Toy company Mattel announced this week that has completed an independent investigation, led by its audit committee, into the allegations by a whistleblower of accounting improprieties and a lack of independence by the company’s external auditor. The investigation determined that income tax expense was understated by $109 million in the Read More
GUEST BLOG Congratulations! You’ve landed your first job as an internal auditor, either as a young person starting your career in an exciting profession or as someone who is transitioning into internal audit from elsewhere in the organization. Either way, you are about to embark on an interesting and rewarding Read More
Ever since Congress passed the Sarbanes-Oxley Act in 2002—a response to major accounting scandals at such companies as Enron, WorldCom, Adelphia, Tyco, and others—internal auditors have been wringing their hands over their role in assuring compliance with the complex law. SOX, as it has come to be known, created radical Read More
