U.S.-based chemical company Chemours has received requests for information from regulators, including the Securities and Exchange Commission, and federal prosecutors after an internal audit investigation found multiple executives shifted cash flows to boost their bonuses. The company disclosed in its annual report on Wednesday that it was cooperating with information Read More
Internal auditors are in high demand these days. Recruiters and competitors are looking to snatch high-quality talent with the right set of skills and backgrounds. Management understands the value talented internal auditor hires can provide to help them make good and timely decisions, mitigate risks, and meet strategic objectives. That Read More
Recruitment and hiring strategies for internal audit must evolve to ensure the profession keeps pace with a changing risk environment, according to the results of a new report ‘Fueling the Internal Audit Student Talent Pipeline: Perspectives from Educators and Practitioners’ published by the Internal Audit Foundation. The report finds the Read More
Still locking into an annual audit plan? Stop. Risks move too quick to be addressing last year’s concerns as many as six, ten, or more months after the fact. Would you plan your whole week’s wardrobe based on the weather report at the start of the week and not waiver Read More
GUEST BLOG POST I believe just about every internal audit executive would agree with me that our independence from management is critical. We need to be able to operate without undue interference from management. That means that they are not able to stop or change our audit reporting, our opinions, Read More
The Federal Trade Commission issued a final rule that will effectively ban all noncompete agreements nationwide. In a statement, the agency said it was “protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.” “Noncompete clauses keep wages low, suppress new ideas, and rob Read More
The Institute of Internal Auditors, a global professional association for the internal audit profession, has announced the approval of Cameroon as the latest country to join its global federation, further expanding its international footprint. As an approved institute, Cameroon now has a legal framework to support internal auditors in its Read More
Ever since artificial intelligence burst onto the scene and particularly over the past several months, just about every organization has been grappling with complex questions about how to safely harness the power of AI, while avoiding or mitigating the risks and dangers that come with this massively powerful technology. Internal Read More
How can internal auditors look for fraud and assess fraud risks while remaining trusted advisors to their audit clients and management? The question is gaining renewed attention, in part because both the new Global Internal Audit Standards from the Institute of Internal Auditors (IIA) and the proposed standards from the Read More
GUEST BLOG POST This may be an odd question to ask, but as a leader of internal audit and risk management it was an important issue for me: Where should internal audit sit in any given organization? While there is so much talk about artificial intelligence, I believe it is Read More
