The Securities and Exchange Commission announced that it is extending the filing periods covered by its previously enacted conditional reporting relief for certain public company filing obligations under the federal securities laws, and that it is also extending regulatory relief previously provided to funds and investment advisers whose operations may Read More
The 2020 Pulse of Internal Audit, a report released this week by the Institute of Internal Auditors reveals serious gaps in internal audit’s coverage, with audit plans deficient in key risk areas, including: Almost one-third of respondents did not include cybersecurity and information technology in their audit plans. More Read More
According to a new internal audit survey report, the percentage of women in internal audit leadership roles increased significantly over the last three years. A study of internal auditors found that 40 percent of chief audit executive respondents identified themselves as female, up from 33 percent of chief auditors who Read More
Even before the coronavirus outbreak, it was clear that in today’s hyper-connected world, risks are moving faster than ever. As we see with the pandemic, a catastrophic event or set of circumstances can spring up quickly and change everything. While the coronavirus crisis brings with it a special set of Read More
There is no question that corporate America is facing one of the biggest crises it has ever faced. Indeed, the nation is facing the biggest crisis since 9/11 and possibly since World War II. Nothing has been as disruptive; shuttering stores, restaurants, hotels, and offices across the nation. The coronavirus Read More
Singapore-based construction and engineering company Tee International is undergoing a review of its policies, aiming to enhance existing internal controls in light of unauthorized compensation paid to ex-company director Phua Chian Kin, the company said in a regulatory filing. Following an external investigation, Phua admitted to using company funds for Read More
AuditBoard, a provider of cloud-based software for managing and automating risk, audit, and compliance work, has announced the release of a new risk management offering, RiskOversight. AuditBoard says the new product, an expansion of its platform, was built to elevate and execute risk management programs across the enterprise—including risk identification, Read More
Guest Blog As the situation regarding coronavirus (COVID-19) continues to deteriorate, we see businesses becoming stretched and challenged on multiple fronts. From the massive impact on supply chains, to staff availability, to a plunge in demand for products and services in hospitality, transportation, energy, and many other industries, the pandemic Read More
For internal auditors, there may be nothing as frustrating as going back to an audit and finding the same deficiencies and problems year after year, audit after audit. It’s not uncommon for process owners and units to ignore audit findings and fail to make the recommended changes or fixes. When Read More
An audit report resulting from an internal investigation conducted by the internal audit department of Southern Texas University indicates that at least $14,000 to $32,000, and potentially far more, was missing from admissions office revenue. The report, which was obtained by the Texas Monitor, also found improprieties in admissions practices Read More
