Global bank Citi recently announced plans to hire more than 100 employees to join its global internal audit function. The new auditors will be hired at offices in Jacksonville and Wilmington, Del. as the newest strategic locations for the internal audit function in the United States. The open roles will Read More
If 2020 was the “Year of Covid,” 2021 will go down as a year of trying to return to normal. In many ways we did get back some semblance of normalcy, as kids returned to school, fans returned to sports venues, and shops and restaurants reopened. Yet, in many other Read More
The latest Global Knowledge Brief from the Institute of Internal Auditors and CaseWare, “Four Steps to Starting Internal Audit’s Data Analytics Journey: Demystifying the world of data analytics,” outlines internal audit leaders’ experiences navigating these key steps, along with recommended tools to guide internal audit functions along the way. It Read More
According to a new survey from Protiviti and NC State University, pandemic-related regulation and market conditions due to COVID-19 remain top concerns for 2022 for board members and C-suite executives. Looking ahead to 2031, business leaders cite workforce and talent-related issues as their primary concern, indicating that the impact of Read More
GUEST BLOG POST I recently wrote about an inherent problem with some audit reports. I discussed the fact that some auditors believe they can persuade management with an audit report to take action to correct a deficiency. I pointed out that a report is far less persuasive than a face-to-face Read More
Many internal audit shops are adopting Agile project management principles in an attempt to create a more flexible, adaptive, and customer-oriented audit function. And while the results have been promising, expect a few bumps along the way. To be sure, Agile is not a revolution for internal audit, but a Read More
Chinese companies that list on U.S. stock exchanges must reveal whether they are owned or controlled by a government entity, and provide evidence of their auditing inspections, the Securities and Exchange Commission stated this week. The rule advances a process that could lead to more than 200 companies being delisted Read More
As Internal audit leaders go about their work, there are many decisions to make: How to assess risk? What to audit? How to acquire the expertise needed to execute certain audits? What audit technologies to adopt? How to build the internal audit team? And on and on. Sometimes we make Read More
Internal auditors are a rare breed. To perform well in their jobs, they must have a set of skills and characteristics that are typically uncommon in one person. For example, they need to be analytical with laser-like focus, while also being “people-persons” with great communication skills. They need to be Read More
The Securities and Exchange Commission has charged an affiliate of McKinsey & Co. with compliance failures including the misuse of material nonpublic information. The affiliate, MIO Partners, which offers investment options exclusively to current and former McKinsey partners and employees has agreed to pay an $18 million penalty to settle Read More
