Bruno Flores

📣 In the first webinar of the '2024 Global Internal Audit Standards' series, the majority, at 37.1%, of attendees identified "Domain III - Governing the Internal Audit Function" to be the most challenging to embed within their internal audit function. ⭐ Check out this article written by Liz Sandwith, where she outlines all you need to know about Domain III, and provides answers to the most frequently asked questions 👉 https://bit.ly/3KKmD8u #InternalAudit #NewIIAStandards #IIAStandards #Governance

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It’s time to celebrate the #InternalAuditMonth. On this occassion, who is better that the IIA President and CEO Anthony Pugliese to summarize it all: “Every day, internal auditors work to reduce risk, ensure businesses operate efficiently, provide value to their organizations, and protect stakeholders. You can find us in every industry and sector, from the world’s largest brands to small, family-run businesses. The average person may not realize just how many ways we impact your life, but by the time you get to the office in the morning—or log on to your computer if you’re a remote worker—you’ve probably already interacted with several devices, products or systems that were made safer by the assurance provided by an internal auditor." Proud To be an #Internal #Auditor. #internalaudit #awareness #advisor #assurance #team #risk #control #governance #ESG #trust #confidentiality #iia UAE IAA The Institute of Internal Auditors Inc.

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Facing resistance from all sides? Discover how internal auditors can enhance political acumen and foster positive relationships in "From Critic to Collaborator," featured in the latest #IaMagIIA. #IaMagIIA https://loom.ly/at1yAl4

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Internal audit professionals around the globe rely on the International Standards for the Professional Practice of Internal Auditing (Standards) and the International Professional Practices Framework (IPPF) to help navigate the complex world of risk management, governance, and control. Watch this on-demand webinar presented by Liz Sandwith CFIIA, to see how the new Standards will support you and your internal audit function. We explore the key headlines of the Standards, the areas that may present the greatest challenge, and the areas you may be more familiar with thus providing a level of assurance that everything isn’t new and unfamiliar.

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Big changes are on the horizon for internal audit professionals with the introduction of the new International Professional Practices Framework (IPPF). 🌅 📋 Our latest article provides a comprehensive overview of the new IPPF guidelines and offers actionable advice on how to prepare your team. Although aligning with the new standards might seem overwhelming, our seasoned experts are here to lend a helping hand. Whether you need a gap assessment, customized internal audit, stakeholder training or time-saving monitoring tools, we have the expertise to support you every step of the way. Learn more: https://lnkd.in/g6E9gFW2 #InternalAudit #IPPF #theIIA #Armanino

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In recognition of Internal Audit Awareness Month, it's important to highlight the significant evolution of the #internalaudit function. These updated standards have catalyzed a shift in methodologies, enhancing the strategic role of internal audit in #governance, #riskmanagement, and control processes. This pivotal update reflects the ongoing commitment to adapt to the ever-changing business landscape, ensuring that internal audit functions are more aligned with modern organizational needs and capable of addressing contemporary challenges effectively. This shift has been fueled by the adoption of advanced technology and a broader operational scope, enabling internal audits to not only ensure compliance but also drive value creation. Today, as businesses navigate a dynamic environment, internal audit stands at the forefront of fostering innovation, managing risks effectively, and championing ethical leadership, underscoring its vital role in shaping sustainable business practices. For more information, head over to: https://lnkd.in/dF2g4Xjm

