A big push toward leveraging generative AI for tasks like risk analytics, anomaly detection, automating audit programs, report drafting.
Also, auditing the AI systems themselves (bias, data integrity, transparency) is becoming part of the audit scope.
2. Continuous / Real-Time Auditing & Monitoring
Rather than audits only at fixed intervals (annual, semi-annual), more organisations are moving to real-time or near real-time monitoring of key risks and controls.
Use of dashboards, dynamic risk models, automated alerts so that audit plans can adapt during the year.
3. ESG / Sustainability Audits
Auditing environmental, social, governance aspects is no longer โnice to haveโ โ regulatory, investor, stakeholder pressure means ESG reporting & controls are under scrutiny.
Dadz_dairy
All Bangladeshi deployments should be sent back and disallow all similar deployments, like Pakistan.
3 months ago | [YT] | 1
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Dadz_dairy
๐ New Initiatives & Trends in Internal Audit
1. Increased Use of AI & Generative Technologies
A big push toward leveraging generative AI for tasks like risk analytics, anomaly detection, automating audit programs, report drafting.
Also, auditing the AI systems themselves (bias, data integrity, transparency) is becoming part of the audit scope.
2. Continuous / Real-Time Auditing & Monitoring
Rather than audits only at fixed intervals (annual, semi-annual), more organisations are moving to real-time or near real-time monitoring of key risks and controls.
Use of dashboards, dynamic risk models, automated alerts so that audit plans can adapt during the year.
3. ESG / Sustainability Audits
Auditing environmental, social, governance aspects is no longer โnice to haveโ โ regulatory, investor, stakeholder pressure means ESG reporting & controls are under scrutiny.
Internal audit helping verify sustainability metrics, verifying carbon footprint, supply chain practices, etc.
4. Risk Analytics & Predictive Modelling
Using advanced analytics to identify patterns, fraud, anomalies before they become material issues.
Predictive analytics to forecast where controls may fail, so pre-emptive audit focus.
5. Automation & RPA (Robotic Process Automation)
Automating routine audit tasks (data extraction, compliance tests, control testing) via RPA to free up auditors for high-value tasks.
Also automating workflows: approvals, documentation, scheduling.
6. Agile Audit Methods
Adopting Agile principles: audits done in sprints / cycles, frequent feedback, adaptability to changes in risk environment.
This helps respond faster to emerging risks (cyber threats, regulatory changes).
7. Stronger Governance, Oversight & Advisory Role
Internal Audit (IA) is moving beyond pure assurance; more advisory functions to help guide strategy, risk management, ethics, fraud, etc.
Closer alignment with enterprise risk management (ERM). IA leaders taking responsibility for areas like fraud programs, whistleblower programs, etc.
8. Higher Need for Soft Skills & Cross-Functional Competence
As IA becomes more strategic, auditors need skills in communication, influencing, collaboration, stakeholder management.
Also greater overlap / interconnection with IT risk, cybersecurity, ESG, Third-Party Risk Management etc.
9. Enhanced Audit Technology Platforms
Use of cloud-based audit management systems, audit dashboards, risk heat maps, interactive reporting tools.
Blockchain or tamper-proof systems for audit trails.
10. Regulatory & Cyber Audits / Third-Party Risk
Given the rise in cyber threats, audits of cybersecurity, vendor/third-party / supply chain risk are becoming central.
5 months ago (edited) | [YT] | 0
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Dadz_dairy
If Tejashwi Yadav wins, he has announced that every household in Bihar will get 1 government job within 20 months!
๐ Letโs see what that means:
Biharโs population: around 13.5 crore (135 million)
Average household size: about 5 people per family
๐ Thatโs roughly 2.7 crore households (27 million homes)
So, if this promise is fulfilled โ
โก๏ธ Around 2.7 crore government jobs would be created in just 20 months!
A huge and historic promise for employment in Bihar ๐ผ๐ฅ
5 months ago | [YT] | 0
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Dadz_dairy
India test squad Announcement for England tour
10 months ago | [YT] | 0
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Dadz_dairy
Third umpire decision #Rishabh Pant
1 year ago | [YT] | 4
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Dadz_dairy
200 subscriber's complete ๐๐ thnku everyone โค๏ธโค๏ธ
1 year ago | [YT] | 0
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Dadz_dairy
๐๐
1 year ago | [YT] | 0
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Dadz_dairy
๐๐๐๐ฎ๐ณ๐ฎ๐ณ๐ฎ๐ณ๐๐๐
1 year ago | [YT] | 0
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Dadz_dairy
๐๐๐๐๐๐
1 year ago (edited) | [YT] | 0
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Dadz_dairy
50 subscribers completed ๐ฏ ๐๐๐๐
1 year ago | [YT] | 1
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