GUEST BLOG Editor’s Note: The views expressed here are the opinions of the author. In March, the Institute of Internal Auditors released a draft version of an overhaul of its professional practice standards and framework that intend to guide the behavior and actions of internal auditors as they carry out Read More
Reports of mismanagement and voucher fraud at the D.C. Housing Authority (DCHA) continue to pile up, At-large Councilmember Robert White insisted at a press conference on March 30. White, who has chaired the council’s Housing Committee since January, highlighted four instances of alleged wrongdoing within DCHA — three of which Read More
We’ve all heard it: “I want this issue to be resolved even more than you do,” a senior member of management told me during a phone conversation following-up on an open audit finding. I was relieved, believing that the higher-ups had finally understood the gravity of not taking action on Read More
GUEST BLOG POST Over recent years, I have found myself watching various specials on TV about the mythical Bigfoot creature. Blurry, distant images of ‘blob squatches’ collected in almost every state can fascinate even the biggest skeptic. We all want to see the evidence, the proof that the big guy Read More
The Public Company Accounting Oversight Board (PCAOB) announced that it has censured Friedman LLC, a New York-based accounting firm, and imposed a $100,000 civil penalty for the firm’s failure to reasonably supervise two unregistered Chinese affiliate firms in audits of 12 different public companies with operations in China. Friedman consented Read More
The LSU Center for Internal Auditing, a university-based internal audit education program, is expanding to include a greater focus on cybersecurity risk and environmental, social, and governance (ESG) issues. In recognition of these changes, the program has been renamed the LSU Center for Internal Auditing & Cybersecurity Risk Management (LSUCIA&CRM). Read More
The Institute of Internal Auditors (IIA) inducted three of its members into its “Hall of Distinguished Audit Practitioners,” during its annual General Audit Management conference this week in Grapevine, Texas. “The IIA honored three individuals who have made significant contributions to the internal audit profession with induction to the American Read More
The internal audit profession faces stiff competition for talent, especially talent capable of addressing a broadening array of risks and well-versed in emerging technologies that can drive the function into the future, according to a recent survey. Protiviti’s 2023 Next-Generation Internal Audit Survey found that 43 percent of chief audit Read More
GUEST BLOG POST Assessing the level of any business risk is not nearly as simple as most appear to make it. Just look at any risk register or heat map (or “risk profile” in COSO language, which is the same thing) and you will see a single point for each Read More
The Institute of Internal Auditors (IIA) released a draft on proposed changes to the International Professional Practices Framework (IPPF) for public comment, with focus on the International Standards for the Professional Practice of Internal Auditing. The 90-day public comment period opens today and runs through May 30. The public comment Read More
