Newsletter - AuditNet

Welcome to the AuditNet® Newsletter published monthly, featuring internal audit related content and resources. Return every month to read the latest Audit News That's Fit to Print. Subscribers have unlimited downloads to hundreds of audit templates, programs, risk control matrices, questionnaires, checklists and guides.

Topic of the Month

Cybersecurity Risk Management Should Be Top Priority As Hacks Rise

The staggering rise in the global average cost of data breaches to $4.88 million (IBM’s Cost of Data Breaches Report 2024) underscores the urgent need for robust cybersecurity measures. The SEC's cybersecurity rule amplifies the pressure on CISOs and risk leaders to integrate comprehensive cybersecurity controls across their organizations. Read more on the evolving landscape of cyber risk management, emphasizing the importance of board-level engagement and the strategic alignment of cybersecurity initiatives with broader business goals.

This October, gear up for Cybersecurity Awareness Month by learning how to navigate heightened regulatory demands and safeguard your enterprise against sophisticated cyber threats. Read the full article here.

This Month’s Featured Templates

Corporate Governance Audit
Capital Assets Depreciation Risk Control Matrix Template
Internal Controls Assessment Template
Procurement Audit Objectives, Controls, Risks and Testing
Accounts Receivable Employees Audit Program

Training and Webinars

Hybrid Cloud Security: A Primer for Internal Auditors | October 3, Virtual

Organizations of all sizes are facing concerns in how to effectively harness the benefits of gen AI and hybrid cloud technologies while balancing responsible use and trust. Gen AI holds immense potential for driving business innovations, but it necessitates careful strategic consideration across various use cases. Register to see how you can scale AI to fuel business innovations while managing risk, security, and compliance requirements. Plus, earn up to 1 CPE!

Roundtable: Auditing Cybersecurity | October 15, Virtual

Join an exclusive executive roundtable this Cybersecurity Awareness Month, where top leaders will tackle the pressing challenges of staffing and executing cybersecurity engagements amidst evolving risks. This event, available to the IIA’s Audit Leader Network only, offers unparalleled access to vital relationships, professional development, and tailored resources to fortify your organization's cybersecurity strategy. Don't miss this opportunity to elevate your leadership and safeguard your enterprise—sign up now!

Interested in becoming a member of the IIA’s Audit Leader Network? Learn more about membership and the benefits here.

Auditing Artificial Intelligence (AI): A Hands-On Course for Internal Auditors | October 22-25, Virtual

Elevate your auditing skills with the expertise, tools, and accreditation needed to effectively audit AI systems. Master AI governance, compliance, and data audits, including large language models (LLM), through practical workshops and real-world scenarios. Earn up to 16 CPE credits while gaining invaluable experience in a secure, cloud-based lab environment. Sign up today!

2024 Cybersecurity Virtual Conference | October 30, Virtual

Stay ahead of critical issues in data protection, data privacy, and cybersecurity to become more responsive in your work. Learn more about auditing cybersecurity and incident management programs, explore current challenges, and gain insights into internal audit’s role regarding data governance, ethics, and privacy by registering today!

Certificate: Auditing the Cybersecurity Program | On-Demand Program

With cyberattacks and data breaches increasing around the globe, lawmakers are focusing on cyber-related regulations. Internal audit plays a key role in supporting the organization in reducing cyber-related risk through cybersecurity program auditing. Learn more and earn up to 9 CPE credits. Sign up to take the course.

Auditing Third-Party Risks | On-Demand Course

Unlock the full potential of third-party relationships while effectively managing associated risks. Gain valuable insights into governance structures, risk management processes, and the critical role of internal audit in overseeing these relationships. Plus, earn up to 1.8 CPE credits. Sign up now.

Featured Articles

What the SEC Cybersecurity Rule Means for You 

The SEC cybersecurity rule has heightened the importance of evaluating the materiality of non-financial information for companies, impacting various teams across SEC reporting, ESG, audit, and risk. In addition to maintaining internal security measures, it is crucial to practice cybersecurity risk management when collaborating with contractors, partners, or vendors. It’s an opportune moment for audit and risk teams to reevaluate their current cybersecurity program and prioritize effective cybersecurity risk management. Read full article here.

Evolving with the Global Internal Audit Standards: Leveraging Tech to Enhance Audit Quality

With the new Global Internal Audit Standards^TM, it’s crucial for internal audit teams to proactively prepare for the changes and anticipate future trends. Understand the essential updates and explore how you can leverage technology to improve audit quality and provide additional value. Learn about the benefits of the new Standards, including new Topical Requirements like the Cybersecurity Topical Requirement are meant to reflect the dynamic nature of today’s business environment and help organizations address emerging risks and technological advancements. Read full article here.

About Workiva

Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading cloud platform for assured integrated reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Workiva offers the only unified SaaS platform that brings customers’ financial reporting, Environmental, Social, and Governance (ESG), and Governance, Risk, and Compliance (GRC) together in a controlled, secure, audit-ready environment. Our platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.

Topic of the Month

Internal Audit’s Role in Gen AI: Enhance Value, Minimize Risk

Generative AI is poised to revolutionize businesses, bringing both exciting opportunities and new challenges to analytics and reporting. Internal auditors must navigate this rapidly evolving landscape, balancing the adoption of gen AI with effective governance practices. This guide offers insights on how to mitigate AI-related risks, implement best practices for strong governance, and stay ahead of global AI regulations. Plus, tips on ways to leverage it to optimize your own audit processes.

Read more to equip yourself with the knowledge and tools needed to harness the power of generative AI!

Integrate AI Safely: Generative AI Governance Framework

The "Integrate AI Safely" framework is a comprehensive guide developed by over 1,000 experts from various fields to help organizations harness the power of generative AI while managing associated risks. This versatile framework addresses the unique challenges posed by gen AI, including its ability to create new information and its widespread integration into various software and organizational solutions. It offers valuable insights for businesses, non-profits, and government entities alike, helping them navigate the complex landscape of AI governance and risk mitigation.

To unlock the full potential of gen AI while safeguarding your organization, download the framework today.

