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In a new article, John Wheeler sounds an early warning that current economic conditions likely signal a coming regulatory wave, similar to the environments that led to the Sarbanes-Oxley and Dodd-Frank Acts.

Take a look at the indicators of upcoming regulations, lessons learned from previous events, and how your organization can prepare with integrated risk management in place.

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How has your team risen to the challenge of unlocking  each auditor's potential to increase organizational  value? Ben Phillips, Vice President of Internal Audit at PetSmart, shares how his remote team develops a  modern audit skillset to ensure their activities are  aligned with the changing risk profile of the company. "We want to ensure that any project we undertake  drives value to the organization — and to  everyone involved." - Ben Phillips Hear how Ben and his team leverage technology  to grow team talent and address evolving business  needs.

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INTERNAL AUDIT

Agents of Change: Paul Sobel of COSO

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In almost every industry, the COVID-19 pandemic has changed how we work — and audit, risk, and  compliance  is no different. But which of these  changes are  temporary,  and which are here  to stay? AuditBoard and Richard Chambers surveyed 175 chief  audit executives from a variety of industries about what  they think the long-term impacts of COVID will be on their businesses and the profession as a whole. Some  of the five key findings include: 83% of CAEs will use innovative new ways to   gather and analyze evidence. 91% believe technology will continue to play  an important role in internal audit processes. 72% said they will put a greater focus on  emerging risks and their possible impacts. Find out more CAE predictions for the future of internal audit  in Richard Chambers’ article analyzing the results.

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Today’s internal audit leaders must be forward thinkers and changemakers, or they risk falling behind new and emerging threats. Hear from the CAEs of leading companies on how they stay aligned, build relationships, and work in a more agile manner on the most recent  episode of AuditTalk. Richard Chambers leads the panel, which features  Dominique Vincenti of Uber, Ben Philips of PetSmart,  and Rick Baltz of Belden on driving strategic change  in their organizations, including: Aligning internal audit with the overall business  strategy. Investing in both technology and talent. Future-proofing their internal audit teams. Browse the highlights on the AuditBoard blog,  then watch the full episode for even more insights.

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Are issues like siloed teams, a lack of visibility into  coverage gaps, and duplicative work preventing  you from gaining an accurate picture of risk across  your organization? Combined assurance aims to combine and coordinate  risk management efforts across the three lines for a more holistic, organized view of risk, along with a  more efficient approach to risk management tasks.  The most common challenges organizations face  in achieving this include: No clear leadership for the effort. Obtaining stakeholder buy-in. Lack of visibility into gaps. Developing a common controls framework. Inefficiencies from decentralized systems. Learn ways to overcome these challenges, then download the complete guide,  Advancing Combined Assurance to  Manage Key Risks, to benchmark your program’s  maturity, get a checklist to guide you, and more!

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