Risk

Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.

Plus, Suralink introduces Workpaper Suite Intelligence; Xero announces Xero Coaches; and other news and updates from the accounting tech world.

Few enterprise risk management programs are truly integrated into strategic decisions, according to a new report.

The deal strengthens Wipfli's risk management offerings, and adds two partners and 52 associates to the team.

Plus, Gusto announces 75 new features; Infinite Ties launches new FanCAS-Kit; and other accounting tech news and updates.

While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance.

While AI controls are important, organizations should not pursue one-size-fits-all blanket applications, especially when differentiating between matters of governance versus technology.

Diligent launched its new AuditAI solution, described as a strategic compliance tool that automates execution of internal audit tasks.

Federal attention to foreign influence in higher education has intensified.

Around the world, audit, risk and accounting teams are grappling with rising geopolitical and macroeconomic uncertainty.

Business executives are most worried about the risks from cybersecurity and third parties, but see opportunities for growth in the next few years.

Successful companies in the future will rely on employees with an entrepreneurial spirit.

Anthony Pugliese of the IIA discusses the new and perennial risks and challenges facing companies, and the new resources the IIA is rolling out to help.

The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.

No matter what internal audit gets called to do, there will always be a cadre of misguided executives and board members who think internal audit is just an extension of the finance function.

Tax preparers and accountants will face issues old and new as they start filing next year.

While the EU AI Act creates new obligations regarding AI, its more stringent mandates apply only to the minority of organizations involved with high-risk use cases.

While organizations understand AI governance and controls are important, actual implementation lags behind significantly due to leadership and culture.

The AICPA & CIMA have published a Business Resilience Toolkit to help leaders and finance professionals cope with economic uncertainty and challenging conditions.

The Institute of Internal Auditors presented its updated competency framework for internal auditors during its international conference this week in Toronto.