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Geopolitical developments, economic volatility, rapid digitalisation, cyber threats and emerging technologies like artificial intelligence are reshaping the global risk landscape for organisations, posing new challenges for traditional governance and control systems, an industry body said on Saturday. The Institute of Internal Auditors (IIA) India's Calcutta Chapter made the observation at its Annual Conference 2026, which brought together internal audit professionals, risk practitioners and industry leaders to deliberate on the expanding role of internal audit in strengthening corporate governance. The conference, held under the theme "Internal Audit: Control-Risk-Governance and Beyond," was formally inaugurated by Krishnan Venugopal, President, IIA India. Neeraj Bansal, Head, India Global, KPMG, attended as the Chief Guest and shared perspectives on evolving global risks, board expectations and the importance of resilient control frameworks. "India is no longer an isolated economy