ComplianceInternal Audit Executives
August 14, 2024

The Rising Role of Advisory Work in Internal Audit

More IA teams are providing benefits to the business and themselves through advisory work. Internal auditors are increasing their roles as advisors as businesses transform and adapt to new technologies like generative AI and navigate emerging risks such as climate change and reporting on ESG initiatives. That’s forcing some internal audit (IA) teams to grapple with how they define and report advisory work, communicate about it effectively with the audit committee (AC) of the board of directors, and combine advisory with…
ESGInternal Audit ExecutivesRisk Management
June 2, 2022

Internal Auditors Shine a Brighter Light on Climate Data Sources

Pending regulations prompt IA to validate companies’ climate-related claims and incorporate first and second lines of defense. Several members of NeuGroup for Internal Audit Executives have recently or will soon conduct the first audits of their companies’ climate impact reports, and in a recent meeting they generally concluded that ESG group leaders may not understand much of the data behind their reports. The vice president of internal audit at a corporate with supply chains stretching worldwide discussed his company’s annual climate impact…