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viewpoints
I continue risk. Other areas to watch Finally, not all orga- Leveraging continu-
to see third- are emerging risks, such nizations take a robust ous monitoring — often
as those related to climate approach to designing,
party fraud and sustainability, and the implementing, and mon- supported by machine
learning or artificial intel-
that involves pervasive risks associated itoring controls, particu- ligence — can yield near
manipulation with cyberfraud. larly for fraud risk beyond real-time results that
Another area some
financial reporting.
reveal potential fraud risks
of payments, organizations miss are Leveraging insights from and red flags that an orga-
whistleblower hotline
controls and processes
nization can then validate.
falsification related to third parties. calls, internal reporting Similarly, data analyt-
of records, Initial identification, due mechanisms, and ongoing ics is being used by more
diligence, onboarding, and monitoring can all help
and more internal audit
conflicts of ongoing monitoring aren’t tailor a fraud program and teams for the proactive
interest, and always subject to test- the related controls to identification of fraud-
corruption. ing as part of a fraud risk areas of highest risk. ulent activities. And the
use of governance, risk,
management program.
I continue to see third- How is tech olo and compliance platforms
party fraud that involves sed to ide tif can enable a more robust
manipulation of payments, fr
d? fraud risk assessment.
falsification of records, There are several ways Specific to data ana-
conflicts of interest, and technology can help iden- lytics, it is increasingly
corruption. I also com- tify fraud, most of which being used to drive a risk-
monly see controls not help organizations shift based approach to con-
operating as intended in away from the old “look- trols and transaction test-
accounts payable and in back” approach to moni- ing, not only for uncov-
the cycle of procure-to-pay. toring in real-time. ering ongoing fraudulent
activities, but also for the
validation of known fraud
risks; to identify if appro-
priate controls are in
place to prevent, detect,
and deter fraud; and to
determine if controls are
operating as intended.
IAm
Internal Auditor 81 June 2024
Di Mrie L
Our effectiveness as human-centered internal auditors is not
only defined by our technical expertise, but also by the unique
blend of hidden talents we bring to the table. For me, those
talents have led me in different directions while always bringing
me back to the profession I love.
I began my audit career at PwC. I later did a stint at Disney, where
I opened a candy store in honor of my beloved grandfather. This
hinted at a future for me where creativity and business intertwined.
In 2015, I decided to pursue a Master’s in Fine Arts degree to
satisfy my passion for clothing design. Nominated by the Council
of Fashion Designers of America, I debuted my first collection at
New York Fashion Week in 2017. It was an experience that showed
me the boundless possibilities of my abilities.
Today, I am married with two children, and I reentered the
world of internal auditing. After hours, I’m writing two books
for children: an herbal nutrition recipe book (as I am a certified
herbalist) and Addy the Internal Auditor.
st ts
CIA, CISA
Associate Director, Risk Advisory and Assurance / Revance Therapeutics
Richmond, Calif. / Member since 2023 / IIA-Northern California - East Bay
This article was originally published digitally by “IIA Global” in June 2024. It has been republished here for
our readers who can access the publication on https://internalauditor.theiia.org/en/articles/2024/june/
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67 INTERNAL AUDIT TODAY
