A new survey found that two-thirds of organizations have an ESG program in place and another 24 percent have plans to implement one. However, only half (51 percent) of organizations that report on ESG obtain some level of assurance from their internal audit functions. So while companies may be listening Read More
GUEST BLOG: Imagine a world where internal audits were conducted by robots and auditees were also robots. A factual statement by the robot auditor is well received by the robot auditee in a complete, rational, and objective manner. There are no emotions, no ifs, and no buts, no tension. Unfortunately, Read More
The increasing number of organizational failures in government and non-government sectors have resulted in major reforms in corporate governance codes and practices worldwide. The reforms, such as the Sarbanes Oxley Act in 2002 and The Cadbury Report in 1992, focused mainly on enhancing transparency, accountability, and responsibility at various organizational Read More
With technological advancements in the new millennium, internal auditors progressively enhanced the use of laptops, tablets, smartphones, data analytics tools, and web-based cloud applications for performing their in-scope agreed-upon procedures. A very recent emerging technological development that has surfaced for enhancing the effectiveness of the internal audit function is the Read More
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
