All Things Internal Audit – Details, episodes & analysis

In this episode, David Petrisky, director of professional standards at the IIA, as he dives into the hot topic of greenwashing with Edith Wong, managing director at FTI Consulting, and Brian Wilmot, attorney at Paul Hastings. They unpack the challenges of navigating environmental claims, share eye-opening cases, and offer practical tips for auditors tackling greenwashing and other ESG-related risks.

Guests:

Edith Wong, Forensic Accountant in Investigations and Compliance, FTI Consulting

Brian Wilmot, Compliance and Regulatory Counseling and Investigations and White Collar Defense Practices Attorney, Paul Hastings LLP

Host:

David Petrisky, Dir. Professional Standards, The IIA

Key Points: 

• Introduction to Greenwashing (00:00:02 - 00:00:42)
• Definition and Legal Context of Greenwashing (00:00:42 - 00:01:20)
• Examples and Cases of Greenwashing (00:02:23 - 00:03:30)
• Challenges in Environmental Claims and Reporting (00:01:45 - 00:02:23, 00:03:38 - 00:04:50)
• Regulatory and Litigation Activity (00:01:45 - 00:02:23, 00:05:09 - 00:06:27)
• Non-Financial Reporting and Corporate Communications (00:06:27 - 00:07:19)
• Global Frameworks and Standards (00:09:07 - 00:11:02)
• Role of Internal Auditors in Addressing Greenwashing (00:11:07 - 00:12:32, 00:17:07 - 00:18:47)
• Preventative Practices and Governance Structures (00:13:06 - 00:15:09)
• Industry-Specific Concerns and Risks (00:15:21 - 00:16:55)

• TerraChoice’s Seven Sins of Greenwashing
• Federal Trade Commission’s Green Guides
• Global Reporting Initiative (GRI)
• Sustainability Accounting Standards Board (SASB)

In this episode, Frontier Foundry Co-founder and COO, Nick Reese, delves into the groundbreaking world of quantum computing and its game-changing potential for auditing. Discover how this cutting-edge technology could revolutionize the profession and learn practical tips on how internal auditors can stay ahead of the curve.

Guest:

Nick Reese, co-founder and COO of Frontier Foundry & former director of emerging technology at DHS

Frontier Foundry Website

[email protected]

Host:
Lynn Moehl, director of internal audit and chief audit executive at The IIA

Key Points: 

• Introduction to Quantum Computing(00:00:02 - 00:00:21)
• Quantum Computing’s Impact on Auditing(00:00:54 - 00:02:47)
• Data Security and Cryptography Risks(00:03:2 - 00:06:22)
• Opportunities with Quantum Technology (00:07:41 - 00:08:54)
• Resources for Staying Informed (00:10:23 - 00:10:43)
• Practical Steps for Auditors (00:06:32 - 00:07:07, 00:10:15 - 00:11:48)
• Current State and Future of Quantum Computing (00:02:54 - 00:03:08, 00:14:44 - 00:14:49)
• Workforce Education and Preparation (00:18:12 - 00:19:34)
  
  

Resources Mentioned:

• DHS Post-Quantum Cryptography Roadmap
• National Institute of Standards and Technology (NIST)
  
  

The IIA Related Content:
Interested in this topic? Learn more about the role of internal auditors in providing organizations assurance for emerging technologies here.

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

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.

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!

Harold Silverman, IIA Senior Director of CAE and Corporate Governance Engagement, and Warren Hersh, IIA Director of Quality Services, discuss the importance of having a strategy for quality assessments in 2024 as it relates to the new Global Internal Audit Standards. The two former chief audit executives delve into new performance requirements under the updated Standards as well as options for scheduling quality assessments under the existing Standards (2017) or the new Standards.

In the latest podcast, loose adherence to policies on bids and tenders and a tip from a concerned employee lead internal auditors to uncover a bid rigging scheme at a renewable energy developer. Listen to “Tenders in the Wind.” 

ChatGPT and other generative artificial intelligence tools are taking the business world by storm. Internal auditors will need to see how these technological marvels can enhance their work in a variety of areas. Vince Walden, CEO of Kona AI, shares an update on AI tools for compliance and data analytics. Also discussed is:

·         Generative AI for use in continuous controls monitoring

·         Getting started with machine learning and fraud detection

Get the full episode where you get your podcasts or YouTube.

IIA members gain exclusive access to an extended version with bonus content at Podcast and Videos from The IIA.

The IIA’s new Global Internal Audit Standards have been published, and practitioners globally are eager to explore the update to the profession’s playbook. Robert Pérez, Senior Manager of Content Development at The IIA, speaks with Trish Hyde, CEO of IIA, Australia, and Arlene-Lynn Volmink, CEO of IIA, South Africa, about the Standards and areas of focus for internal auditors in their countries.

Get the full episode where you get your podcasts or YouTube.

IIA members gain exclusive access to an extended version with bonus content at Podcast and Videos from The IIA.

The IIA’s New Artificial Intelligence Knowledge Center is a diverse selection of resources tailored to every learning style and need. In this episode, Anthony Pugliese, President and CEO of The IIA, joins Robert Perez, Senior Manager of Content, to preview some of the curated content available for members and non-members.

Get the full episode wherever you get your podcasts or YouTube.

IIA members gain exclusive access to an extended version with bonus content at Podcasts and Video from The IIA.