Bridging the risk exposure gap with strategies for internal auditors

2023-11-30 04:30

In this Help Net Security interview, Richard Chambers, Senior Internal Audit Advisor at AuditBoard, discusses the transformational role of the internal audit function and risk management in helping organizations bridge the gap in risk exposure.

Internal audit has important opportunities in two primary directions: Using AI within internal audit, and providing guidance and assurance to the organizations we serve.

Within internal audit, AI tools are a capacity multiplier offering access to an enormous body of knowledge - a great supplement to internal auditors' skills and expertise.

Neither internal auditors nor organizations can afford to put off investing in using, governing, and gaining assurance on AI. Internal audit must step up to explore and validate AI's capabilities and safeguards, educating ourselves, our executives, and our boards in the process.

Recent surveys have found that less than half of internal audit leaders are very confident that internal audit has the talent and skills the function will need in the next several years.

Identify skills gaps and how internal audit capabilities and strategy can be better aligned with the organization's overall strategy, vision, and evolving risk profile.

News URL

https://www.helpnetsecurity.com/2023/11/30/richard-chambers-auditboard-internal-audit-function/