In this episode of our Internal Audit podcast series, John Heagy, Senior Manager, and Scott Peyton, Partner in our Risk Advisory practice, discuss the evolving role of internal audit in artificial intelligence (AI) oversight. 

They unpack the differences between traditional and generative AI, explore how internal audit function is leveraging these technologies, and examine the risks that come with AI adoption—while providing risk mitigation and identification strategies.

This is the final episode in our four-part internal audit series. Catch up on the first three episodes The Evolving Role of Internal Audit: Unpacking IIA’s Vision 2035 Report, Top 3 Critical Skills for the IA Profession and The Client's Guide to Data Analytics in Internal Audit.

Tune in to learn more about:

• A breakdown of AI types andhow traditional AI differs from generative AI
• How internal audit teams are leveraging AI for tasks like fraud detection, control documentation and data analysis
• The risks of AI, including bias, hallucinations, outdated data and ethical concerns
• Key elements of a strong AI governance framework, including transparency, accountability and responsible use policies
• What to include in an AI audit scope, from understanding training data to evaluating cybersecurity and user behavior

Related Insights:

• Podcast: https://www.cbh.com/insights/podcasts/a-guide-to-iias-vision-2035-for-audit-teams/ 
• Article: 2025 Internal Audit Risks and Hot Topics 
• Podcast: https://www.cbh.com/insights/podcasts/top-3-skills-for-internal-audit-profession/ 
• Podcast: The Client's Guide to Data Analytics in Internal Audit

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Explore the transformative impact of data analytics on internal audit processes with Yani Diaz, Director and Ann-Blair Jamison, Senior Manager from our Risk Advisory practice. Throughout the episode, they discuss the key benefits of using data analytics, such as enhanced risk assessment, improved efficiency and predictive analysis. Additionally, they offer insights into how organizations can effectively implement data analytics solutions.

This is the third episode in our four-part internal audit series. Be sure to listen to the first two episodes, The Evolving Role of Internal Audit: Unpacking IIA’s Vision 2035 Report and Top 3 Critical Skills for the IA Profession. Stay connected for the final episode in this series, where we cover how to audit AI.

Tune in to learn more about:

• Data analytics’ role in decision making.
• The benefits of using data analytics in internal audit, including enhanced risk assessment, improved efficiency and the ability to perform predictive analysis.
• How data analytics can be used effectively in Information Technology General Controls (ITGC) testing to identify potential control weaknesses and ensure compliance with regulatory requirements.
• Important considerations when implementing data analytics solutions to understand factors such as data quality and analytics tools.

Related Insights:

• Podcast: The Evolving Role of Internal Audit: Unpacking IIA’s Vision 2035 Report 
• Article: 2025 Internal Audit Risks and Hot Topics 
• Podcast: Top 3 Critical Skills for the IA Profession

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The Institute of Internal Audit’s (IIA) Vision 2035 report highlights the pivotal role that soft skills will play in shaping the future of internal audit. Join Jodi Lewis, Manager, and Andy Jameson, Director, from our Risk Advisory practice as they discuss the top three critical skills that internal auditors must cultivate to excel in the evolving internal audit landscape. Additionally, they will share insights on how auditors can effectively develop these essential skills.  

This is the second in our four-part internal audit series. Listen to the first episode, The Evolving Role of Internal Audit: Unpacking IIA’s Vision 2035 Report, and stay connected for upcoming episodes.

Tune in to learn more about:

• The importance of effective communication in internal audit
• Practical ways to enhance communication skills
• Strategies to enhance critical thinking in internal audit
• The role that adaptability plays in keeping auditors relevant and effective

Related Insights:

• Podcast: https://www.cbh.com/insights/podcasts/a-guide-to-iias-vision-2035-for-audit-teams/ 
• Article: 2025 Internal Audit Risks and Hot Topics 

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The Institute of Internal Audit (IIA)’s Vision 2035 report highlights the need for internal auditors to embrace technological advancements and expand their advisory roles to remain relevant and effective. In the IIA’s comprehensive vision, internal auditors will evolve into strategic advisors by 2035 and utilize cutting-edge technology to provide robust, evidence-based assurance and navigate emerging risks with confidence.

In the latest episode of the Risk Advisory Podcast, James Eldridge, Senior Manager, is joined by Scott Peyton, Partner and Risk Advisory Leader, to discuss the shifting role of internal audit. They delve into the IIA’s Vision 2035 report, which outlines significant changes and opportunities for the future of internal audit. This is the first in a four-part series celebrating Internal Audit Awareness Month.

Tune in to learn more about:

• The key elements of the IIA’s 2035 vision
• The evolving role of internal audit 
• Key technology trends impacting internal audit
• Tips to train, develop and source talent and subject matter expertise
• How to prepare the next generation of auditors

Related Guidance:

• Article – The Evolving Role of Internal Audit

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In the latest episode of our Risk & Accounting Advisory podcast, National Technology Business Development Leader Marc Montoro, Leader is joined by Information Assurance & Cybersecurity Senior Managers Keith Jackson and Brian Kirk. Together, they discuss the basics of the HITRUST Framework, exploring its evolution from a healthcare focus to an industry-agnostic standard. Their conversation is packed with insights. From the foundational elements of High Trust to its benefits and strategic advantages, discover how this robust framework can set your business apart. Tune in to learn why HITRUST certification might be your next step in safeguarding sensitive information and achieving compliance across various sectors. 

