(PHOTO: Commonwealth Bank Branch office, by Maksym Kozlenko, used under CC BY-SA 4.0, Wikimedia Commons) Still reeling from a series of scandals and failures, Australian internal auditors are demanding some changes that would give them more power to obtain information and more independence from management. According to a report in Read More
Good corporate governance doesn’t happen automatically, even when a great board and senior management are in place. Effective corporate governance is the result of several elements and functions coming together, including organizational policies, processes, and cross-functional interactions. And internal audit has an important job to do to ensure those elements Read More
A new report from the U.S. General Accounting Office examines the causes of the massive 2017 data breach by Equifax that compromised the personal data of more than 148 million Americans. The report contributes the debacle to the company’s failure to use common cybersecurity best practices, poor internal controls, and Read More
A new report out from the Institute of Internal Auditors’ research arm provides some needed insight on how internal audit can better align itself with the rapidly changing strategic direction of the company. The research, conducted by the IIA’s Internal Audit Foundation, finds that while internal audit has made some 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
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
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
(Photo: Audit Report by Nick Youngson CC BY-SA 3.0 ImageCreator) The Center for Audit Quality has issued some much-needed guidance on critical audit matters (CAMs), a new reporting requirement that external auditors will need to start including in their audit reports as early as next year. While the new requirements Read More
A recent article from Deloitte in the Wall Street Journal notes the opportunity for internal audit to take advantage of Big Data and data analytics. Sure, it’s a sponsored article as part of Deloitte’s relationship with the WSJ, but the article nonetheless has some good nuggets of wisdom on how Read More
More companies are providing compliance and ethics training for board members in light of the recent string of sexual harassment charges at several organizations and the emergence of the #MeToo campaign, according to a new report. But many companies still provide little or no specific sexual harassment training to directors, Read More