This Month’s Featured Templates

Data Analytic Tests for Fraud
IT Risk Management Framework - Organizational IT Governance and Control System
Insider Threats Review
Budget Process and Controls Audit
Auditing Cryptocurrency

Training and Webinars

The Evolving Role of CFOs and CSOs in Preparing for ESG Assurance | September 5, Virtual

Join as Workiva and Verdantix for a comprehensive webinar on the current state of ESG and sustainability reporting practices, based on extensive surveys and interviews with over 400 decision-makers across various roles and regions. The study reveals key insights into how organizations are preparing for new ESG assurance requirements, from developing robust controls and governance to aligning CFO and CSO organizations and creating ESG controller positions. Examine the role of technology in supporting assured integrated reporting—register today!

Workiva Amplify, Americas | September 9–11, In Person or Virtual

Join thousands of passionate audit, risk, ESG, and finance professionals at Workiva Amplify in Denver for three days packed with thought-provoking sessions, hands-on workshops, networking, and fun. Learn from some of the brightest minds in the business from companies like Google, Delta, Coca-Cola, and Hyatt. Plus, earn up to 12 CPE credits! Can’t join us in person? You can still join us online! Register now.

Tactical AI: A Stage-by-Stage Guide to Transforming Audits | October 1, Virtual

Uncover the impact of AI on auditing and how it revolutionizes each phase, from initial risk evaluation to final report. This webinar will explore AI's role in boosting efficiency, and how you can use it to elevate your team's potential and deliver time-efficient strategies. Participate to transform theoretical AI concepts into practical auditing tools and gain up to one NASBA CPE credit. Register now to stay ahead in the AI-driven auditing landscape!

AI-Powered Auditing Unlocking the Potential of LLMs in the Audit Lifecycle | November 14, Virtual

Explore the transformative potential of Large Language Models (LLMs) in the auditing realm and gain a foundational understanding of their evolution and capabilities. This session will delve into how AI can augment and accelerate various stages of the audit lifecycle, from planning to reporting, while also addressing the risks and necessary controls when integrating LLMs into audit workflows. Participants will gain hands-on experience with the latest prompt formats and uncover the profound capabilities of AI in data analysis and auditing processes. Don't miss this opportunity to shape the future of auditing with AI—register today and earn up to one (1) NASBA CPE credit!

Audit in an Hour: How to Revolutionize ESG Audits with Gen AI | On-Demand Session

In just one hour, you can learn how to leverage gen AI to conduct an audit! Join Workiva and KPMG for this interactive webinar where you’ll learn how to create generative AI prompts for planning, executing, and reporting audit results, including ESG-related audits. This is your opportunity to immerse yourself in gen AI—watch now!

Enhancing Internal Audit’s Impact with AI and Analytics | On-Demand Session

While auditors have leveraged elements of AI and data analytics for years to help them tackle expanding demands, the release of several generative AI models has introduced even more opportunities for internal auditors to transform processes with technology. Tune into this engaging discussion to learn how internal audit can drive value with AI and analytics. You’ll learn ways teams can broaden their use of data analytics, how to apply AI across the three lines of defense, and much more! Watch now.

Featured Articles

What is the Gen AI Governance Framework?
How can leaders and their internal auditors manage the risks and enjoy the rewards of using generative artificial intelligence? Marc Eulerich of the University of Duisburg-Essen, David Wood of BYU, and their co-authors recently published a new enterprise risk framework for gen AI that might help. Marc answered questions about that framework in a recent episode of Off the Books. Tune in!

Generative AI in Internal Audit: Practical Application for Audits with Example Prompts
Explore the transformative potential of generative AI in audit and risk processes, offering practical guidance on crafting effective AI prompts for internal auditors. With specific examples of how to use gen AI prompts in various stages of an ESG audit, from planning and risk identification to remediation and reporting. Learn more about Workiva's Gen AI platform with its secure integration and unique features that sets it apart from other gen AI tools. Read the full article to discover practical tips and applications!

Surfing the Waves of Change with a Chief Accounting Officer
Join us in this Off the Books episode for an insightful conversation with KeyBank Chief Accounting Officer Stacy Gilbert, recorded outside the iconic New York Stock Exchange. In this episode, Stacy shares her perspective on leadership in the rapidly evolving accounting and finance profession, discussing digital transformation, generative AI, and how accounting leaders can guide their organizations through change. She delves into the challenges of keeping pace with technological advancements, meeting evolving stakeholder demands, and the crucial role of process automation and AI in modern finance. Listen to the full conversation now.

IIA Online Exclusive: Reporting Transformed
Gen AI tools are revolutionizing internal audit reporting by enhancing efficiency, depth, and quality of analysis. Internal auditors can create custom GPT services to assist in report generation and analysis, following a five-step process that includes data preparation, model training, and secure deployment. While these tools offer significant benefits, auditors must be mindful of challenges such as data privacy, model bias, and potential risks associated with emerging AI technologies. Read more in this member-only article to see how you can stay at the forefront of this transformative technology and learn more about leveraging AI in internal auditing.

Interested in becoming a member of the IIA? Learn more about membership and the benefits here!

About Workiva

Topic of the Month

The C in ESG: The Critical Role Cybersecurity Plays

When it comes to ESG, cybersecurity might not be top of mind. Yet, as websites continue to collect user data and artificial intelligence rises, the challenges associated with safeguarding various types of data assets are rapidly increasing. With organizations battling many cyber-related threats that tie directly back to ESG, cybersecurity should be a key focus for organizations’ ESG efforts.

And that’s where internal audit teams come in. By collaborating closely with the chief information security officer (CISO) and other critical team members, internal auditors can proactively contribute and maximize their impact by identifying emerging cyber threats and implementing strategies to mitigate them. Learn more.

This Month’s Featured Templates

Purchase Audit Program
IT Risk Management Framework - IT Maintain IT Management Controls
Control Matrix Inventory
COSO-ERM 2017 Governance & Culture HR
GDPR Article 35 Internal Controls Data Protection Impact Assessment

Training and Webinars

ESG and the Role of Internal Audit | August 7, Virtual

Join us for an in-depth examination of the role that internal audit plays in the corporate world. This webinar will dive into the complexities of incorporating environmental, social, and governance (ESG) reporting guidance to meet requirements with a focus on implementing internal controls over sustainability reporting (ICSR). This webinar will equip participants with a thorough understanding of the responsibilities that internal auditors bear in sustainability reporting. Register now!

