TeamMate Audit Industry Reports

TeamMate Audit Benchmark is an ongoing assessment of the trends in methodology and work practices of global internal audit teams within the financial services industry.

Take an agile approach to your agile audit process. You must learn to crawl before you walk and walk before you run. Think evolution, not revolution.

Find out what 3 steps are necessary to audit ambitiously and move your internal audit function to the next level, and how to take them.

In this article, we take a close look at the practicalities of using an agile team-level framework to work in sprints to deliver audits more effectively and efficiently.

With a recent focus on issues such as diversity and climate change, it has become increasingly urgent for organizations to understand and manage Environmental, Social, and Governance (ESG) risks.

“Value” is often used somewhat loosely in internal audit without adequately understanding how auditors actually add value. Do you add value just by showing up to conduct an internal audit?

Financial services is a complex and ever-evolving industry. In this report, we outline some emerging risks that can spring up and catch organizations off guard.

Data analytics is changing the way many organizations detect fraud. As fraud schemes become more sophisticated and the amount of data organizations produce continues to grow, it’s becoming increasingly difficult to uncover fraud.

Interviews require face-to-face meetings, testing often involves reviewing confidential information, and documentation could require us to be on our organization’s network. With these challenges, how can we effectively conduct our audits remotely?

Being agile-minded requires you to rethink how internal audit teams perform their work and add value to stakeholders.

According to the Touchstone Insights for Internal Audit research, 47 percent of the respondents indicate they are planning a significant methodology change by the end of 2021.

Exploring this softer relational side of risk management is the first step toward becoming a more resilient enterprise as a whole.

I’d like to introduce the concept of enabling constraints as a way of changing the system. Better than that, change and behaviours that will stick and have longevity – and avoid “rubber band syndrome.”

Working from home has become a gateway to cyber threats as employees can sometimes be a weak link in corporate IT security systems. There are several things remote workers can do to reduce their own contribution to an organization’s IT risk.

Artificial intelligence, Robotics Process Automation (RPA), and machine learning—all new technologies that are evolving quickly. But how much do you really know about them? Internal Auditors will soon be tasked with using this technology.

How can we move forward with improving digital skills, given how important they’re becoming? Complete a digital skills assessment, identifying gaps between the digital skills we have and our objective, and creating a plan to address those gaps.

The world we live in is rapidly changing. As these changes occur, risks are also emerging at an incredible pace. With so much happening all around us, how can internal auditors manage risk and environmental changes to deliver timely insights that matter most to the business?

Internal auditors with a background in IT or data analytics are in high demand these days. But finding internal auditors with this type of skill set is hard, and retaining them is even more challenging.

To help internal auditors remain vigilant regarding cyber risk both during and after the COVID-19 pandemic, this paper examines many of the situations that require heightened awareness.

Higher Education has entered a unique time. The pace of change is faster than ever and a unique challenge for internal auditors. To meet the challenges, auditors must be agile and always poised to address changes.

Although auditors often associate data analytics with fraud testing, financial audits, or continuous monitoring, the fact is that data analytics can be used for much more than common numerical analytical procedure testing.

It stands to reason that increasing the skills of your employees leads to better results for them, their team, and your organization. Increase the skillset of an auditor, and you increase the skillset of the audit team. So how does employee satisfaction tie into this?

Wolters Kluwer TeamMate takes every opportunity available to assist the public-sector in meeting and maintaining compliance with auditing standards.

Organizations need an agile internal audit capability that brings together a coordinated strategy and process that is supported by a strong information and technology architecture.

In this report, we discuss the importance of audits containing quantifiable data to increase assurance and reduce risk.

Combined assurance is viewed as an optimal means to achieve assurance objectives. Yet as TeamMate research suggests, there are other levels of coordination that merit serious consideration from most internal audit functions around the world.

We currently have 5 distinct generations in the workplace, including in internal audit and compliance departments. The focus of this paper is to highlight the younger generations’ perspective on...

In this report we will describe how CAEs can tackle various challenges and develop strategic plans designed to optimize internal audit performance.

As the world's leading audit and assurance expert's solution, TeamMate+ helps you conform to the IIA standards just by using it.

Through effective coordination with other internal assurance providers, the CAE can accomplish both aspects of their responsibility.

In addition to implementing the right audit analytics solution, there are several steps you can take to advance the use of data analytics within your internal audit team.

Mindset is the foundation of success and is created through the combination of education, training, and experience. We should therefore consider mindset in an internal audit team’s performance.

An advisor is someone you call occasionally for an opinion, but a partner is the one you consider in every decision. Within internal audit, we have an opportunity to assume the role of relevant partner through the process of combined assurance.

As the results of our 2016 global technology study indicate, audit leaders from around the globe are seeking to fine-tune their risk assessment and audit planning activities to better address the dynamic nature of their rapidly changing risk environments.

Is auditing culture just another risk factor in a governance audit, or could it be seen as the basis for the entire audit plan?

Understanding and managing the next generation of auditors.

Examination of the key role Technolgy Champions play within audit departments and their impact on organizational success.

A 10 step approach to how internal audit functions can provide more value to their audit committee stakeholders.

Recommendations on how to enhance audit committee reporting methods, communications, and content based on survey responses from hundreds of audit executives and other audit management.

A look at the primary technology-related issues facing smaller audit functions today.

Produced in partnership with the IIA, this special report provides an in-depth analysis of key success factors across ten core technology processes.

Offers a candid view of technology and audit as seen through the eyes of leading industry experts.