The 2018 fiscal year was an active one for the Securities and Exchange Commission’s Whistleblower program. In fact, the agency received more tips and paid out more in rewards than in any year since the SEC Whistleblower Office opened its doors in 2011. In its 2018 annual report to Congress, Read More
A new report is giving many global companies poor marks for their performance on protecting human rights. The study, conducted by the U.K. non-profit organization Corporate Human Rights Benchmark (CHRB), finds that 40 percent of the 101 large companies it reviewed failed to show evidence of identifying or mitigating human Read More
The Securities and Exchange Commission pursued an increased number of enforcement actions in fiscal year 2018 and fined companies and individuals nearly $4 billion in the same period. The SEC said in its annual report that total enforcement actions totaled 821, up 9 percent from 754 in fiscal 2017. Meanwhile, Read More
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
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.
The U.S. Justice Department will put more consideration into whether or not a monitor is needed to oversee that a company is abiding by promises it makes in settlement agreements.
An internal audit conducted by NASA’s Office of Inspector General’s Office of Audits found major problems with the aerospace agency’s Space Launch System (SLS), a program that is working on a rocket that could return NASA astronauts to the moon and eventually go to Mars.
South African power company Eskom suspended its head of internal audit, Molefi Nkhabu, as it investigates a series of suspicious transactions that he signed off on. According to a statement from the company, the questionable transactions “contain inferences or conclusions which had the effect of exonerating certain previous Eskom executives Read More
Two leaders of BDO’s Nonprofit & Education Advisory Services practice, Ken Eye and Andrea Wilson, recently provided a list of “top 10 challenges keeping internal auditors up at night, and possible remedies to help continue the critical work.”
