Sure, we've got economic uncertainty and the AI revolution to contend with. But let's not lose sight of the fundamentals—good governance is always in style, especially as we approach year-end. As someone who spends their days (and sometimes nights) in the governance...

It's easy to get lost in a tsunami of AI hype. Between vendors promising the moon and consultants positioning themselves as AI prophets, the noise level is deafening. It can feel like everyone is an expert except you. Here's the thing: Most of us in the corporate...

If you’re drowning in AI confusion, you’re not alone. Yes, AI is transforming—and sometimes eliminating—routine tasks like data entry and basic processing. (Those jobs are toast.) But here's what the hype machine misses: The revolution for professionals and knowledge...

In the world of corporate governance, few topics are as universally relevant yet misunderstood as meeting minutes. I recently had the privilege of sitting down with Sylvia Groves for a fascinating discussion about this critical aspect of board operations. Sylvia is widely regarded as Canada’s foremost authority on minute best practices, having advised boards across industries and organization sizes throughout her distinguished career. Her book, AAA+ Minutes, has become an essential resource in a field where quality guidance has been noticeably lacking. For governance professionals, CPAs, auditors, and internal control specialists, Sylvia’s practical wisdom fills a significant gap in the professional literature.

The bird’s eye diagram is a diagramming technique we use with our clients to see the big picture without getting lost in a vortex (or rabbit hole) of details. You can use this technique on projects like internal controls, audits, SOX, CSOX, ICFR programs or process design or system implementations too. A bird’s eye diagram gives your process owners, auditors, and leaders a clear, aerial view of your processes. It’s a supercharged version of the more familiar swim lane diagram which is about visually representing a process, workflow, or system using parallel lanes. We’ve been using, testing, and improving our bird’s eye method with clients for over a decade.

Given the number of questions Risk Oversight receives about AI and steps companies should be taking, we wanted to share our thoughts on how generative AI is impacting our work and what we need to be doing right now as professionals, leaders, and organizations. But over the past 6 months–prodded by conversations, conferences, and colleagues–we’ve taken a more proactive approach. We began testing specific business cases and applications of AI in our own business, in our client work, and with some initial advising. Our preliminary conclusion: We’re convinced that generative AI represents a substantial shift in how we operate and the internal control, internal audit, and GRC (or governance, risk, and compliance) landscapes.

As we look at adopting AI tools over the next year, one topic that is especially topical for professionals and knowledge workers alike — especially internal control, internal audit, risk management, and governance professionals – is the topic of using AI for note-taking. Like so many other AI applications, AI note-taking apps open a world of possibilities but bear risks at the same time too. As we jump into making AI note-taking tools a bigger part of our day-to-day work, it’s important that we as professionals and leaders understand and assess the advantages and disadvantages of the tools versus our traditional approaches to use the tools effectively and get the best of both worlds.

Risk Oversight sits down with David J. O’Regan to discuss his latest book, The Closing of the Auditor’s Mind?, and the challenges facing the Internal Audit profession today Dr. David J. O’Regan is the Auditor General of the World Health Organization (Americas Region)...

3 Questions to Consider Before Implementing the New Standards In January 2024, the Global Internal Audit Standards (the IIA’s Standards) were updated after a long consultation process. While the updated standards are not expected to have a dramatic impact on IA...