Auditing at the Speed of Risk with Richard Chambers

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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
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Connect with Our Guest, Richard Chambers

LinkedIn: https://www.linkedin.com/in/richard-chambers-a5108914/
Twitter: https://x.com/rfchambers
Website: https://auditboard.com/

Connect with Blake Oliver, CPA

LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/

Creators and Guests

Richard Chambers
Guest
Richard Chambers
Richard Chambers is the CEO of Richard F. Chambers & Associates, a global advisory firm for internal audit professionals, and also serves as Senior Advisor, Risk and Audit at AuditBoard. Previously, he served for over a decade as the President and CEO of The Institute of Internal Auditors, where he led the organization to record global membership and countless milestones. Prior to the IIA, Chambers was the national practice leader in Internal Audit Advisory Services at the PwC and vice president of The IIA's Learning Center.
Auditing at the Speed of Risk with Richard Chambers
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