Audit in an Hour: How to Revolutionize ESG Audits with Gen AI | August 15, Virtual

In just one hour, we’ll show you how you can leverage gen AI to conduct an audit. Join Workiva and KPMG for this interactive webinar where you’ll learn how to create generative AI prompts for planning, executing, and reporting audit results, including ESG-related audits. Immerse yourself in gen AI and learn alongside other audit leaders! Register now.

2024 GRC Conference, Austin, TX, or Virtual | August 12–14

The IIA and ISACA partner to gather the leading minds in GRC to provide guidance, world-class content, and emerging trends for professionals like you. Earn up to 24 CPE credits while staying up to date on the recent trends in the governance, risk, and control landscape! Register today.

Workiva Amplify, Americas | September 9–11, In Person or Virtual

Prepare to climb to new heights as you learn and network in the Mile High City! Join us in Denver to elevate your expertise across 70+ breakout sessions and immersive workshops—and earn up to 12 CPE credits. Thousands of passionate audit, risk, accounting, finance, and ESG professionals will join forces for three days packed with best practices, thought-provoking sessions, and peer networking. Register to secure your spot!

2024 Cybersecurity Virtual Conference | October 30, Virtual

Certificate: Auditing the Cybersecurity Program | On-Demand Program

Hybrid Cloud Security: A Primer for Internal Auditors | October 3, Virtual

Featured Articles

Evolving with the Global Internal Audit Standards: Leveraging Tech to Enhance Audit Quality

With the new Global Internal Audit Standards^TM, it’s crucial for internal audit teams to proactively prepare for the changes and anticipate future trends. Understand the essential updates and explore how you can leverage technology to improve audit quality and provide additional value. Learn about the benefits of the new Standards from enhanced accountability and improved risk management to increased alignment with stakeholders. Read full article here.

Privacy and Data Protection: Part 3

With the increasing reliance on digital technology and the accumulation of large amounts of data, organizations face growing risks of unauthorized access and privacy breaches. Simultaneously, the regulatory landscape concerning data protection and privacy is evolving. Learn more about what effective collaboration between internal auditors and data privacy professionals looks like. Read more here.

What the SEC Cybersecurity Rule Means for You

About Workiva

Topic of the Month

How to Prepare for the ESG Assurance Requirements of the SEC Climate Rule

Although the SEC climate disclosure rule is on pause, being prepared for ESG assurance requirements is still important. With global regulations like the CSRD, which will impact many companies, teams need to embed sustainability and assurance within the annual reporting process.

Learn more about the assurance requirements and how internal auditors can help their organizations—from assessing a broad range of ESG-related risks to ensuring the completeness and accuracy of ESG data, by reading this article.

This Month’s Featured Templates

Strategic Financial Management RCM Template
CAE Performance Checklist
SOX-Enhanced Financial Disclosures
Banking - Project Management Process Flow
Data Privacy Audit for Small Companies

Training and Webinars

IIA International, Washington, D.C., or Virtual | July 15–17

Join the IIA for the 2024 International Conference in Washington, D.C. or virtually! This conference will focus on the new horizons and new opportunities available for the global practice of internal audit. Dive into best practices, cutting-edge technologies, and emerging trends within the profession. Plus earn up to 18.2 CPE credits! Workiva is a Diamond sponsor of this amazing conference, and we can’t wait to see you there! Use our code for $200 off: IC24EB_WOR. Register now.

2024 GRC Conference, Austin, TX, or Virtual | August 12–14

The IIA and ISACA partner to gather the leading minds in GRC to provide guidance, world-class content and emerging ideas for professionals like you. Empower yourself to succeed and earn up to 24 CPE credits while staying up to date on the recent trends within the governance, risk, and control landscape! Register today.

Workiva Amplify, Americas | September 9–11, In Person or Virtual

ESG Certificate: Internal Auditing for Sustainable Organization | July 18-26, Virtual

Participate in a hands-on certificate program providing practical application of critical ESG metric identification and reporting. As the pressure to understand and manage ESG risks increases across the globe, regulators are focused on organizations producing accurate and reliable reporting. After completion, participants are eligible for the certificate exam which is administered on the IIA’s LMS platform. Plus, earn up to 16 CPE credits! Register today.

The Intersection of ESG & GRC: Streamlining Assurance of Your ESG Efforts | Virtual

Join us as we explore the critical role internal audit plays in ESG and how your organization can start or mature an existing ESG program. Identify the challenges of ESG that seem to be on every organization’s radar today. Discover the benefits of leveraging technology to streamline the assurance of your ESG efforts on your own time. Watch on demand here!

Featured Articles

Embedding ESG and Sustainability Considerations Into The Three Lines Model

Curated by WBCSD and the IIA, this report highlights internal and external factors driving the integration of ESG and sustainability into decision-making. It suggests how organizations can bring these into the key roles and responsibilities outlined in the IIA’s Three Lines Model. Get recommendations and insights from interviews of 12 companies, practitioners, and regulatory bodies. Read here.

Internal Audit Insights: How Leaders Are Driving Organizational Value

Dive deeper into this article to learn about some of the most innovative, forward-thinking internal audit teams around the world—and how they’re promoting transformative change and increasing value across their organizations. Discover how The Wendy’s Company integrated audit across the enterprise to deliver timely insights and how a global manufacturing company is taking a regulation-ready approach to tackle the complexities of worldwide auditing. Read full article here.

All Things Internal Audit AI Podcast: Generative AI Uses for Internal Audit

This episode of All Things Internal Audit discusses the useful role of generative AI in the workplace and its potential use for internal auditors. Hear how you can prepare for AI integration in audit and the future direction of AI for internal audit. Listen to the full conversation here or on your preferred podcast platform.

About Workiva

Topic of the Month

Pulse Check: Fraud Risk Management

Fraud consistently ranks among the highest risk concerns for organizations. Yet, the extent of internal audit's involvement in fraud risk management varies significantly across functions. Does your department oversee whistleblower hotlines or directly handle fraud investigations? Gain insights into diverse approaches to this critical risk in the IIA’s latest Pulse Check. Read here.

Learn more about the IIA’s Audit Leaders Network Membership here.

