The Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance that go beyond merely defensive moves by the internal ...

Audit engagement risk is something all auditors think about and incorporate into their decisions, but recent research suggests that they might not be thinking about it as broadly as they should.

Diligent, the AI leader in governance, risk and compliance (GRC) SaaS solutions, today announced AuditAI, a new suite of agentic AI capabilities debuting at The Institute of Internal Auditors GAM: ...

And What the Industry Gains When They Do. The financial industry has sophisticated risk models. It does not yet have causal ...

Generally accepted auditing standards (GAAS) require the auditor to identify and assess risks of material misstatement (AU-C §315, Understanding the Entity and Its Environment and Assessing the Risks ...

A natural follow-on question for boards is: beyond setting expectations, how does an organization verify that its AI systems are actually performing as intended, responsibly, and within defined ...