A new survey finds that companies aren’t moving to advanced technologies in big numbers to address the difficult work of complying with the Sarbanes-Oxley Act (SOX). The survey also finds that nearly 20 years after SOX took effect, companies are spending more time and money to comply with the regulations. Read More
As companies look to reopen facilities and make accommodations for operating under the “new normal” of doing business during the coronavirus pandemic, internal audit leaders are assessing the risks and helping their organizations prepare to unlock the doors. Some are still just trying to get their bearings. “I’ve been through Read More
The Public Company Accounting Oversight Board released a new advisory report to provide information for auditors and audit committees about audits involving cryptoassets, such as Bitcoin and other digital currencies. The Spotlight document, Audits Involving Cryptoassets – Information for Auditors and Audit Committees, calls for a greater focus by some Read More
Risk appetite is a critical link between strategy and performance. In an effort to help executives and managers better understand and communication risk appetite, the Committee of Sponsoring Organizations (COSO) issued new guidance, on how organizations can promote risk appetite as an integral part of decision-making. The guidance, titled “Risk Read More
The Securities and Exchange Commission has settled charges against three former KPMG LLP audit partners for improperly sharing answers to internal training exams and for actions that attempted to impede an investigation into the misconduct. The SEC previously charged KPMG with violations connected to the exam sharing scandal, as well Read More
The aftermath of COVID-19 may change the way attorneys and other legal professionals think about or execute their work, but the privacy landscape could remain largely untouched. While obligations under the Health Insurance Portability and Accountability Act have been temporarily relaxed to facilitate the public’s access to telemedicine, the enforcement Read More
With the pace of change accelerating and risks shifting in nearly inconceivable ways, proactive chief audit executives are assessing risks continuously and responding nimbly by adjusting audit plans. This practice guide provides practical examples and a flexible yet systematic approach to developing internal audit’s risk assessment and plan of engagements. Read More
Deutsche Bank’s regulators in the United States have criticized the German lender in an internal audit for weaknesses in fighting money laundering and in risk management, according to a German newspaper on Wednesday. The paper, Sueddeutsche Zeitung, said the bank has 90 days to respond to the audit, which was Read More
By now, it’s clear to most internal auditors and to those who follow the profession that internal audit is changing very rapidly. The strategies that have worked in the past will no longer be enough to carry out internal audit’s new mandate. Boards and senior management expect internal audit shops Read More
These are strange days. Many of us may feel like we are living out a dystopian movie as we walk around the neighborhood waving to neighbors, but knowing we can’t stop to chat and must keep at least six feet away. Grocery shopping has become an act of courage, and Read More
