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Home » Board briefing: Are you auditing the wrong risks? Strategic briefing for audit committee leaders
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Board briefing: Are you auditing the wrong risks? Strategic briefing for audit committee leaders

adminBy adminNovember 7, 2025No Comments3 Mins Read0 Views
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The risk landscape is changing faster than most organizations can adapt, and audit committees are being asked to not only oversee controls, but also anticipate disruption, challenge assumptions, and guide strategic resilience. The Corporate Board Member Network invites you to participate in interactive briefings with Institutes of Internal Auditors, audit committee chairs, and chief audit executives to uncover the latest global data on emerging risks and translate it into board-level actions that strengthen oversight, close assurance gaps, and align audit priorities with corporate value creation.

This is not a presentation of research results. A strategic conversation about what happens next, where boards will be most impacted, and how internal audit can be leveraged as a forward-looking partner.

You can leave the discussion with a better understanding of:

  • Where the gap is widening: From AI risk to geopolitical volatility, what the latest global risk data reveals about the disconnect between board priorities and real-world emerging threats.
  • Audit’s new role in strategy: How leading boards are using internal audit to monitor not only compliance but also innovation, transformation efforts, and non-financial risks.
  • Close the warranty gap: A practical model for aligning internal audit scope with the board's true risk appetite, especially in “hard-to-audit” areas.
  • Avoid misalignment: Indicates that audit committee chairs and CAEs should be aware when management's risk reporting is incomplete, reactive, or overly optimistic.
  • What’s next in 2026: How to prepare your audit plan before the next wave of risk impacts your industry and balance sheet.

Featured speakers:

Brad Honcus, Chairman of the PenFed Oversight Committee

Brad is the Deputy Director for Quality Control and Compliance at the Department of Justice. Brad is a certified public accountant with over 30 years of progressive budgeting, auditing and financial management experience and is a subject matter expert in internal control and financial policy.

Terry Grafenstein, Chief Audit Officer, PennFederal
With over 25 years of experience, Terry is a recognized leader in the auditing profession and speaks internationally on auditing, accounting, cyber security, leadership, and risk. In 2021, Security Magazine recognized Terry as one of the top 10 security professionals. In 2019, the Institute of Internal Auditors (IIA) recognized Terry as one of the “Top 10 Audit Thought Leaders of the Decade” and inducted him into the Institute's Hall of Distinguished Practitioners. Terry has contributed to the advancement of the auditing and accounting profession through his leadership roles as a member of the IIA North American and Global Boards, the AICPA Board of Directors, and as Global Chair of ISACA.

Carey Blakeman, CPA, CIA, Director of Corporate Governance Engagement
Institute of Internal Auditors

Carey is leading efforts to connect boards, executives, and internal audit leaders around new governance priorities. She recently helped launch the IIA's new Global Audit Committee Center, which aims to enhance dialogue and resources for directors and audit committee members. Her background spans corporate governance, strategy, and stakeholder engagement.

host:

Jamie Tassa, Publisher, Corporate Director and Vice President of Events, Chief Executive Officer Group

Jamie has over 20 years of experience developing programs for public company directors and senior executives, shaping peer exchanges, forums, and content initiatives that address the evolving responsibilities of modern boards.



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