The Securities and Exchange Commission has proposed two amendments to the rules governing its whistleblower program. The first proposed amendment concerns award claims for related actions that would be otherwise covered by an alternative whistleblower program. The second affirms the Commission’s authority to consider the dollar amount of a potential Read More
It’s become common practice at many companies to conduct internal audits of the company’s culture. Auditors assess leadership, tone at the top, ethics, and the general emphasis on doing the right thing, among other aspects. Culture audits can be completed as part of a stand-alone assessment of the entire organization’s Read More
Amid growing concerns over governance issues, India fintech company BharatPe announced that it would be conducting an independent audit of its internal process and systems. The development comes just days after its founder Ashneer Grover took voluntary leave after an audio clip surfaced that exposed a fight between Grover and Read More
The 2021 Corruption Perceptions Index (CPI) released this week by Transparency International shows that corruption levels remain at a standstill worldwide, with 86 percent of countries making little to no progress in the last 10 years. Nearly two-thirds of nations scored below 50 on the 100-point scale this year. The Read More
It’s no secret that internal auditors and the managers of the units, departments, and functions they audit don’t always get along. After all, it’s not easy to embrace the idea of strangers coming into your offices, looking over your shoulder, sifting through your documents and data to find all the Read More
Why do some internal auditors shy away from using data analytics? Some say the complexity and jargon surrounding it are too overwhelming. Team leaders don’t know how to distinguish between hype and practical application. Team members are hungry to learn how to apply data analytics but aren’t sure where to Read More
A new report hopes to provide more clarity around the roles of internal audit and compliance, as they each work to fulfill separate but related duties without too much overlap and interference. The report, which is part of the Institute of Internal Audit’s Global Perspectives & Insights series, explains why Read More
The overall effectiveness of corporate governance among publicly traded companies declined slightly in 2021, according to data from the third annual American Corporate Governance Index (ACGI) from the Institute of Internal Auditors and the Neel Corporate Governance Center at the University of Tennessee, Knoxville’s Haslam College of Business. Managing change Read More
FEATURED BLOG POST I have always been on the lookout for clever ways to describe internal audit’s role in an organization. One of my favorites used to be “internal audit is the brakes that allows the organization to drive faster.” The reasoning behind this analogy is that brakes are a Read More
A new report finds that internal auditors are still largely working from home, and with the rise of the Omicron variant it looks like remote internal auditing will likely last well into 2022. The study, conducted by the Institute of Internal Auditors’ Internal Audit Foundation and audit technology provider AuditBoard, Read More
