For many internal auditors, the audit committee is a bit of an enigma. Most of us help the chief audit executive (CAE) or other internal audit leader with materials and content to provide to this subgroup of the board of directors. Much of our work, in summary fashion, ends up Read More
The Federal Trade Commission has filed a complaint against Amazon.com after the e-commerce company allegedly enrolled consumers into its Amazon Prime program for years without their consent “while knowingly making it difficult for consumers to cancel their subscriptions,” the FTC said. According to the FTC’s complaint, filed June 21 in Read More
The movie Forrest Gump is an acclaimed and universally known film. It received 13 Academy Award nominations and took home six Oscars, including Best Picture, Best Actor in a Leading Role, and Best Director. In 2011, the movie was added to the National Film Registry of the Library of Congress Read More
Republican Gov. Kim Reynolds signed a bill into law that restricts the Iowa state auditors’ access to certain types of information. Critics of the law say it will hinder the ability of state auditors to investigate wrongdoing and fraud at state agencies. The law prohibits the state auditor from taking Read More
In today’s lightning-fast business environment, the ability to effectively manage risks on the fly is crucial for the long-term success and sustainability of any company. Traditionally, companies have relied on conducting periodic risk assessments, often on an annual or semi-annual basis. With the dynamic nature of risks in today’s business Read More
Audit firm watchdog, the Public Company Accounting Oversight Board (PCAOB), is seeking public comment on a proposal aimed at increasing auditor vigilance against fraud and other forms of noncompliance with laws and regulations. If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual wrongdoing and Read More
A new benchmark report closely examines what is and isn’t working with whistleblower hotline programs, especially as they concern fraud detection. Among the most troubling findings: 25 percent of organizations still don’t have a whistleblower program and among those that do, only 39 percent bother to audit them. The report, Read More
The Institute of Internal Auditors (IIA) has shared a legislative proposal with Congress designed to promote stronger corporate governance, greater transparency and accountability, and enhanced investor protections at cryptocurrency exchanges operating in the United States. The legislation was shared alongside a letter from Anthony Pugliese, President and CEO of The Read More
GUEST BLOG POST As the saying goes, you can’t audit what you don’t understand. And for auditing complex risk management processes, that idea can hit home for many internal auditors. That doesn’t mean you have to be an expert with years of experience as a risk practitioner to audit risk Read More
The United Kingdom’s Financial Reporting Council (FRC) has unveiled plans to revise its Corporate Governance Code for the first time in five years, aiming to increase accountability among U.K. boards and management teams. The regulator’s proposals comes on the heels of Britain’s long-awaited response to a suggested shake-up of the Read More