This Month’s Featured Templates

Cybersecurity Audit Program

Risk Management Review Program

ESG Audit Program

Revenue Risk Control Matrix (RCM)

Annual Performance Plan Audit Program

Training and Webinars

Managing People Risk with Behavioral Science | On-Demand Virtual Course

Join this IIA course to learn the intricacies of people risk within corporate policies and procedures. In today's dynamic business landscape, understanding and mitigating people risk is crucial for successful risk management. Explore how principles from leadership strategy, behavioral economics, and psychological sciences intersect with internal audit expertise to navigate people risk effectively. Gain valuable insights on enhancing risk mitigation strategies and ensuring policy adoption within your organization. Sign up here.

Workiva GRC Demo: ESG Audits, Controls, & Risk Management | June 4, Virtual

Join us for a live demo of the Workiva platform tailored for internal audit and risk teams! In this 30-minute webinar with Q&A, discover how leading organizations utilize Workiva to manage ESG-related risks, controls, audits, and policies. See how the platform enables real-time collaboration, automates tasks, and provides meaningful insights. Can’t attend? Register now and receive the recording afterward.

Accelerate 2024: Lead the Change | June 6, 2024, Virtual

The lines between teams are blurring to mitigate strategic, operational, financial, and reputational risk. To get ahead, assured integrated reporting of financial and non-financial data is an imperative. Join Workiva to discuss the evolving landscape of reporting governance and share insights on modernizing reporting, risk, controls, and audit practices. Earn up to 2 CPE credits. Register here.

ESG Learning Lab—Chicago & New York City | June 6 & June 10, 2024, In-Person

Join Workiva’s free half-day event offered in Chicago or New York City to learn ways you can take action on wave of ESG regulations. ESG Learning Labs seek to create an environment fostering collaboration through guided conversations and exposure to how technology can accelerate your ESG strategy. Register for Chicago here and New York City here.

IIA Sustainability Audit Risk Assurance Virtual Conference | June 20, 2024, Virtual

Join the IIA for the Sustainability Audit Risk Assurance (SARA) Virtual Conference. This one-day conference is dedicated to supporting internal auditors and helping them navigate the ongoing changes with ESG regulations. Use this as an opportunity to explore compliance, risk, and reporting on organizational sustainability initiatives—plus earn up to 6.6 CPE credits. Register here.

Evolving Your Internal Audit Department with Quality and Technology | June 26, 2024, Virtual, Audit Leaders Network Event

Learn more about the IIA’s Audit Leaders Network here.

IIA International, Washington, D.C., or Virtual | July 15–17

Join the IIA for the 2024 International Conference in Washington, D.C. or virtually! This conference will focus on the new horizons and new opportunities available for the global practice of internal audit. Dive into best practices, cutting-edge technologies, and emerging trends within the profession. Plus earn up to 18.2 CPE credits! Workiva is a Diamond sponsor of this amazing conference, and we can’t wait to see you there! Register now.

Workiva Amplify, Americas | September 9–11, In Person or Virtual

Featured Articles

All Things Internal Audit Podcast: Navigating Sustainability Regulations

In this episode of All Things Internal Audit, Mandi McReynolds, Workiva's VP of Global ESG and CSO, leads a thought-provoking discussion on the evolving regulatory landscape surrounding sustainability. Emphasizing the importance of collaboration among various teams within companies—including finance, audit, risk, and ESG—McReynolds highlights the necessity to effectively navigate these new regulations. Don't miss out on the valuable insights shared in this episode—listen to the full discussion on your preferred podcast platform.

2024 ESG Practitioner Survey

In the “2024 Global ESG Practitioner Survey”, 88% surveyed said believe that assurance over ESG data increases the likelihood that a company will achieve its goals. Get the full details of what 2,000 finance, sustainability, audit, and risk professionals said when surveyed about their perspectives on ESG and integrated reporting. Download here.

About Workiva

Topic of the Month

Celebrate International Internal Audit Awareness Month

There is so much to celebrate about the internal audit profession, which is why you should take a moment this month to do just that! By promoting the importance of what we do and bringing awareness to internal audit, we can help people understand the true value internal auditors bring and shape the future of our profession. If you are looking for ideas, check out this article that shares 11 ways you can celebrate this month and beyond! Read the article.

This Month’s Featured Templates

COSO Internal Control Framework C2 Control Activities - Environmental Issues

Anti-Fraud Audit Template - Fictitious Expense Reimbursement scheme

Cybersecurity Governance

SOX- Corporate Tax Returns

Endowment Processing Audit

Training and Webinars

Combating ESG Fraud Webinar with WorldCom Whistleblower | May 15, 2024, Virtual

ESG is taking a more prominent position in society, increasing the pressure on organizations to report positive ESG results. This increase in pressure may tempt organizations to “stretch the truth” or potentially misrepresent their organization’s performance related to ESG metrics.

Join Cynthia Cooper, WorldCom whistleblower and former VP of Internal Audit, Michael Schor, Partner—Risk & Financial Advisory Practice, Deloitte, and Grant Ostler, Industry Principal, Workiva, for a webinar exploring leading practices to help your organization avoid reputational damage from misreported ESG metrics by implementing internal controls over sustainability reporting (ICSR). We will also explore ways to leverage analytics and AI to improve both the effectiveness and efficiency of your sustainability reporting. Reserve your spot now.

Accelerate 2024: Lead the Change | May 7 to June 6, 2024, In-Person & Virtual

The lines between teams are blurring to mitigate strategic, operational, financial, and reputational risk. To get ahead, assured integrated reporting of financial and non-financial data is an imperative. Join Workiva at one of our upcoming events hosted in D.C. (for federal government), NYC, Chicago, and virtually to discuss the evolving landscape of reporting governance and share insights on modernizing reporting, controls, and audit practices. Earn up to 2 CPE credits per event. Register here.

ESG Learning Lab—Chicago & New York City | June 6 & June 10, 2024, In-Person

Join Workiva’s free half-day event to learn ways you can take action on wave of ESG regulations. ESG Learning Labs seek to create an environment fostering collaboration through guided conversations and exposure to how technology can accelerate your ESG strategy. Register for Chicago here and New York City here.

IIA Sustainability Audit Risk Assurance Virtual Conference | June 20, 2024, Virtual

Innovating GRC Technology within your Internal Audit Department | June 26, 2024, Virtual, Executive Member Event

This event is your gateway to exploring emerging trends and leading practices in GRC technology adoption, focusing on enhancing audit effectiveness, efficiency, and agility. Whether you're seeking to stay ahead of the curve or revolutionize your audit processes, this webinar will provide invaluable insights and actionable strategies. But that's not all—as an executive member, you gain access to a wealth of benefits, including essential relationships, tailored resources, and professional development opportunities. Plus, earn one CPE credit! Register here.  

