August 20, 2020 - Internal Audit 360

Audit Finds Weak Oversight At St. Louis City Council Led To Abuses By Official

On August 20, 2020 By IA360 Staff

An audit report found that weak oversight by the St. Louis city council and then-city auditor led to abuses by former-county executive Steven Stenger, who pleaded guilty to three federal counts of pay-to-play schemes that cost taxpayers between $250,000 and $550,000. The audit, conducted by Missouri Auditor Nicole Galloway’s office, Read More

Scotiabank To Pay $127 Million Fine For Precious Metal Price Manipulation

On August 20, 2020 By IA360 Staff

Canadian bank Scotiabank will pay $127 million to the Department of Justice to settle charges manipulating prices of precious metals. Four traders at the bank allegedly manipulated thousands of orders for precious metals futures contracts over an eight-year period. The bank was also charged with making false statements and incomplete Read More

Day: August 20, 2020

Audit Finds Weak Oversight At St. Louis City Council Led To Abuses By Official

Scotiabank To Pay $127 Million Fine For Precious Metal Price Manipulation

Report: Changing Risks Will Require Shift in Internal Audit Hiring

FTC Moves to Ban All Noncompete Agreements

IIA Adds Cameroon to Its Global Federation of Nations

CAEs Diverting Internal Audit Resources to AI-Related Risks

SEC Releases Scaled-Back Final Rules on Climate Disclosures

The IIA Provides Resources to Aid in Adoption of New Standards