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🌟 SSAE No. 23: Aligning Attestation Standards with AICPA Quality Management 🌟 In June 2024, the Auditing Standards Board issued SSAE No. 23 to amend attestation standards to be consistent with the AICPA's standards on quality management. This important update modifies several existing standards: SSAE No. 18: Clarification and Recodification, AT-C section 105 SSAE No. 19: Agreed-Upon Procedures Engagements, AT-C section 215 SSAE No. 21: Direct Examination Engagements, AT-C section 205 SSAE No. 22: Review Engagements, AT-C section 210 🛠️ Key Changes Introduced 🛠️ New Terminology: The term “other practitioner” is replaced by “participating practitioner” and “referred-to practitioner,” clarifying their roles and responsibilities. Quality Management Standards: These alignments ensure that the attestation engagements adhere to the updated AICPA quality management standards, enhancing the consistency and reliability of the engagements. 📅 Effective Date 📅 SSAE No. 23, along with the quality management standards, will be effective for engagements performed on or after December 15, 2025. 🔍 Detailed Amendments 🔍 1. SSAE No. 18, AT-C Section 105: Emphasizes the responsibility of firms to establish and maintain a system of quality management. Clarifies the relationship between attestation standards and quality management standards. 2. SSAE No. 19, AT-C Section 215: Updates documentation requirements, including the need for timely preparation of engagement documentation. Specifies that procedures should be performed by the engagement team, including participating practitioners. 3. SSAE No. 21, AT-C Section 205: Revises requirements for using the work of a practitioner’s specialist and internal auditors. Details the documentation needed to support the practitioner’s findings and conclusions. 4. SSAE No. 22, AT-C Section 210: Includes new requirements for engagement documentation and quality reviews. Emphasizes the importance of planning and performing engagements with adequate supervision and review. 📌 Conclusion 📌 SSAE No. 23 ensures that the attestation standards are up-to-date with the latest AICPA quality management guidelines. This alignment not only enhances the quality and consistency of attestation engagements but also provides clear guidance on the roles and responsibilities of practitioners. For more detailed information and specific amendments, refer to the full SSAE No. 23 document in the link in the comment below. #itgrc #itgrcadvisory #bwadvisory #akademiaitgrc #qualitymanagement #attestationstandards #AICPA #audit

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Join Liz Sandwith CFIIA – Special Adviser and Former Member of the IIA Standards Board, to gain a better understanding on Domain II and V in the third webinar of the 2024 Standards series. Learning Objectives: ✅ Understand the relevance of the application of ethics and professionalism (Domain II) in an internal audit practitioner’s ways of working i.e., both assurance and advisory engagements (Domain II). ✅ Learn about the importance of the additional two key words — ‘courage’ and ‘skepticism’ — and why they are important to internal audit practitioners (Domain II). ✅ Discuss how the new Standards enable practitioners to plan and deliver engagements effectively (Domain V). ✅ Identify how the communication of the engagement results in the appropriate parties and monitoring management’s progress toward the implementation of recommendations or action plans (Domain V). Register today 👉 https://bit.ly/4dR3Rtr *We recognize this webinar is scheduled on a US federal holiday. For those on holiday, please continue to register. Registration will provide you access to the dashboard to view the recording, download presentation resources, and review the Q&A from the session.

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🚀 Revolutionize Your Audit Practices with TA-da™❗ Are you ready to take your audit practices to the next level❓ Join our exclusive, cutting-edge workshop designed for Chief Audit Executives (CAEs) and other audit leaders ❓ Uncover the transformative power of Data and AI and gain a strategic edge for your organization like never before. Why This Workshop Stands Out: ➡Holistic Learning: Integrating the respected 4MAT system, we offer a balanced and comprehensive learning experience that goes beyond typical workshops. ➡Strategic Insights: Dive deep into the strategic implications of Data and AI with real-world applications and future trends. ➡Hands-On Activities: Participate in practical exercises and group activities tailored to uncover and leverage AI opportunities in audit functions. ➡ Future-focused: Discuss ethical considerations, risks, and the long-term implications of adopting Data and AI in your audit processes. 📈 Why You Should Attend: ✔Unlock Strategic Potential: See how Data and AI can redefine and enhance your audit processes. ✔Gain Fundamental Knowledge: Build a strong foundation in Data and AI concepts. ✔Engage in Practical Experience: Join strategic planning exercises using AI tools designed specifically for audit professionals. 🕒 Duration and Delivery: 3 hours and 10 minutes Available Online or In-Person This isn't just another workshop—it's a gateway to transforming your audit approach through the power of Data and AI. Stand out in your field and embrace the future with TA-da™❗ Ready to turn data into vision❓ Join us and let's transform together❗ Contact us now for more information @Amira Khaddaj Antoniya Toneva #AI #DataTransformation #AuditLeadership #Innovation #TAdaWorkshop

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The official publication of the IIA Puerto Rico Chapter, April 2024 | Issue 7, Magazine News: 2024 IT Conference: Digital Evidence Techniques & AI in Internal Audit event. #fraud #ethics #auditor #privacy #business #government #AI #businessethics #riskmanagement #risk #collaboration