Learn more about the IIA’s Executive Membership here.

Featured Articles

Audit Standards and Sustainability

Anthony Pugliese, president and CEO of the Institute of Internal Auditors (IIA), joins Mandi McReynolds on the ESG Talk podcast to discuss global internal audit standards and their impact on corporate governance, risk management, and ESG reporting. Tune in as they discuss how organizations can adapt to today's dynamic business environment. Listen now.

Raising Standards

This article discusses the transformative impact the IIA's Global Internal Audit Standards will have on the industry. Explore this evolutionary framework and discover how it redefines excellence in auditing, emphasizing both compliance and performance. Gain insights into next steps your team can take and how this can help you elevate your impact. Read the full article here.

The SEC Climate Rule Has Been Paused

While the SEC has paused its climate disclosure rule, it still stands by the rule’s merits and plans to defend the rule against legal challenges. Read this article to get clarity on what actions to take during this period and learn how global regulations like the CSRD and California's climate laws factor into the equation. Full article here.

Stepping Into the Future

This piece explores the impact digital tools and technologies have on internal audit practices and the evolving future workforce, revealing how these tools could potentially shape internal audit roles. Learn strategies to navigate this transformative era and how you can seek out opportunities to enhance your skills valued in digitally transforming organizations. Read the article.

About Workiva

Topic of the Month

SEC Climate Disclosure Rule: What You Need to Know

The U.S. Securities and Exchange Commission (SEC) recently finalized its much-anticipated climate disclosure rule, marking a significant call to action for public companies across industries. In this comprehensive blog post, Workiva's Vice President and Industry Principal, Steve Soter, provides a detailed breakdown of what the SEC climate disclosure rule entails, its timeline, key requirements, and implications for businesses.

Soter also explores crucial aspects, including materiality considerations, climate-related risks, and more that are essential to comply with the new rule. Read the full blog to gain a deeper understanding of the SEC climate disclosure rule.  Want to learn more about the assurance requirements and how organizations, including internal audit and controls teams can prepare? Learn more from Grant Ostler, Workiva Industry Principal for GRC, in this blog.

Take the Regulatory and Market Trends Survey! 

With new cybersecurity rules, California’s climate laws, the CSRD, the SEC’s final climate disclosure rule, and so much more—keeping on top of constant regulations can be challenging. Workiva is conducting a survey to understand how teams and organizations are preparing for upcoming regulations, plus other factors like gen AI. Complete the survey by April 22, 2024, and you will be entered into a drawing for a Playstation® 5. Take the survey.

PlayStation® is a registered trademark of Sony Interactive Entertainment Inc.

This Month’s Featured Templates

COSO ERM 2017 Governance & Culture Budgeting Compliance Review
SOX Corporate Responsibility Financial Reports
HIPAA Incident Breach Investigation
Corporate Compliance Audit Worksheet
IT Control Objective Provide for Independent Audit

Training and Webinars

2024 Analytics, Automation, and AI Virtual Conference | April 18, 2024, Virtually

Join IIA’s one-day virtual conference to explore the transformative potential of data literacy, analytics, automation, and AI in organizational settings. Gain valuable insights on internal audit activities, earn up to 6.6 CPE points, and discover strategies to enhance operational efficiency and value delivery. Learn ethical considerations and best practices for data usage governance and explore cutting-edge techniques for automating audit processes. Don't miss this opportunity—register now to advance your skills.

Accelerate 2024: Lead The Change | May 7 to May 21, In-Person
The lines between teams are blurring to mitigate strategic, operational, financial, and reputational risk. To get ahead, assured integrated reporting of financial and non-financial data is an imperative. Join Workiva at one of our upcoming in-person events hosted in D.C. (for federal government), NYC, San Jose, and Chicago to discuss the evolving landscape of reporting governance and share insights on modernizing reporting practices. Learn more about Accelerate events here. Earn up to 2 CPE credits per event.

Initial Reactions to the SEC’s Climate Disclosure Rule | Virtual
At its meeting on March 6, the SEC approved a final rule on climate disclosure. Join Kristen Sullivan, US Sustainability and ESG Services Leader at Deloitte & Touche LLP, Mark Mellen, ESG Industry Principal at Workiva, and Steve Soter, VP, Industry Principal at Workiva, as they review who’s impacted, new reporting and assurance requirements, and the steps companies can take to prepare for the new rule. Watch on demand here!

Featured Articles

Article: How to Prepare for the ESG Assurance Requirements of the SEC Climate Rule
With the final SEC climate rule, companies will need external assurance for certain ESG disclosures. Given these new requirements, integrating processes and preparing for ESG assurance is crucial. Get details on what the final assurance requirements are, what this means for internal audit and controls teams, and how you can help guide your organization and add value. Read the full article.

Podcast: Making Sense of the SEC Rule on Climate-Related Disclosures
In light of the SEC’s new climate-related disclosure rule, podcast teams from ESG Talk and Off the Books podcast huddled to make sense of it all. In this special crossover episode, ESG Talk and Off The Books dive into the long-awaited SEC climate disclosure rule. Jonathan Gregory of The Hershey Company and Alan Wilson of WilmerHale and hosts Steve Soter, Mandi McReynolds, and Andie Wood discuss what the new requirements mean for practitioners, investors, and the future of financial and ESG reporting. Listen in here!

Deloitte Article: Are Your Systems Ready for ESG Reporting?
As sustainability becomes a non-negotiable for businesses, the pressure to deliver transparent and consistent ESG performance reports is mounting. With regulations like TCFD, NFRD, and the CSRD raising the bar, ad hoc reporting practices are no longer sufficient. Discover how to navigate this by establishing robust processes and systems that ensure compliance and drive sustainability efforts. From leveraging enterprise systems to harnessing existing tools and accelerators, Deloitte offers a roadmap to guide your organization towards ESG reporting excellence. Read the full article to aid your sustainability transformation.

