Internal Audit - Amer Morgan

Internal Audit Pulse Report - July 2024

Welcome to the July 2024 edition of the Internal Audit Pulse Report. We are excited to bring you this month’s comprehensive analysis of the latest trends, innovations, and best practices in internal auditing and risk management. As the business environment continues to evolve rapidly, staying ahead of the curve is essential for internal auditors to provide value and ensure organizational resilience.<br><br>In this issue, we delve into the transformative power of AI and advanced data analytics, explore the critical importance of cybersecurity, and highlight the growing emphasis on ESG (Environmental, Social, and Governance) and DEI (Diversity, Equity, and Inclusion) audits. Our goal is to equip you with the knowledge and tools necessary to excel in your audits and contribute to your organization’s success.

Internal Audit Pulse Report - June 2024

Welcome to the June 2024 edition of the Internal Audit Pulse Report, your comprehensive guide to the latest trends, innovations, and best practices in the field of internal auditing. This report is designed to keep you informed and equipped with the knowledge you need to excel in the ever-evolving landscape of internal auditing.<br><br>Why Read This Report?<br><br>In this issue, we delve into the transformative impact of technology on internal audit processes, highlighting how data analytics and artificial intelligence are revolutionizing risk assessment and audit quality. We also explore the growing importance of Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) audits, reflecting the broader societal shift towards sustainability and ethical governance.

Chief Audit Executive’s Guide to Domain III: Governing the Internal Audit Function

The success of an internal audit function hinges on robust support from both the board and senior management. This dynamic is comprehensively covered in the new Global Internal Audit Standards™, specifically in Domain III, which emphasizes the critical dialogue and partnership required between the Chief Audit Executive (CAE), the board, and senior management.<br><br>This guide provides insights and practical advice for CAEs to effectively engage with the board and senior management, ensuring the internal audit function aligns with organizational objectives and achieves its mandate. It outlines the essential conditions and principles necessary for an effective internal audit function, emphasizing the importance of organizational independence, adequate resources, and continuous quality assurance.

Building an Effective Internal Audit Function in the Public Sector

This guide is designed for public sector chief audit executives and their teams, offering a comprehensive roadmap for establishing, improving, or rejuvenating internal audit functions. It addresses the unique challenges of the public sector, including political environments, governance structures, and the need for transparency and accountability. Key topics include operational models, competency requirements, and strategies for stakeholder engagement and continuous improvement. The guide aligns with the latest Global Internal Audit Standards and provides practical steps for creating a high-performing audit function that adds value and ensures the efficient, effective, and equitable use of public resources.

Summary of Conformance Readiness Assessment Tool

The "Conformance Readiness Assessment Tool" by The Institute of Internal Auditors (IIA) is designed to help internal audit functions align with the new Global Internal Audit Standards, effective January 9, 2025. This tool highlights significant changes from the 2017 standards and provides guidance for chief audit executives and their teams to prepare for quality assessments. Key updates include requirements for honesty and professional courage, reporting unethical behavior, updated competency standards, continuing professional development, professional skepticism, information protection, and enhanced communication between the CAE, board, and senior management.

Conformance Readiness Assessment Tool

The document, "Conformance Readiness Assessment Tool," is designed to help internal audit functions align with the new Global Internal Audit Standards, effective from January 9, 2025. <br>These standards incorporate content from the 2017 International Standards for the Professional Practice of Internal Auditing (IPPF) and the related mandatory guidance from the International Professional Practices Framework (IPPF). <br>

Practical Steps for Enhancing Internal Control Systems A Guide for Internal Auditors

In today's dynamic business environment, robust internal control systems are essential for ensuring the reliability of financial reporting, compliance with laws and regulations, and the efficient and effective operation of business processes. Internal auditors play a critical role in evaluating and enhancing these control systems to safeguard organizational assets and ensure operational integrity. This guide provides a comprehensive overview of the practical steps internal auditors can take to enhance internal control systems, including understanding the components of internal controls, assessing current systems, identifying weaknesses, designing and implementing effective controls, leveraging technology, and maintaining strong internal controls through best practices.

Two-Way Mapping

The document titled "Mapping_1715632142.pdf" details the transition from the 2017 International Standards for the Professional Practice of Internal Auditing to the 2024 Global Internal Audit Standards. It provides a comprehensive update and mapping between these standards, incorporating various mandatory elements such as the Code of Ethics, Core Principles for the Professional Practice of Internal Auditing, the Definition of Internal Auditing, and the Mission of Internal Audit.

Condensed Global Internal Audit Standards 2024

الذكاء الاصطناعي ومستقبل التدقيق

هذا البحث المثيرة أعده عامر مرجان، وهو شخصية بارزة في مجال التدقيق له أكثر من ثلاثين عامًا من الخبرة، يستكشف البحث التأثيرات التحويلية للذكاء الاصطناعي على التدقيق الداخلي. تعرف على كيفية أن الذكاء الاصطناعي لا يقتصر فقط على أتمتة العمليات التقليدية، بل يعزز أيضًا العمق التحليلي، ويزيد الكفاءة، ويحدث ثورة في إدارة المخاطر.

المعايير العالمية للتدقيق الداخلي 2024

Global Internal Audit Standards 2024<br>Strategic Importance of Global Internal Audit Standards<br>The &quot;Global Internal Audit Standards 2024&quot; represents a crucial evolution in the field of internal auditing, enhancing the robustness and effectiveness of audit practices worldwide. These standards serve as a critical benchmark for organizations, ensuring that internal auditing functions operate with consistency, transparency, and professionalism. The introduction of these standards marks a significant stride towards global alignment in audit practices, addressing the dynamic risks and challenges faced by organizations in today&#39;s fast-paced and globally interconnected business environment.

AI and the Future of Auditing

This compelling white paper, authored by Amer Morgan, a luminary in the auditing field with over thirty years of experience, explores the transformative effects of Artificial Intelligence on internal auditing. Learn how AI is not just automating traditional processes but is also enhancing analytical depth, increasing efficiency, and revolutionizing risk management.<br>Key Highlights:<br><br>Understand how AI is increasing efficiency in audit tasks.<br>Explore AI role in enhancing control effectiveness and risk assessment.<br>Learn about the future trends that will shape auditing.<br>Whether you an auditing veteran or new to the field, this white paper provides valuable insights that can help you leverage AI to improve your audit practices and drive strategic excellence within your organization.