About this episode

Richard Chambers discusses the evolution of internal audit and the impact of AI on risk management.

Are you auditing at the speed of risk? Richard Chambers—50-year internal audit veteran and AuditBoard advisor—joins Blake to map the path forward. Hear why AI now ranks as risk #1, how to build continuous risk monitoring, and what “independence, not isolation” means for the three-lines model. Learn where CAEs should start with AI (risk assessment, analysis, reporting), how to audit culture and AI governance, and how to earn audit committee trust with no surprises. Chapters (01:37) - Richard Chambers' Career Journey (03:15) - Evolution of Internal Audit (05:34) - Emerging Risks in Internal Audit (08:13) - AI and Cybersecurity Challenges (10:51) - Continuous Risk Monitoring (25:30) - Connected Risk and AI Integration (27:42) - Introduction to the Three Lines of Defense (30:01) - Evolution to the Three Lines Model (31:18) - Connected Risk and Collaboration (32:08) - AI's Impact on Risk Management (35:20) - AI in Internal Audit: Opportunities and Challenges (40:32) - The Human Element in Internal Audit (44:40) - The Future of Internal Audit and AI (54:00) - Conclusion and Final Thoughts Sign up to get free CPE for listening to this podcast https://earmarkcpe.com https://earmark.app/…

People in this episode

Host: Blake Oliver

Guest: Richard Chambers

Topics covered

• internal audit
• risk management
• AI in auditing
• continuous risk monitoring
• three lines of defense
• audit committee trust

Keywords

• internal audit
• AI
• risk assessment
• continuous monitoring
• audit committee
• cybersecurity
• three lines model

Mentioned in this episode

Organizations: AuditBoard, Earmark CPE, Earmark, Apple, Android, LinkedIn, Twitter

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