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
When Ed Wilkins, CPA, talks to audit committees about adding data analytics to the audit process, he explains to them that it usually takes three years for investment in a complex audit analytic to pay for itself, according to a recent article in the Journal of Accountancy. Audit analytics give Read More
The Chartered Institute of Internal Auditors released its long-awaited new Internal Audit Code of Practice, to serve as a guide to practices and standards of internal audit professionals in the United Kingdom and Ireland. The professional organization says the new code will increase the effectiveness of internal audit functions and Read More