ESG Frameworks, Regulations, and Risk: Internal Audit's Role in Bringing It All Together
Dive into the IIA’s latest brief to uncover the impact of new ESG regulations and how to foster greater collaboration between internal audit, ESG, and financial reporting teams. With insights tailored for audit professionals, this brief equips you with the information you need to take advantage of the unique opportunities presented with evolving ESG regulations. Read more to stay ahead of the curve. 

This is an exclusive piece available for IIA executive members. Learn more about membership options here.

About Workiva

Topic of the Month

Internal Audit’s Role in Gen AI: Enhance Value, Minimize Risk

Amidst the buzz surrounding generative AI, it's crucial to understand its transformative potential. While AI isn't new, the advent of gen AI introduces countless opportunities for organizations to enhance efficiency and gain a competitive edge. Internal auditors, in particular, stand to benefit from embracing gen AI, leveraging its capabilities to drive impact and advocate for effective governance practices. To navigate this evolving landscape, auditors can utilize guides to mitigate AI-related risks, implement leading gen AI practices, and understand global regulations. Read this guide to embrace the transformative power of gen AI and propel your organization into the future.

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With new cybersecurity rules, California’s climate laws, the CSRD, the SEC’s forthcoming climate disclosure rules, and so much more—keeping on top of constant regulations can be challenging. Workiva is conducting a survey to understand how teams and organizations are preparing for upcoming regulations, plus other factors like gen AI. Complete the survey by April 22, 2024, and you will be entered into a drawing for a Playstation® 5. Take the survey.

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This Month’s Featured Templates

Retail Risk Management

Wealth Management Audit Program

Asset Management Tools

Asset Liability Management Process Flow

Complaint Handling

Security and Monitoring (Police Department)

Finance Audit Work Program (Banking)

Fraud Risk Management Risk Control Self Assessment

Balance Sheet Reconciliation Audit Program

Training and Webinars

2024 IIA GAM Conference | March 11-13, 2024, Las Vegas, NV or Virtual

Step into the forefront of internal audit innovation and leadership at the 2024 IIA Great Audit Minds conference, where pioneers and trailblazers are shaping the future of the industry. Over three days, immerse yourself in a dynamic learning environment featuring four general sessions, 55 concurrent sessions, and an opportunity to earn 17.4 CPE credits. REGISTER NOW FOR A 10% DISCOUNT: Workiva is a sponsor of this wonderful event, and we can’t wait to see you in Vegas (or virtually)! Use discount code “GAM_10WRK” for 10% off: Register here.

Stay Ahead of Corporate Reporting Regulations | March 14, 2024, Virtual

Get a glimpse into the current state and future trajectory of business reporting and technology. Join Workiva and PwC for a one-hour webinar March 14, when we’ll discuss results of a new survey highlighting the role of emerging technologies, the importance of third-party assurance, evolving environmental, social, and governance (ESG) regulations, and labor challenges. Register here.

2024 Analytics, Automation, and AI Virtual Conference | April 18, 2024, Virtually

Join IIA’s one-day virtual conference to explore the transformative potential of data literacy, analytics, automation, and AI in organizational settings. Gain valuable insights on internal audit activities, earn 6.6 CPE points, and discover strategies to enhance operational efficiency and value delivery. Learn ethical considerations and best practices for data usage governance and explore cutting-edge techniques for automating audit processes. Don't miss this opportunity—register now to advance your skills.

Featured Articles

Predictions for 2024: How Finance, ESG, Legal, Audit, and Risk Teams Can Prepare

As organizations navigate new techniques and cutting-edge technology—including gen AI—there is a lot for teams to consider. Read this article to hear from audit, risk, accounting, finance, ESG, and legal professionals, including insights on how internal auditors can embrace the transformative power of gen AI for their own work while ensuring strong governance measures are in place to maximize its potential across their organizations while mitigating risks.

The Emergence—and Ethics—of Generative AI

AI's rapid evolution marks a pivotal moment akin to the internet's transformative impact. CEOs are increasingly embracing AI to fuel future growth. Yet, navigating this change demands agility and innovation. In the recent KPMG CEO Outlook, 70% of leaders said generative AI is their top investment priority, with most expecting to see a return on investment within three to five years. However, the challenge lies in crafting strategic AI approaches that balance opportunities with ethical and technical risks. Learn more and get additional insights from KPMG here.

About Workiva

Topic of the Month

The Future of Internal Audit: 5 Emerging Trends
Dive into this article to learn five key shifts shaping the global role of internal auditors, from AI's impact to the pivotal role adopting the right technology plays in driving organizational success. It shares more on how internal auditors can position themselves as strategic advisors amidst transformative changes. Read the full article here.

Training and Webinars

Hot Topics in Risk and Compliance: Enhancing Internal Audit’s Impact with AI and Analytics | February 14, 2024, Virtual, 11:00 a.m. ET
With a rapidly-changing regulatory environment, a growing shortage of trained professionals, and other macro challenges, today’s internal audit, risk, and compliance professionals are faced with increasing demands to “do more with less”. So how can you keep up?

Join Grant Ostler, Industry Principal at Workiva, and Sue King, Partner at KPMG, for an engaging discussion on ways to tackle expanding expectations, drive transformation, and innovate with AI and analytics. They’ll share ways you can broaden your use of data analytics and apply AI to add more value, examine the risks AI introduces and strategies for mitigating these risks, and dive into practical examples of how audit departments are using AI.

Workiva offers one complimentary CPE credit for this webinar. Register today.

2024 IIA GAM Conference | March 11-13, 2024, Las Vegas, NV or Virtual
Ignite your journey into the future of internal audit by joining the premier gathering of innovators, leaders, and trailblazers at the IIA 2024 GAM: Great Audit Minds conference.

Engage with peers facing similar challenges and collaborate to solve current audit challenges while exploring new approaches and techniques for your audit practice. Don't miss this opportunity to embrace the future of internal audit in a three-day event featuring four general sessions, 55 concurrent sessions, and the chance to earn 17.4 CPE credits. REGISTER NOW FOR A 10% DISCOUNT: Workiva is a sponsor of this wonderful event, and we can’t wait to see you! Use discount code “GAM_10WRK” for 10% off: Register here.

Workiva GRC Platform Demo: Automation, AI, & Beyond | February 27, 2024, Virtual, 11:00 a.m. ET
Join Workiva experts as they walk through a product demo of the platform. During this live demo, you’ll see how the Workiva platform enables you to boost productivity with built-in automation and gen AI, collaborate securely with internal teams and external audit, and keep stakeholders informed with real-time reports. Save your spot here.

