The next time a CEO or board member questions the value of internal audit and compliance, just point to the colossal sum of cash that Goldman Sachs is shelling out to settle bribery and corruption charges. The investment bank agreed to pay a whopping $2.9 billion, with a “B,” to Read More
The Securities and Exchange Commission announced a record award to an unnamed whistleblower for providing information leading to a successful enforcement action against securities law violations. The SEC said, in a statement, that the whistleblower took “extraordinary” actions to bring the wrongdoing to light. The $114 million award consists of Read More
Regardless of the level of media focus on the issue of sexual harassment, it is important for an internal auditor to maintain a neutral mindset with respect to their involvement with the company harassment system. This is called “applying skepticism.” In this setting, internal auditors should be more concerned with Read More
Reports of the suspicious deaths of four public-sector internal auditors in Liberia are sending shock waves through the internal auditing profession amid calls for greater investigation into the circumstances of the incidents. Occurring over eight days, from October 3-10, the four deaths involved Emmanuel Barten Nyeswua, director general, Liberia Internal Read More
Find out how your SOX and internal control processes compare to your peers in this fifth annual report from the SOX Professionals Group. READ THE REPORT
GUEST BLOG These are difficult days for many companies. Recent developments, including the economic downturn and other problems stemming from the coronavirus crisis, threaten the very existence of businesses across several industries, from airlines to retail, to manufacturing. With so much uncertainty and disarray, corporate boards and senior executives are Read More
Does anyone really enjoy any aspect of internal audit reports? Raise your virtual hand if you like drafting them, editing them, issuing them, or even reading them? It is likely there are very few, if any, hands raised. Anyone who has authored, edited, or received an audit report would probably Read More
Software provider AuditBoard is teaming up with the Institute of Internal Auditors to provide some relief for members of the internal audit profession who have been adversely affected by the coronavirus crisis. The two organizations announced the launch of a $500,000 scholarship program to provide access to training and educational Read More
When it comes to preventing or detecting fraud, whistleblower hotlines remain among the best protection money can buy. They can also be an important tool for internal auditors to assess fraud risk and provide information that can increase the quality of audits and should be assessed on a regular basis. Read More
Words just don’t do Workiva justice. See how teams like yours are using different features of the Workiva platform for audit, risk, and compliance. Take a closer look at dashboards, evidence requests, testing, and more. See How it Works >>