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The Audit Universe Module supports your auditor’s plan for what next requires auditing. It provides a central list of all your audit entities and assets, scoring, and previous audit results, streamlining the process for your auditors. The Audit Universe Module removes silos regarding audit information, allowing auditors to access and find the data they require without having to search each department’s silo. Each logged asset includes the division it came from, the sources the data come from, an estimate of how long an audit takes, the scope, and the asset owner – making it simple for auditors to prepare for auditing the asset, knowing where and whom they need to go to find additional information. Contact us today to see how our Audit Universe Module is perfect for you: https://lnkd.in/eCJGwCDx #grcsoftware #auditsoftware #grc #esg #risk #riskmanagement #governance #governanceriskandcompliance #audit #auditmanagement #compliance

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Audit chairs need to manage internal pressures and influence decisions, but what are their key priorities? And how do they get the most from their committee members? Find out more about the experiences of a current audit chair: https://okt.to/ATE2Ij #Audit #AuditChair #Commitee

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Don't miss this live webinar to gain a clear understanding of Domain III - Governing the Internal Audit Function, within the new 2024 IIA Standards. We will discuss how to clarify, raise awareness about, and emphasize the importance of the governance roles and responsibilities of the audit committee and senior management. Register today 👉 https://bit.ly/3PRe3Yp #InternalAudit #NewIIAStandards #IIAStandards #Governance

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The completeness of the risk assessment process has a direct impact on audit quality.  The latest AI tools already allow auditors to conduct risk assessments on 100 percent of the accounting entries before the audit begins.  However, auditors are limited by the time and cost required to review business process data.  In this article, learn how an intelligent financial data management platform overcomes these challenges by simplifying data collection and automating the initial source document review, enabling auditors to reduce audit risk and enhance audit quality. Learn how: https://bit.ly/4deuk3T #vigilantai #ai #audit

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⭕New Global Standards on the Horizon⭕ ⏰ Reminder for Internal Audit Teams⏰ As internal audit professionals, we're dedicated to upholding the highest standards. The Institute of Internal Auditors (IIA) has made significant revisions to the global internal audit standards, set to take effect in January 2025. 𝑲𝒆𝒚 𝑷𝒐𝒊𝒏𝒕𝒔 𝒕𝒐 𝑹𝒆𝒎𝒆𝒎𝒃𝒆𝒓: New Standards Released: January 2024 Effective Date: January 2025 Early Adoption Encouraged: Prepare and gain an advantage. 𝑹𝒆𝒔𝒐𝒖𝒓𝒄𝒆𝒔: Check out the IIA website for details and updates (https://lnkd.in/dXWkU2kw) The updated standards streamline guidance, focusing on core principles, and will better equip us to navigate the evolving risk landscape. Let's embrace this opportunity to elevate the value we provide to our organizations. Image Credit: forvis.com #internalaudit #IIA #standards #internalauditmonth #Khattab #Quick_audit_tips

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May is here! It’s the start of the Internal Audit month! Let’s celebrate our profession and the critical role internal auditors play in helping organizations achieve their objectives! #internalauditmonth #theiia

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Creating a Furture Together Internal Audit: Vision 2035 – Creating Our Future Together (theiia.org) The Internal Audit: Vision 2035 project, led by the Internal Audit Foundation, began in March 2023 to answer two fundamental questions:The Internal Audit: Vision 2035 project, led by the Internal Audit Foundation, began in March 2023 to answer two fundamental questions: What will the future of the Internal Audit profession look like? How will the role of the Internal Audit profession evolve, and what strategies are needed to enhance its value? Following a robust research methodology that included interviews and focus groups with more than 500 students, educators, practitioners, and stakeholders and a global survey with more than 6,500 responses, the results are in! Join Anthony Pugliese, IIA CEO and President, and Terry Grafenstine, Senior Vice Chair of the Global Board of Directors, in this webinar as they discuss the key findings, takeaways, and action items. With insights from today’s leaders, participants will gain a better understanding of our profession's trajectory and learn about tangible actions that can be taken today to realize the future in 2035. DATE: Jul 31, 2024 TIME: 12:00 PM-1:00 PM ET

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