IIA Releases Updated AI Auditing Framework: Key Actions for Audit Committees and Executives
The Institute of Internal Auditors (IIA) has released an updated Artificial Intelligence (AI) Auditing Framework to guide organisations in managing the opportunities and risks associated with AI adoption. As AI technologies become increasingly embedded in business operations, internal audit functions are expected to provide both assurance and advisory services on AI-related processes.
For more information, contact us to receive the October 2025 copy of the Centium Quarterly Internal Audit Risk Radar.
Effective Program and Project Management in the Public Sector remains a focus for internal audit programs across our portfolio
With increased Audit Office scrutiny and increased public interest in the delivery of programs and projects, there are some key areas of focus for internal audit functions. Drawing from recent reviews by the UK National Audit Office (NAO), Audit Office of NSW, the Institute of Internal Auditors (IIA), the Australian Government Gateway Review, and the ANAO Major Projects Report, several consistent themes and recommendations emerge for managing major projects.
For more information, contact us to receive the October 2025 copy of the Centium Quarterly Internal Audit Risk Radar.
Centium has observed an increased emphasis on the internal audit of procurement and contract management at all tiers of government in recent months
The primary areas of focus include the ethical use of resources, effective management of conflict of interest and probity, and ensuring that contracting processes consistently deliver value for money.
For more information, contact us to receive the October 2025 copy of the Centium Quarterly Internal Audit Risk Radar.
AONSW finds gaps in Revenue NSW’s Hardship Assistance Oversight – indicating the importance of ensuring government service delivery is effective, transparent and citizen-centric
A recent review conducted by the Audit Office of NSW, highlighted the need for effective monitoring of programs aimed at delivering citizen services. The findings highlight the need for more citizen-centric thinking in program design and implementation (beyond that of the specific role of Revenue NSW).
The NSW Auditor-General’s October 2025 report has found that while Revenue NSW provides a range of hardship assistance options for people facing fines and debts—including fine write-offs, payment plans, and Work and Development Orders (WDOs)—there are significant gaps in monitoring, evaluation, and transparency.
For more information, contact us to receive the October 2025 copy of the Centium Quarterly Internal Audit Risk Radar.
