Here are five steps to conducting an expert fraud investigation, and five common investigation mistakes to avoid. When you are assigned by senior management, the audit committee, or your superior to head a team of professionals to conduct a fraud investigation, what do you do? You have two options: embrace Read More
The Institute of Internal Auditors issued a new guide on insider threat programs that is designed help internal auditors understand insider threats and related risks by providing an overview of common traits of main players, key risks, and potential impacts. The guide also covers security frameworks, techniques, considerations, and resources Read More
The European Union’s new data privacy rules have been in effect for more than two months now, yet many companies haven’t done much to ensure they are abiding by them, according to a recent survey. The poll, conducted by Deloitte during a webcast in late June, found that only about Read More
There’s no debate about the value of using open source software (OSS) when building new business applications—cost, flexibility, quality and ease of use, to name a few—but its use comes with legal obligations and security vulnerabilities that can pose significant risks to organizations. To effectively pre-empt such risks, proactive OSS Read More
Two-thirds of Canadian banks examined by regulators had “significant levels” of noncompliance with anti-money laundering rules, according to report to lawmakers reviewed by the Wall Street Journal. The Royal Canadian Mounted Police estimated in 2011 that between $3.8 billion to $11.5 billion is laundered in the country annually. Critics of Read More
Japan’s financial watchdog, the Financial Services Agency, is conducting onsite inspections of the internal audit functions of the country’s regional banks to ensure they are functioning properly. The probe comes after a failure by internal audit at one of the banks, Higashi-Nippon Bank, to identify and stop improper practices, including illegally Read More
While the dog days of summer have typically been a fairly quiet time for internal audit news, there is one place where internal audit is creating some heat these months—on university campuses. There have been a string of university officials and professors who have been implicated of wrongdoing after an Read More
While Internal Audit 360° is a completely non-political entity, we are, at heart, editors and journalists, and we believe whole-hardheartedly in the idea of a free and unencumbered press. When a leader calls the press “the enemy of the people” we feel a need to speak up and disagree. We Read More
The deadline is looming for banks and financial institutions that do business in New York to comply with new regulation that requires them to keep an audit trail of financial transactions for at least five years. Provisions of the Cybersecurity Regulation, which was passed in March 2017, will go into Read More
The internal audit profession is changing rapidly these days and the exact role of the auditor is in flux as they seek to retain influence in the organization. The internal audit function’s main objective is to add value to the organization through recommendations and audits, based on a systematic, disciplined Read More
