Money laundering facilitates crime, threatens our national security, distorts markets, and has a devastating economic and social impact on citizens, according to the U.S. Department of the Treasury. Financial institutions are required to do their part to combat these threats. The Financial Crimes Enforcement Network (FinCEN), a bureau of the Read More
GUEST BLOG POST When I was recently describing my work as an internal auditor to my older brother, a medical doctor, we stumbled upon a striking similarity: both our professions benefit significantly when focusing on Emotional Quotient (EQ) the ability to navigate emotions intelligently—over Intelligence Quotient (IQ), which focuses on Read More
President Donald Trump signed an executive order that directs the Attorney General, Pam Bondi, to cease enforcement of the Foreign Corrupt Practices Act (FCPA) a law that prohibits American companies from bribing foreign officials. President Trumps said he believes that by issuing such an order, he will restore American competitiveness Read More
The Institute of Internal Auditors has released the Cybersecurity Topical Requirement, the first of several “Topical Requirements” to be published this year. Incorporating feedback from global practitioners and stakeholders, the Cybersecurity Topical Requirement provides a baseline approach to assessing the design and implementation of cybersecurity governance, risk management and control Read More
One of the most exciting aspects of parenthood is passing down the stories and books that shaped our childhoods. With little effort, we often recall our favorite stories and their memorable plots—like the heartwarming lessons from Charlotte’s Web or the playful risks in The Cat in the Hat. But consider Read More
W ith the rise of AI and regulatory uncertainty, Chief Audit Executives (CAEs) are expected to face mounting pressure from the board to address emerging risks and strengthen mitigation efforts. According to Gartner, a technological research and consulting firm, as AI has emerged as both a valuable business asset and Read More
The Institute of Internal Auditors’ new Global Internal Audit Standards took effect on January 9, ushering in a new era in the practice of internal auditing. The Standards were first released in January of 2024 as part of the broader International Professional Practices Framework Evolution project. They provide a basis for Read More
As we know, internal audit teams can sometimes overlook company culture when identifying areas of risk and concern. A 2023 AuditBoard report, for example, found that 80 percent of the organizations it surveyed do not actively conduct audits or assessments of their culture. This gap may also point to a Read More