Featured Articles

The New Global Internal Audit Standards™ from the IIA
Through a collaborative effort of the internal audit community, the new Global Internal Audit Standards™ from the IIA are here. Learn more and read about the new Standards here, which will become effective in January 2025.

IIA AI Knowledge Center
The IIA’s new Artificial Intelligence Knowledge Center provides centralized access to articles, webinars, guidance, podcasts, an updated auditing framework, and much more to help you keep up with the latest in AI. Explore AI resources here.

Generative AI in Internal Audit: Practical Application for Audits with Example Prompts
Generative AI is reshaping audit and risk processes, presenting opportunities to boost efficiency. This article explores gen AI's potential for audit teams and shares ways internal auditors can create effective prompts by outlining best practices. Explore how internal audit teams can utilize gen AI for things like risk identification and report drafting. Read more here.

KPMG Exclusive Survey: Generative AI: From Buzz to Business Value
Recent findings from a KPMG U.S. survey reveal that 75% of business leaders rank gen AI as the top emerging technology that will impact their business over the next 12 to 18 months. Discover more insights on emerging trends in the use of gen AI, including how business leaders are embracing its full potential. Learn more here.

About Workiva

Topic of the Month

Training and Webinars

Workiva offers one complimentary CPE credit for this webinar. Register today.

Featured Articles

About Workiva

For over two decades, AuditNet has been the go-to resource for global auditors seeking out industry content, training, and news. In the spirit of AuditNet's mission to be at the forefront of online communities for auditors, we're excited to announce a refreshed AuditNet website is now live. The website has an updated look and feel, while maintaining all the industry-leading content and resources audit professionals are looking for.

As you begin to navigate through the website, we invite you to visit a few pages-

If you are a Workiva customer seeking access to AuditNet's Premium Templates, please reach out to us here for more information.

As we step into 2024, thought leaders have curated a wealth of insights, delving into current and emerging risks on a global scale and what internal auditors should keep a pulse on.

Global risks including cybersecurity, human capital, business continuity, and regulatory complexity take center stage, while regional variations illuminate unique challenges faced by different parts of the world. For example, cybersecurity and human capital dominate North America's priorities, geopolitical uncertainty and climate change are top of mind in Europe, and Latin America is focused on regulatory change and digital disruption.

Anticipating an escalation in risk levels over the next three years, especially in digital disruption and climate change, thought leaders echo a global consensus on evolving risk priorities. As audit teams look ahead, understanding and assessing key risks facing their organizations and helping leadership navigate the challenges that come along with these risks will be critical. Dive deeper into risk trends for the year ahead in this report.

Audit Template

The following audit templates are now available to subscribers. Come to the site to download a list of all the templates. NOW hundreds of free audit templates - the largest inventory of audit program templates on the Internet!

This Month's Featured Templates

ITRMF Managing IT Communication and Coordination Cope IT Plan
ITRMF Managing IT Investment Portfolio Manage Fund Scheme and Efficiency
ITRMF Managing IT Personnel Analyse and Assess Performance
ITRMF Managing IT Personnel Identification of Critical Resources and Recruitment
ITRMF Managing IT Personnel Planning and Asessment
ITRMF Managing IT Related Agreements
ITRMF Managing IT Related Agreements Terms and Services
ITRMF Managing IT Supplies Evaluate the Supplier
ITRMF Managing IT Supplies Relationship and Agreement
ITRMF Managing IT Supplies Review and Identify

To view the most recent additions to the templates click on 'Audit Templates' in the navigation panel and then click on 'Added'. You may also search using the 'Search Audit Programs' box.

AuditNet® has always made available a downloadable (Excel csv) list of templates which included the name, subscription level and date added. We have updated the functionality so that the list now includes a description of the templates, number of times that templates were downloaded and a URL direct link to the template. You must be logged in to your subscription or access from a site licensee secure login link in order to download the template from the URL. We added this functionality as a benefit to subscribers and site license users to facilitate downloading. Non subscribers will be blocked from downloading content and be redirected to subscribe. To download the CSV file click on the Audit Templates link on the navigation column, then click on Download a listing of Audit Programs

Training and Webinars

ESG Regulation: What and How to Prepare in 2024 | January 18, 2023, Virtually
Explore the variety of ESG-related regulations coming into effect or on the horizon in 2024 (e.g., California Climate Disclosure Laws, CSRD, SEC) and learn from the advisory professionals supporting organizations in their preparation for compliance. Join us to learn how governance, strategy, risk management, and robust metrics help organizations comply with regulatory mandates, improve operational efficiency, identify new business opportunities, and take advantage of competitive differences. Register now.

2024 IIA GAM Conference | March 11-13, 2024, Las Vegas, NV or Virtually
Ignite your journey into the future of internal audit by joining the premier gathering of innovators, leaders, and trailblazers at the 2024 GAM: Great Audit Minds conference.

The Top 2024 Audit Plan Hot Spots | Virtually
Embark on a journey of foresight and strategic preparedness by joining Gartner’s free webinar. Delve into the insights derived from client discussions, audit planning documents, expert analyses, and comprehensive data sources that shape the landscape of emerging risks. This webinar is your key to unlocking the crucial trends that will dominate the focus of audit departments in the next six to 12 months.

Don't miss this opportunity to align your audit strategy with the most prominent risk trends facing boards, audit committees, and executives in 2024. Check out the on-demand webinar here.

This Month's Featured Articles

How To Improve Your Cybersecurity Risk Management
Explore the evolving landscape of cybersecurity, where recent widespread attacks leveraging everyday devices underscore the dynamic nature of hacking.

This blog delves into current trends and developments in cybersecurity, offering practical steps for companies to establish and enhance their cybersecurity initiatives. It also explores the critical aspect of effectively communicating the significance of a cybersecurity framework across the enterprise. Dive in to learn more about staying ahead in cybersecurity.

5 Steps to Effective Strategic Risk Management
Discover the often-overlooked realm of strategic risk management in enterprise risk management (ERM). Traditionally, ERM has focused on financial and operational risks, but strategic risks, those posing threats to an organization's future and survival, demand attention. This insightful article breaks down the essentials of risk management, emphasizing its importance in today's dynamic landscape. Uncover the significance of strategic risk, explore key steps for effective risk management strategies, and delve into the metrics used to measure and manage strategic risk. Read more here.

