For years internal audit checked whether processes were followed. The 2024 Global Internal Audit Standards expect far more, and reshape what boards want from the function.
A risk register protects nothing if the controls beneath it fail. Why effective controls are where risk management works or breaks, and how audit gives assurance.
The audit plan decides which risks get independent scrutiny and which do not. A step-by-step guide to building a risk-based plan the board can stand behind.
Plenty of teams call themselves risk-based while auditing on a fixed cycle. What risk-based auditing genuinely involves, and what mature practice looks like.
Internal and external audit are constantly confused. The real differences in purpose, scope and reporting, and how the two actually work together in governance.
