Author: Stephanie Liu

blockchain

COSO Report Details How To Use Blockchain In Internal Controls

With technology on the rise, blockchain has become an area of interest for companies looking to use the technology to bolster their own internal control systems. The Commission of Sponsoring Organizations of the Treadway Commission (COSO), a joint-association of which the Institute of Internal Auditors is a member, has released Read More

going out of business

Survey: Internal Auditors Worry About Long-Term Viability in the Face of COVID-19

As the coronavirus pandemic continues to ravage the economy, companies have had to pivot their strategies and adapt to the challenges that the virus has surfaced. To assess how organizations are handling this crisis from an audit perspective, the Institute of Internal Auditors conducted a survey of the responses by Read More

IIA Announces New Book “Ready and Relevant: Prepare to Audit What Matters Most”

The Institute of Internal Auditors announced a new book, Ready and Relevant: Prepare to Audit What Matters Most, written by seasoned practitioner Tim Berichon. Described as the IIA’s version of “Audit This, Not That,” the book focuses on specific strategies, tactics, and examples to help auditors build and maintain an Read More

teamwork

Four Ways To Add Value As Internal Audit

The role of internal audit has expanded as auditors have taken on more responsibilities. Businesses no longer only look to the function as evaluators of effectiveness, but also urge internal auditors to add value to their organizations. Thus, internal auditors are now expected to improve efficiency and operations, especially in Read More

U.K. Watchdog Gets “Adequate” Rating on Compliance

The Information Commissioner’s Office, the U.K.’s data watchdog, got a rating of “adequate” from an internal audit as the agency faces uncertainty regarding enforcement because of Brexit and COVID-19. The Coronavirus Crisis has disrupted the body’s work and the organization had announced that it will take a more relaxed approach Read More