The Securities and Exchange Commission has announced the creation of a Climate and ESG Task Force in the Division of Enforcement. The task force will be led by Kelly L. Gibson, the Acting Deputy Director of Enforcement, who will oversee a Division-wide effort, with 22 members drawn from the SEC’s Read More
The Institute of Internal Auditors sent the Secretary of Defense a letter expressing “deep concern” over a proposal that would “effectively demolish” the U.S. Navy’s Internal Audit Service through a 70 percent budget reduction. The budget cut, proposed during the previous administration and currently under review, would “disproportionately divest crucial Read More
At the start of last year, no one could possibly have predicted how 2020 would play out, and how we all, individuals and organizations alike, would be dealing with one of the most disruptive forces to arise in most of our lifetimes. It’s a safe bet that “pandemic” wasn’t on Read More
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
