16:36–00:17:51]

• Charisma, Likability, and Fraud Risk [00:17:51–00:19:07]

• Managing Relationships While Maintaining Objectivity [00:18:20–00:20:12]

• Behavioral Red Flags Auditors Should Not Ignore [00:20:16–00:22:50]

• Narcissism, Leadership, and Corporate Environments [00:22:50–00:23:38]

• Why Whistleblowing Is So Difficult [00:23:59–00:25:59]

• A Critical Mindset Shift for Auditors [00:26:11–00:26:33]

• Closing Thoughts and Practical Takeaways [00:26:33–00:27:16]

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• Global Practice Guide: Internal Auditing and Fraud, 3rd Edition
• Vision 2035
• 2026 Fraud Unmasked Virtual Conference
• Global Internal Audit Standards
• Internal Auditor Magazine: "Playing the Long Game" (Eric Wilson's article)
• Webinar: Internal Auditing and Human Personality: Compatibility Mapping

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, Mike Levy talks with Dan Fornelius about the skills internal auditors need in 2026 and how to deliver real advice, insight, and foresight that leaders value. They discuss earning a seat at the table, balancing advisory work with independence, aligning audit work to strategy, and how AI and analytics are transforming internal audit. The conversation highlights the shift toward strategic, insight-driven auditing and what auditors must do to stay relevant.

HOST:Mike Levy, CIA, CRMA, CISSP CEO, Cherry Hill Advisory

GUEST: Dan Fornelius, CIA Director & Integrated Risk Leader, CrossCountry Consulting IIA North Jersey Chapter Board Member

KEY POINTS:

• Introduction and the Evolution of Internal Auditing [00:00:02–00:00:39]

• Defining Advice, Insight, and Foresight in Internal Audit [00:00:39–00:01:16]

• Earning a Seat at the Table Through Early Engagement [00:01:16–00:02:00]

• Aligning Audit Work With Organizational Strategy [00:02:42–00:03:33]

• Using Business Language to Drive Impact and Value [00:03:37–00:04:20]

• Balancing Advisory Services and Independence [00:04:32–00:06:40]

• Independence vs. Objectivity: Reframing the Debate [00:07:02–00:08:35]

• Providing Real-Time Guidance on Emerging Risks [00:09:12–00:10:27]

• Why Internal Audit's Holistic View Drives Insight [00:10:31–00:11:24]

• Defining and Delivering Actionable Insights [00:11:26–00:16:01]

• Using Data, Analytics, and Early Warning Indicators [00:12:21–00:15:27]

• Technology and AI as Enablers of Better Storytelling [00:16:12–00:18:33]

• How AI Frees Auditors to Focus on the "So What" [00:18:45–00:21:06]

• Skills and Attributes of the Future Auditor [00:21:22–00:23:25]

• Why Communication and Questioning Matter More Than Ever [00:23:25–00:25:01]

• Final Reflections on Value-Driven Internal Auditing [00:25:01–00:26:16]

IIA RELATED CONTENT: Interested in this topic? Visit the links below for more resources:

• 2026 Fraud Unmasked Virtual Conference
• Global Internal Audit Standards
• Vision 2035
• Advice and Resources
• Knowledge Centers Artificial Intelligence
• All Things Internal Audit: Advisory Work: How to Consult
• Learning Solutions: The Advisory Engagement

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

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