Listeners will learn:

• What is HITRUST CSF?
• The benefits of being HITRUST Certified
• The different types of HITRUST Certification and the pros and cons of each
• How to become HITRUST Certified

Related Insights

• CPE Webinar: HITRUST CSF: A Comprehensive Overview

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In the latest episode of Cherry Bekaert’s Risk & Accounting Advisory podcast series, Neal Beggan, is joined by Steven Ursillo and Dan Sembler, both partners in our Information Assurance & Cybersecurity practice. During this episode they discuss the many benefits of Service Organization Control (SOC) 2 reports, such as security insights, gaining customer trust and risk management, and how those benefits bring value to a company. Listeners will also discover how to prepare for SOC 2 and what to expect during a SOC 2 report, as well as the different types of SOC 2 reports.

Tune in to learn more about:

• The value of SOC 2 and potential benefits
• How a SOC 2 report differs from a SOC 1 examination
• The components of a SOC 2 report and how to prepare

Other Relevant Guidance

• A Comprehensive Guide to SOC 2 Reporting: Webinar Recording
• The Impact of a SOC 2 Report on Your Organization Value and Customer Relations
• A Guide to Understanding Service Organization Control (SOC) Reports

Questions? Contact Us

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In the latest episode of our Risk & Accounting Advisory podcast, the second of a two-part series, Nate Regimbal, Digital Advisory New Practices & Solutions Leader, joins Sam Halaby, Senior Manager in Risk Advisory, and Dan Gallagher, from the Firm’s Information Assurance & Cybersecurity practice, to discuss Anti-Money Laundering Model (AML) Testing & Monitoring best practices. Their conversation provides insight into conducting model testing, the importance of ongoing monitoring and how to perform ongoing monitoring. This episode provides an outline of the AML Validation components a financial institution should review to ensure the accuracy of the AML data and alerts, and compliance with regulatory requirements.

Listeners will learn about:

• What to focus on during set-up and validation of model-testing and the aspects of each testing area
• Why ongoing testing is important and how to perform periodic testing
• The key limitations of Anti-Money Laundering Models 

Related Resources 

• Anti-Money Laundering (AML) Model – Part 1
• Podcast: Data Management Best Practices for Financial Institutions
• Regulatory Compliance Digest | September 2023 

Questions? Contact Us 

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In the latest episode of our Risk & Accounting Advisory podcast, Neal Beggan, Risk Advisory Leader, and key leaders from Cherry Bekaert’s Risk Advisory SOX practice, Yani Diaz and Peyton Black, discuss SOX “hot buttons” to look out for as 2023 comes to an end. Their conversation delves into auditor reliance, Public Company Accounting Oversight Board (PCAOB) audit standards and changes in SOX regulatory compliance.  

Listeners will learn about:

• How PCAOB regulations and auditor reliance testing affect your business
• How new SEC regulations and ESG reporting overlap with SOX
• What companies can do to prepare for coming SOX & PCAOB changes

Related Resources 

• Podcast: Data Management Best Practices for Financial Institutions
• Podcast: “SOX Lite” Compliance Services
• Examining the Differences Between SOX 404a and 404b

Button: Questions? Contact Us

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The latest episode of our Risk & Accounting Advisory podcast begins the first of a two-part series where Nate Regimbal, Digital Advisory New Practices & Solutions Leader, joins Alan Swan, Digital Advisory Managing Director, along with Audrey Magennis and Dan Gallagher from the Firm’s Information Assurance & Cybersecurity practice, to discuss Anti-Money Laundering Model (AML) Validation and Optimization best practices. Their conversation illuminates the importance of using a methodology, data capture and execution within the context of AML optimization and Validation. This episode provides an outline of the AML Validation components a financial institution should review to ensure the accuracy of the AML data and alerts and compliance with regulatory requirements.

Listeners will learn about:

• The importance of establishing validation and optimization methodologies for Anti-Money Laundering Models
• How to create, document and execute an effective validation framework
• Current regulatory guidance and State level requirements for Anti-Money Laundering Model validation

Related Resources 

• Podcast: Data Management Best Practices for Financial Institutions
• Regulatory Compliance Digest | September 2023
• Regulatory Compliance Digest | August 2023

Questions? Contact Us

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In the latest episode of our Risk & Accounting Advisory podcast, Neal Beggan, Risk Advisory Leader, and key leaders from Cherry Bekaert’s Risk Advisory SOX practice, Gareth Montague-Smith and Peyton Black, discuss the concept of SOX “Lite,” a controls diagnostic service for smaller or private companies that can help prepare companies to go public, help remediate material weaknesses or significant deficiencies, provide efficiencies for companies facing difficult audits and more. Their conversation analyzes what type of client would benefit from a SOX “Lite” program and how the service is performed.

Listeners will learn about:

• Why a company might need “SOX Lite” compliance services 
• How the service is implemented and how it differs from a traditional SOX program
• Potential benefits to the company

Other Relevant Guidance

• 2023 SOX Compliance Reporting: How to Prepare & Lessons Learned
• Examining the Differences Between SOX 404a and 404b
• Are You Ready for Enhanced Cybersecurity SEC Reporting Requirements?

View All Podcasts from this Series