What is Corporate Sustainability in Business?
Embark on an exploration of corporate sustainability, responsibility, and ESG in this insightful guide. This emphasizes interconnectedness of the three pillars of sustainability—environmental, social, and governance. It illustrates the collective responsibility across departments including sustainability, financial reporting, audit, and risk, and delves into successful practices and pitfalls in corporate sustainability reporting.

This concise yet thorough guide not only imparts knowledge but also conducts a deep analysis, offering valuable insights into the intricate dynamics of corporate sustainability. Get the full details here.

Predictions for 2024: How Your Team Can Prepare for the Future
This year’s Workiva Amplify conference focused on four tracks: ESG, accounting & finance, legal, and governance, risk, and compliance. Download this infographic to get insights from other audit and risk leaders so you and your team can be prepared for what’s to come in 2024. Download now.

About Workiva

Topic of the Month

The Role of Internal Auditing in Enterprise-Wide Risk Management

Discover the vital role of strong corporate governance in managing risk with this comprehensive white paper. In today's landscape, organizations face mounting pressure to not only identify and understand the full spectrum of business risks, including social, ethical, environmental, financial, and operational, but also to demonstrate effective risk management strategies. This white paper delves into the expanding use of enterprise-wide risk management frameworks, highlighting their advantages over fragmented risk management approaches. It sheds light on how internal auditing, in both its assurance and consulting capacities, plays a pivotal role in managing risk within organizations.

Survey Opportunity: Generative Artificial Intelligence Usage

Over the past year, several generative artificial intelligence (gen AI) models were released. With the use of gen AI rapidly gaining popularity both personally and professionally, AuditNet invites you to participate in this brief survey to gain insight into how auditors and audit departments are leveraging gen AI in their processes. Take the survey.

Audit Template

This Month's Featured Templates

COSO ERM 2017 Performance Implement Risk Response
COSO ERM 2017 Review and Revision Accounting
Credit Administration RCSA
Data Flow Interface Process Flow for CORE BANKING
Depreciation Process Flow
E-Learning Evaluation Checklist
Finance RCSA
Financial Institutions Audit Program
Financial Institutions RCSA
General Ser Admin RCSA

To view the most recent additions to the templates click on 'Audit Templates' in the navigation panel and then click on 'Added'. You may also search using the 'Search Audit Programs' box.

Training and Webinars

RIMS ERM Conference | November 2-3, Denver, CO
Join the RIMS ERM Conference, the premier event in the field of enterprise risk management, for an unparalleled opportunity to engage with industry experts, access practical presentations, and network with peers. This conference is your gateway to discovering innovative strategies that will elevate your risk management program. As the importance of risk management continues to rise, attending this event will provide you with invaluable insights and connections to propel both your organization and your career forward. Don't miss out on the chance to enhance your knowledge and professional network. Register now.

New Demands for Cybersecurity Disclosure and Controls | November 9, 2023, Virtually
The Securities and Exchange Commission recently enacted new rules for expanded disclosure of cybersecurity issues — disclosures that will challenge companies in numerous ways. This session will review what those rules require companies to do, and the implications for internal control and disclosure teams. Register here.

The Role of Enterprise Risk Management in Controlling Third-Party Risks | On-Demand Webinar
Join this complimentary webinar to gain insights into effectively managing third-party risks, a challenge faced by 66% of enterprise risk management (ERM) executives. The growing complexity of third-party relationships demands proactive risk management strategies. Discover proven best practices and real success stories showcasing how organizations have harnessed ERM to mitigate third-party risks. Register here to view the webinar on demand.

The Top Three Priorities for Enterprise Risk Management Leaders in 2024 | November 13, Virtually
This virtual webinar will help you to navigate the evolving landscape of risk management in a world filled with unprecedented and volatile market conditions. With 64% of boards planning to increase their risk appetite through 2024, it's crucial that organizations equip themselves with objective and consistent risk information to make informed decisions and strike the right balance between risk and opportunity. During this webinar, you'll discover three key priorities for heads of ERM to enhance risk-informed decision-making. Don't miss this opportunity to strengthen your risk management strategies and adapt to the dynamic environment. Register now.

Enterprise Risk Management: The Foundation for Better Organization-Wide Decision Making | Dates Available November 6-15, 2023, Virtually
Are you ready to enhance your decision-making skills and transform your approach to risk management? In a world where leaders face an overwhelming number of decisions daily, it's crucial to navigate this landscape effectively and avoid decision fatigue and burnout. This course offers a unique perspective on enterprise risk management. Through engaging group activities and real-world scenarios, you'll gain practical insights and leverage leading frameworks like the COSO ERM Framework and ISO 31000:2019. These tools will empower you to understand and manage risk across your organization, ultimately leading to more informed and successful decision-making. Don't miss this opportunity to elevate your risk management skills. Register here.

This Month's Featured Articles

Using Risk Prioritization To Increase the Value of Your ERM program
Maintaining an effective enterprise risk management (ERM) program requires more than just a risk assessment process. Many ERM programs face challenges due to competing interests and varying definitions of risk across departments. To overcome these issues, organizations must adopt a holistic understanding of risk. Furthermore, fostering a risk culture across the organization is crucial for ERM success. To learn five key tips for achieving this, read this article and learn how to best enhance the value and effectiveness of your ERM program.

Risk Mitigation Strategies to Increase the Value of ERM
This article delves into the importance of actively mitigating risks within an ERM program, highlighting that risk mitigation should not only involve identifying and reporting risks, but also proactively addressing them through a well-defined plan. To gain more insights into how organizations can transform their ERM programs, read this article.

Applying ERM to ESG
In a rapidly evolving risk landscape, businesses are facing increasing pressure from stakeholders and regulators to enhance accountability, transparency, and sustainability across their operations. This blog explores the significance of environmental, social, and governance (ESG) programs in organizations and the practical steps for implementing them. While the importance of adopting ESG principles is widely acknowledged, the implementation process remains unclear for many risk professionals. This blog demonstrates how enterprise risk management (ERM) can provide a systematic and holistic approach to managing ESG risks as part of the broader risk portfolio.

About Workiva