The Public Company Accounting Oversight Board (PCAOB) adopted amendments to its auditing standards on June 21 to improve lead auditors’ supervision of other auditor’s work. As companies increase their global presence, the use of additional audit firms has become more prevalent in the conduct of external audits. In 2021, 26 percent Read More
To keep pace with organizational needs and the increasingly dynamic risk environment, internal audit teams have begun adopting an agile approach to auditing. Join Agile Coach, Mark Williams, and Agile Auditor Stacy Scott, in this live webinar on June 22, to learn about the framework for agile audit execution, along Read More
In a unanimous vote, the Senate confirmed Democrat Jaime Lizárraga and Republican Mark Uyeda this week to serve as the Securities and Exchange Commission’s newest Commissioners. President Joe Biden nominated the two as Commissioners in April. Lizárraga served most recently as a senior advisor to House Speaker Nancy Pelosi, (D-Calif.). Uyeda is Read More
Registered investment adviser A.G. Morgan Financial Advisors (AGM), its owner, and its former chief compliance officer each face charges by the Securities and Exchange Commission for violations of federal securities laws, the agency announced this week. According to the SEC’s complaint, AGM, owner Vincent Camarda, and AGM’s former Chief Compliance Read More
What had typically been a routine vote to renew the contract of Baltimore School Board Chief Auditor Andrea Barr was anything but typical this time around. The school board effectively fired Barr, who had been the chief auditor for 36 years, when several members simply abstained from voting. In a Read More
The Securities and Exchange Commission charged audit firm CohnReznick LLP with improper professional conduct on audit engagements for two clients in 2017 and hit the firm with a $1.9 million penalty to settle the charges. The agency also charged three of the firm’s partners with improper conduct related to the Read More
Internal auditors are busy folks. There never seems to be enough hours in the day to get through everything on the audit plan, not to mention the issues that seem to crop up all the time. These days, the topics that seems to be on the tip of everyone’s tongue Read More
If the last few years have shown us anything, it’s that we must be ready for the unexpected. From the disruptions of the global pandemic to soaring inflation, from political scandals to a war of aggression in Ukraine—life as we know it is changing. The public sector doesn’t exist in Read More
GUEST BLOG POST: Earlier this year, I read the book Drive, by Daniel Pink. It’s an easy-to-read business book full of forward-looking non-conventional ideas on managing, motivating, and compensating people, among other topics. I liked the book so much that I started following Pink on LinkedIn, where I learned that Read More
Internal audit spends most of its time assessing various functions and processes across the organization. But how well does it know itself? After all, Aristotle once said, “knowing yourself is the beginning of all wisdom.” Luckily, there is an accepted review process for assessment of internal audit, known as a Read More
