It didn’t take long for the lawsuits to start flying over allegations of non-compliance with the European Union’s new set of data governance rules. Austrian data privacy advocacy group None of Your Business (NOYB) filed suits against Facebook, Google, and Facebook subsidiaries WhatsApp and Instagram alleging that the tech firms Read More
A new report from consulting firm Protiviti takes a close look at several companies’ audit departments as they attempt to adopt new technologies or help the business through digital transformation. The publication highlights the achievements of such companies as Accenture, Conservas La Costeña, Heineken, JP Morgan Chase, Juniper Network, Panera Read More
Elizabeth Johnstone, the chairman of the ASX Corporate Governance Council in Australia, has a frank message for internal auditors: stop being intimidated by company executives and board members. While Johnstone was addressing risk and governance failures in Australia, including multiple scandals at the Commonwealth Bank of Australia, her words serve Read More
It might be time for a data governance and compliance audit. A new survey by ISACA finds that more than two out of three companies aren’t fully prepared to comply with the European Union’s new General Data Protection Regulation (GDPR), which creates new rules for how companies manage and protect Read More
Don’t be surprised if the U.S. Customs and Immigration Enforcement agency comes knocking on your company’s door to conduct an inspection. ICE has ramped workplace inspections way up, increasing audits and arrests as part of an effort to find illegal workers and discourage businesses from hiring them, data released by Read More
As an investigation continues into a scandal involving a failed incentive plan to encourage homeowners in Northern Ireland to adopt renewable energy, an internal auditor is taking a measure of responsibility. Elaine Dolan, former senior auditor of Northern Ireland’s Department of Enterprise, Trade, and Investment (DETI), which administered the Renewable Read More
Former athletic director Mark Hollis and his staff failed for years to fix lax financial oversight in Michigan State University’s athletic department, according to internal audits that reported some of the same problems year after year. An MSU spokeswoman said auditors found no evidence of fraud and the audits mention Read More
The Institute of Internal Auditors’ (IIA) 2018 International Conference in Dubai, United Arab Emirates, begins today with a program that will address highly topical, global issues impacting the internal audit profession. The internal audit conference is estimated to be the largest gathering of internal auditors ever. The conference will take Read More
Japan-based electronics company Panasonic will pay more than $143 million to settle charges with the Securities and Exchange Commission of violating the Foreign Corrupt Practices Act (FCPA) and engaging in accounting fraud involving its global avionics business. It further charged the company of having insufficient internal controls, which has become Read More
Dun & Bradstreet Corp. has agreed to pay more than $9 million to resolve Foreign Corrupt Practices Act charges arising from improper payments made by two Chinese subsidiaries, according to a statement from the Securities and Exchange Commission issued this week. The business data company also announced that it had Read More
