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Every “IT risk” creates some degree of business risk, making it important for Chief Audit Executives (CAEs) to understand IT change and patch management issues. GTAG 2: Change and Patch Management Controls: Critical for Organizational Success, 2nd Edition discusses these issues in a language that allows CAEs to build confidence in their knowledge of the area and add value to the conversation when communicating with senior management, the board, and IT management.
Les mer...The International Auditing and Assurance Standards Board (IAASB) has issued a new rule governing external auditors’ use of internal auditors’ work. ISA 610 (Revised), “Using the Work of Internal Auditors,” sets specific requirements for determining whether internal audit work can be used by external auditors, and if so, in which areas and to what extent.
Les mer...
It’s that time of year again — the time of year when most of the important surveys about internal auditing seem to be published by way of white papers.
Les mer...This issue’s special report – Remixing regulation - focuses on the Basel Committee and internal audit’s central role within bank regulation.
Les mer...The article calls attention to the toxic relationships between the financial services industry and banking regulators that have emerged in Europe and other regions of the world in the wake of the current financial crisis. The article suggests that internal audit can play a role in bridging the gaps between the two sides, and offers a number of strong observations on the value of internal auditing. It mentions recent proposals from The Basel Committee on Banking Supervision as well as The IIA. The article is chocked full of great sound bites
Les mer...