Joseph McCafferty, Author at Internal Audit 360

Innovation Stories:
How Caesars Entertainment Partnered with TeamMate to Take Internal Audit to the Next Level

On January 9, 2020February 5, 2020 By Joseph McCafferty

SPONSORED ARTICLE: When Jae Kyung Gianelloni accepted a job at Caesars Entertainment as Director of Performance Assurance in the internal audit department in 2017, she knew she had a lot of work to do. The company was still running what Gianelloni describes as a “compliance-focused internal audit shop,” and the Read More

Internal Audit Identifies New Issues with Boeing’s 737 Max

On January 6, 2020January 6, 2020 By IA360 Staff

An internal audit conducted by Boeing in December, at the urging of regulators, has identified some new safety issues with the aerospace company’s troubled 737 Max planes. A report by the New York Times said the audit looked at every facet of the plane. Boeing has halted production of the Read More

Brydon Report Urges Sweeping U.K. External and Internal Audit Reforms

On December 18, 2019June 30, 2020 By Joseph McCafferty

A new report issued by an independent U.K. committee convened to review just about every facet of the audit function—from internal controls to internal audit to the independent assurance function offered by the Big Four and others—is urging a complete overhaul of the audit process. The Brydon Report, issued today, Read More

Internal Audit Uncovers $7 Million Fraud at Washington State Agency

On December 17, 2019June 30, 2020 By IA360 Staff

A former finance director stands accused of misappropriated more than $6.94 million in public funds from the Pierce County Housing Authority, according to a fraud investigation report the State Auditor’s Office released Monday. It’s the biggest case of fraud for a local government in the state of Washington, according to Read More

Texas City to Conduct Internal Audit after Complaints of Soaring Water Bills

On December 12, 2019December 12, 2019 By IA360 Staff

The City of Tye, Texas, is conducting an internal audit to look into a high number of water billing errors and complaints of soaring costs. One customer has complained that in recent months her bill more than doubled, from $50 a month to $106. In October, residential water bill rates Read More

One in Ten Companies Earn Failing Corp. Governance Grade

On December 12, 2019June 30, 2020 By IA360 Staff

The Institute of Internal Auditors (IIA) and the Neel Corporate Governance Center have unveiled an annual corporate governance index that measures the quality of corporate governance among publicly held companies in the United States and the results aren’t very good. The inaugural American Corporate Governance Index (ACGI) graded U.S. companies Read More

Is the Three Lines of Defense Model Outdated?

On December 12, 2019March 5, 2020 By Joseph McCafferty

Where, exactly, does responsibility lie in a modern corporation for ensuring that risks are being identified and managed? It may seem like a simple question, but the answer is far more complex. In fact, a long-used model to define such responsibilities, the “Three Lines of Defense” model, is in the Read More

Avoiding Bias in Your Internal Audit Program

On December 9, 2019March 13, 2020 By Kevin M. Alvero

Auditors of all stripes—internal and external—have long faced a bit of a catch 22: bring to light problems that cast management in a bad light and risk retaliation, or look the other way and suffer a loss of integrity and jeopardize the organization. Good auditors, of course, generally go the Read More

UAW Union to Boost Internal Audit amid Investigation

On December 5, 2019June 30, 2020 By IA360 Staff

The United Automobile Workers union has announced that it is revving up its internal audit function in response to a federal investigation into its finances. The UAW’s former president, Gary Jones, resigned earlier this month as a federal corruption probe into bribery and other wrongdoing at the major autoworkers union Read More

Author: Joseph McCafferty

Innovation Stories:
How Caesars Entertainment Partnered with TeamMate to Take Internal Audit to the Next Level

Internal Audit Identifies New Issues with Boeing’s 737 Max

Top Five Internal Audit Articles of 2019

Brydon Report Urges Sweeping U.K. External and Internal Audit Reforms

Internal Audit Uncovers $7 Million Fraud at Washington State Agency

Texas City to Conduct Internal Audit after Complaints of Soaring Water Bills

One in Ten Companies Earn Failing Corp. Governance Grade

Is the Three Lines of Defense Model Outdated?

Avoiding Bias in Your Internal Audit Program

UAW Union to Boost Internal Audit amid Investigation

ISACA Launches First Advanced AI Audit Certification

House Bill Looks to Dissolve the PCAOB, Cut Regulatory Budgets

NIST Updates Privacy Framework

Internal Audit Sparks Investigation into Spending at Tenn. County

RIMS and IIA Reach Agreement to Share Education Resources

Top Five Use Cases for Applying GenAI in Risk Management