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
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
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
F or many internal auditors, 2019 was a transitional and eventful year. Most internal audit shops are still coming to grips with some big underlying shifts in internal audit. The biggest trends continue to stem from the acceleration in the use of technology to fulfill internal audit’s objectives. Some other Read More
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
