Robotic process automation (RPA) is quickly gaining prominence among internal audit shops as a must-have technology to increase inefficiency and automate some labor-intensive processes. RPA is the use of software or other technology to create scripts or “bots” to handle high-volume, repeatable tasks that previously required people to perform. These Read More
The U.S. Treasury Department will audit every loan of more than $2 million provided under the Paycheck Protection Program for businesses hurt by the coronavirus fallout, Treasury Secretary Steven Mnuchin said earlier this week. The announcement by Mnuchin comes after a public outcry over concerns some public companies and wealthy Read More
In the current environment, most businesses — except for essential business — are pretty much shuttered. Or at least their business is being conducted by a workforce that’s at home working remotely. It is very likely that for many audit engagements this year, the way that a business is processing Read More
The Institute of Internal Auditors (IIA) will begin providing online testing early next month for all three parts of its Certified Internal Auditor (CIA) exam and for its exam to earn a Certification in Risk Management Assurance (CRMA). The professional association said it will begin offering the tests online, “to Read More
One of the things we will all remember long after the Coronavirus Crisis is over—apart from the horrible loss of life, of course—is the extended period of everyone working from home. We’ll remember the kids and pets making appearances on Zoom calls, scoping out the items on everyone’s bookshelves in Read More
The Institute of Internal Auditors has released a new report to help auditors address the challenges of conducting audits while working from home. The report, “Remote Auditing for COVID-19 and Beyond,” examines the challenges of remote auditing and offers strategies for overcoming them in each part of the audit engagement Read More
GUEST BLOG Coronavirus has escalated from a few isolated cases in a foreign country to a global pandemic affecting all aspects of American life. There is much we don’t know about how this pandemic will change our professional lives over the coming weeks and months. What we do know, however, Read More
A new survey of financial executives indicates that corporate America is gearing up for more layoff and belt-tightening. Companies are also putting investments and other spending on hold. The third release of PwC’s COVID-19 CFO Pulse Survey reveals 26 percent of U.S. chief financial officers anticipate layoffs, a marked increase Read More
Securities and Exchange Commission officials issued a unprecedented statement this week urging companies to be forthright and open in their earnings reports, calls with investors, and other disclosures during this time of economic upheaval. The statement underscores the unusual times companies are facing and the disruption the Coronavirus Crisis has Read More
SPONSORED ARTICLE When Michele Variale joined the Natuzzi Group as chief internal auditor in 2017, he knew that his team had to streamline operations and sharpen its focus if it was to offer senior managers what they needed to help the high-end furniture company succeed in a rapidly changing industry Read More
