TeamMate Audit and Assurance Industry Reports

With the global cost of cybercrime projected to reach $1.2 trillion by the end of 2025, internal audit must evolve from assurance providers to strategic partners in cybersecurity risk management.

Focusing on change initiatives that pose the most significant risk, internal audit can enhance the effectiveness of their change management program.

Artificial Intelligence represents a fundamental shift in how machines can assist, augment, and potentially transform workflows and decision-making across professions, including internal audit.

Multi-year audit planning aligns the internal audit function with organizational goals, positioning it as a strategic partner in managing risk and supporting the organization’s long-term strategy.

Internal audit functions that get their strategy right deliver higher value for their organizations and receive larger returns from their investment with change initiatives sustained into the future.

Ensuring that your organization has a fraud risk management framework in place - prevention, detection, management - enables internal auditors to proactively anticipate and mitigate risks effectively.

Effective quality management in internal audit is not about ticking boxes but creating a culture where quality is in every aspect of your audit work.

This report focuses on a four-part framework of successful internal audit people management that is needed to ensure delivery of audit objectives.

Download this report to better understand how integrated assurance guides internal audit to help improve risk management across the organization.

Understanding the key components of successful stakeholder management strategy, internal audit can contribute to an organization’s success while fostering deep, trusting, and productive relationships.

Responsibly embracing technology allows audit departments to better ensure that their processes are efficient, effective, and aligned with the highest standards of assurance and ethical responsibility.

Third-party risk management enables organizations to control cost, drive service excellence, and mitigate risks to gain increased vendor value.

The 2024 Standards consist of 5 Domains, 15 Principles, and 52 Standards, covering internal audit’s purpose, ethics and professionalism, governance, management, and performance. Download the report now.

Internal audit plays a pivotal role providing assurance on ESG data management and reporting. These activities add value to both the business and stakeholders by providing insight at the right time.

As part of the internal audit function, employees must be encouraged to do the right thing and speak up when they see something that doesn’t seem right.

Explore how generative AI is transforming internal audit functions, enhancing efficiency, and improving data analysis. Learn about AI adoption, governance challenges, and practical use cases for auditors in this insightful report.

AI technology can drive audit productivity and efficiencies. Although best practices are still emerging, there are advantages and disadvantages to using GenAI across each stage of the audit lifecycle.

Internal audit is uniquely positioned to take the lead with a robust, long-term risk management program that effectively governs social media and its reputational impact on organizations.

The value of AI is clear, but organizations face newly emerging risks. Internal auditors can become a valuable partner in ensuring AI governance meets all security, compliance, and quality standards.

Technology has become the unquestioned driver for change and business innovation. This three-part series, created in partnership with the IIA, focuses on internal audit's role in tech assurance, adoption, and internal audit's tech talent challenge.

Learn how to proactively identify and understand the various types of digital assets and how to safeguard against potential threats.

Clear, relevant, and frequent communication between internal audit, the Audit Committee, and the Board is critical to driving organizational transformation, and
delivering actionable information

Internal audit can and should be technology’s biggest advocate in the organization. It is the change-bearer, the partner, the bringer of good news.

While adopting new technologies can bring risk, it’s also important to remember the dangers of failing to stay up to date on new tools.

Help ensure that the organization’s overall approach to technology risk and the audit plan adequately address potential technology risks.

There is no single way to determine the optimum level of integrated assurance. The four stages outlined in this report provide a framework to use in exploring the right approach for your organization.

From supply and demand to rising inflation and interest rates, impactful events create disruptions in the economy. Understanding how this impacts an organization’s risk profile is important.

Collaborating with second-line assurance functions, internal audit can help organizations achieve a more complete picture of ESG risks and controls for effective decision-making and reporting.

Download this report to bring precision and clarity to what you need to know to strike a balance between ‘models’ and ‘mindsets’ and achieve more effective audit-based risk assessment and management.

Is it your goal to become part of a high performing internal audit team? Download this report to learn about the four characteristics that, when combined, deliver leading internal audit performance.

Strong internal controls are the foundation for fraud prevention. Internal auditors are uniquely positioned to identify the action lessons from past case failures as part of their value-added efforts.

The cyber-threat landscape is evolving. Data analytics can be a proactive approach to cybersecurity using data collection, aggregation, and analysis to protect the well-being of your organization

Internal auditors should maintain a critical mindset in assessing the risks and ethical implications of AI’s growing footprint, rather than the novelty of the latest technology.

Business best practices, regulations, and standards all require organizations to build and document sound internal controls. Download this report to learn from internal control examples.

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?