By now, most internal audit shops have at least dipped a toe in the waters of data analytics. They are using data analysis techniques to find outliers in expense reports, to look for suppliers that have suspicious attributes or are at high risk for bribery, and for testing controls and Read More
Online small business lender OnDeck announced the appointment of Linda Tan as vice president and head of internal audit. Tan will oversee the company’s internal audit team and deliver independent, objective assurance and advisory audit services to support OnDeck’s strategies and external requirements. “We are pleased to welcome Linda and Read More
It’s February and the holidays are behind us, winter is in full swing, and many of our New Year’s resolutions to get to the gym more often or do a better job saving money have fallen by the wayside. It’s not too late, however, to set some goals for internal Read More
Aircraft company Airbus has agreed to pay combined penalties of more than $3.9 billion to resolve foreign bribery charges with authorities in the United States, France, and the United Kingdom. It is the largest settlement arising from bribery charges ever. The Department of Justice said in a statement that the Read More
Are you an audit leader looking to take your internal audit team to the next level in 2020? Get started with the definitive guide to audit management, which contains best practices, resources, and tools for each stage of the audit lifecycle. Download the free guide below! Whether you manage an Read More
The Securities and Exchange Commission has proposed amendments to securities regulations that, if passed, would change the requirements for disclosing financial information. It says the changes would modernize, simplify, and enhance some financial disclosure requirements in Regulation S-K. The proposed changes would also require some new disclosures. In a statement, Read More
The Commodity Futures Trading Commission announced it will become the first federal agency to adopt the recently released privacy framework from the National Institute of Standards and Technology (NIST). The framework is a voluntary tool designed to improve privacy through enterprise risk management. The CFTC will integrate the framework into Read More
An internal audit at the Minnesota Department of Human Services has found several violations of laws designed to prevent fraud, waste and abuse in the branch responsible for a recent series of improper payments. The agency’s behavioral health division, which was responsible for $29 million in overpayments to two Indian Read More
University of Oklahoma employees did landscaping and other improvements at former school official David Boren’s personal residence more than 100 times while he was president, according to an internal audit. Boren paid the University of Oklahoma $4,310 more last May for the services after the internal audit found he had Read More
The Chartered IIA has announced the appointment of John Wood as interim CEO. “John is a very experienced interim CEO and Chairman, with a blend of commercial, not-for-profit and third sector experience to call upon, who specializes in advising organizations who are going through change and growth,” the organization said Read More
