The results of an internal audit initiated by content streaming service Netflix to see how it was doing on the question of diversity in its original programming found some good news and some work to do. While the streaming service found that there has been progress in the representation of Read More
A high-quality internal audit function can have a huge influence on a business. “Actually, we have a dual role to play,” David Jardine, senior vice president, internal audit at BP plc noted recently. “We’re a custodian of value for shareholders and we’re here to hold management to account. We help Read More
GUEST BLOG POST Last spring, I read an article on using automation technologies, such as robotic process automation (RPA) and process mining, in internal audit. It was an eye-opening experience. In all fairness, I had not really put RPA into practice at that time. I had read about it and Read More
The building blocks of reliable, comparable and relevant environmental, social, and governance (ESG) information begin with a foundation of quality reporting by company management. Now companies have a new resource to improve ESG reporting. The American Institute of CPAs and Center for Audit Quality teamed up to provide audit practitioners Read More
A new report from Transparency International finds that corruption levels have increased around the world, including in some of the countries that have typically scored well, such as Canada, Australia, and the United States. Indeed, among the top 25 least corrupt countries, according to TI’s Corruption Perception Index (CPI), 15 Read More
The Securities and Exchange Commission announced today that President Joseph R. Biden, Jr. has designated Allison Herren Lee as Acting Chair of the agency. “It’s an honor to continue my service on the Commission in this new role,” Acting Chair Lee said. “I have tremendous respect for my colleagues on Read More
The pandemic has confronted many managers with the need to consider some belt tightening. Indeed, many organizations have been forced to delay capital investments, reduce inventory levels, furlough and lay off workers, and conduct other cost-cutting activities over the last months, as they worked to make ends meet. Internal audit Read More
Manufacturing firms are facing increased threats from cybercriminals targeting weaknesses in supervisory, control, and data acquisition (SCADA) systems. Regulatory bodies recognize the data security challenges that manufacturers face and have initiated various requirements and standards of operations meant to safeguard data. Non-compliant firms risk huge fines or even jail terms Read More
Data duplication is a serious problem that has long plagued organizations and complicated the data analytics efforts of internal audit. At best, it hogs up expensive storage space and frustrates communications with customers; at worst it can lead companies to make flawed business judgements. Business users, data analysts, IT managers, Read More
The Institute of Internal Auditors, an internal audit professional association, has launched a new tool specifically designed to give boards and audit committees assurance that internal auditors are performing their job effectively. The assessment tool offers suggestions for issues to be addressed in an evaluation based on established best practices. Read More
