Based on that, internal audit calculates an adjusted value for controls and, accordingly, for residual risk. For Customer Credit, the 90% confidence level (or 10% lack of confidence) reduces the ...

The Institute of Internal Auditors (IIA) is the internal audit profession’s most widely recognized advocate, educator, and provider of standards, guidance, and certifications.

The federal government's plan to return those who were forced from their homes following catastrophic flooding on four Manitoba First Nations is disorganized and lacks resources, an internal audit ...

AI adoption in internal audit set to increase by 100% The survey revealed that AI adoption will double to 80% in 2026 as 39% of internal auditors are already employing AI and a further 41% intend ...

Though the audit has to be performed by an outside firm, preparing for it and managing the process effectively is key, and can result in streamlining your employee benefit plan processes overall.

Buncombe's Internal Audit Department, which has three new staff members, found in a new survey 12 departments were at a "high" operational risk.