The overall effectiveness of corporate governance among publicly traded companies declined slightly in 2021, according to data from the third annual American Corporate Governance Index (ACGI) from the Institute of Internal Auditors and the Neel Corporate Governance Center at the University of Tennessee, Knoxville’s Haslam College of Business. Managing change Read More
Global bank Citi recently announced plans to hire more than 100 employees to join its global internal audit function. The new auditors will be hired at offices in Jacksonville and Wilmington, Del. as the newest strategic locations for the internal audit function in the United States. The open roles will Read More
The latest Global Knowledge Brief from the Institute of Internal Auditors and CaseWare, “Four Steps to Starting Internal Audit’s Data Analytics Journey: Demystifying the world of data analytics,” outlines internal audit leaders’ experiences navigating these key steps, along with recommended tools to guide internal audit functions along the way. It Read More
According to a new survey from Protiviti and NC State University, pandemic-related regulation and market conditions due to COVID-19 remain top concerns for 2022 for board members and C-suite executives. Looking ahead to 2031, business leaders cite workforce and talent-related issues as their primary concern, indicating that the impact of Read More
Chinese companies that list on U.S. stock exchanges must reveal whether they are owned or controlled by a government entity, and provide evidence of their auditing inspections, the Securities and Exchange Commission stated this week. The rule advances a process that could lead to more than 200 companies being delisted Read More
The Securities and Exchange Commission has charged an affiliate of McKinsey & Co. with compliance failures including the misuse of material nonpublic information. The affiliate, MIO Partners, which offers investment options exclusively to current and former McKinsey partners and employees has agreed to pay an $18 million penalty to settle Read More
The Securities and Exchange Commission continues to revamp the Public Company Accounting Oversight Board in the wake of a series of scandals, naming a new chairperson and three new board members. Earlier this week, the SEC named Erica Williams to serve as chair of the PCAOB, which oversees the audits Read More
The ongoing COVID-19 pandemic has created a drain on organizational resources, including in internal audit departments, and unleashed new risks on a global basis. A recent survey finds that internal audit is addressing such challenges by increasing budgets and hiring additional auditors. The survey, conducted by AuditBoard, a cloud-based platform Read More
Legislators in Greece have floated an amendment to legislation that would require internal auditors to register with the Economic Chamber of Greece, a quasi-governmental agency that oversees the professions of economists, accountants, tax professionals, and others. The measure would give the Chamber a greater role in overseeing the internal audit Read More
The Securities and Exchange Commission appears to be making a new effort to pass rules that would require executives to pay back compensation that was obtained by hitting incentive goals that were later found to be false or inaccurate. The rule was included in the Dodd-Frank Wall Street Reform and Read More
