What Your Audit Committee Needs to Hear from Internal Audit Right Now

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A Practitioner Briefing for Board and Committee Members

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Internal audit is being asked to cover more risk with fewer people and less money than at any point since the 2008 financial crisis. At the same time, AI governance, mandatory cybersecurity audit requirements, and a complete overhaul of the IIA’s professional standards have landed simultaneously.

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Most audit functions are not keeping pace. Some are falling behind quietly enough that their committees do not yet know it.

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This briefing draws on our work with mid-market and large enterprise audit functions, along with data from the IIA’s 2026 Pulse Survey, AI-Enabled Fraud Report, and Focus on the Future report.