Businesses today cannot be separated from their digital assets. Data drives every aspect of business, from strategic decisions to tactical operations, and all that data is stored in, accessed by, and transmitted across networked systems. Keeping cyber risks under control is a critical issue for any company. Even small, non-tech-oriented Read More
More than $8 million in construction cost increases tied to the El Paso Independent School District’s 2016 bond program did not go before the board for approval as required, according to a new internal audit report. As a result, auditors warn final costs are likely to exceed the figures the school board Read More
The City of New Orleans’ Inspector General found that the former management at the Sewerage and Water Board interfered with internal auditors, rendering them completely ineffective. Inspector General Derry Harper said the S&WB auditors weren’t able to provide effective oversight of the agency’s operations between 2016 and 2018. The IG’s Read More
A report by British Columbia’s auditor general has revealed several holes in the safety net that restricts access to provincial government systems with the discovery that some ministries weren’t following the rules. Auditor general Carol Bellringer’s report released this week looked at five ministries and how each allowed employees and Read More
Alexandra was a young manager in a small audit department of a manufacturing company. Her department was facing time-management issues, as the audit engagements could not adhere to the timeframes included in the annual audit plan, which had been developed in line with the Institute of Internal Auditor’s International Professional Read More
Security pros know that compliance does not equal security, yet compliance continues to be a top driver for security investment. Given that compliance and audit mandates are more tangible measures for non-security executives, requesting support for tools and processes that help meet these requirements is an excellent lever to pull Read More
The Institute of Internal Auditors’ Internal Audit Foundation has issued a new guide on data analysis and sampling. It says the guide, Data Analysis and Sampling Simplified: A Practical Guide for Internal Auditors, is designed to live on the desks of internal auditors, not on the bookshelves. “In short, this Read More
A professor at the University of Pennsylvania’s Wharton School is warning that the Securities and Exchange Commission’s proposal to exempt smaller companies from having to comply with a key provision of the Sarbanes Oxley Act (SOX) could do more harm than good. The SEC proposed in May to exempt relatively Read More
A Massachusetts Department of Transportation project manager responsible for auditing the state’s Merit Rating Board told lawmakers during testimony this week that she had flagged thousands of unprocessed out-of-state traffic violations in her preliminary audit findings in April. Brie-Anne Dwyer, who testified before the Joint Committee on Transportation on Tuesday, Read More
A former CVS employee has pleaded guilty to fraud after an internal audit, triggered by suspicious activity, uncovered a $2.5 million scam to resell stolen merchandise, the U.S. Attorney’s Office for the Western District of New York announced last week. The perpetrator, Antonio Rivera of Williamsville, NY, was employed Read More
