October 4, 2018 - Internal Audit 360

Why Auditors Have So Much Trouble Finding Fraud

On October 4, 2018October 4, 2018 By IA360 Staff

Most mid-size to large organizations rely on internal and external audits as a key preventative measure against fraud. The problem is, many CFOs assume that a routine financial audit will reveal financial anomalies that could be fraud. Unfortunately, quite the opposite is true. Audits almost never succeed at finding fraud: Read More

South African Power Co. Suspends Audit Chief over Suspect Transactions

On October 4, 2018October 4, 2018 By IA360 Staff

South African power company Eskom suspended its head of internal audit, Molefi Nkhabu, as it investigates a series of suspicious transactions that he signed off on. According to a statement from the company, the questionable transactions “contain inferences or conclusions which had the effect of exonerating certain previous Eskom executives Read More

Day: October 4, 2018

Why Auditors Have So Much Trouble Finding Fraud

South African Power Co. Suspends Audit Chief over Suspect Transactions

PACS Delays Earnings Amid Internal Audit Investigation

TD Bank to Pay $3B in Plea to Settle Money-Laundering Case

Chartered IIA Releases New Internal Audit Code of Practice

The IIA Names Terry Grafenstine as New Chair of Its Global Board

Silvergate Settles SEC Charges for Compliance Failures

Supreme Court Curbs SEC’s Use of In-House Tribunals