The Institute of Internal Auditors has issued a new practice guide to help audit third-party risk management. This latest practice guide informs chief audit executives and their audit teams on how to understand and assess risks related to the use of third-party providers. Risks related to vendors, suppliers, resellers, and Read More
AppZen, a provider of artificial intelligence (AI) auditing solutions, has secured $35 million Series B financing led by Lightspeed Venture Partners. AppZen is looking to capitalize on the booming interest in applying AI and other advanced analytics technology to internal audit processes. Since launching its audit technology 18 months ago, Read More
Could the audit profession be in danger of dying out in the coming years? At least one professor thinks that audit (and to be clear we are talking about external audit firms that provide an independent opinion on the integrity of corporate financial statements) could be replaced in the next Read More
Effectively managing internal control for business systems is a top priority in order to prevent risks, stop fraud, keep a company secure – and experience clean, cost-effective audits. As the CTO of a security and compliance solutions company, I know companies fear audits – or more aptly, they fear failing them. Read More
Some talk about opportunity as “the other side of the coin” from risk. One is good and the other bad. That is how COSO views the two words, risk and opportunity. ISO sees them differently, though, defining risk as the effect on objectives. That effect could be positive or harmful. Read More
Beauty products company, Avon Products, announced today that Timothy Leather has been appointed Vice President, Internal Audit. Leather, who will take the post in early December, will head Avon’s global internal audit function, an independent group reporting to the audit committee that helps mitigate financial, operational, and compliance risk. In Read More
Two new separate analyses by research firm Audit Analytics, finds that even as the use of non-GAAP metrics is growing, the topic has dominated SEC enforcement efforts with a high percentage of SEC comment letters referring to potential misuse of non-GAAP metrics.
A new survey of chief audit executives in the United Kingdom finds that more than one in three organizations has yet to do any Brexit scenario planning, despite the impending deadline for the U.K. to leave the EU. According to the Brexit Preparedness Survey, conducted by the Chartered Institute of Read More
The Securities and Exchange Commission has issued an investigative report urging public companies to consider cyber-threats when implementing internal accounting controls.
Despite record spending on cybersecurity, a new study finds that IT security breaches remain at epidemic levels. According to a new report conducted by Osterman Research, a whopping 70 percent of the more than 200 medium and large organizations surveyed reported being the victim of at least one successful cyber-attack Read More
