GUEST BLOG As a consultant, I review internal audit departments at multiple financial services organizations each year while conducting Quality Assurance Reviews. While my goal for these reviews is to help the internal audit become more efficient and effective, I also focus on providing reasonable assurance that the departments are Read More
A bill limiting the state auditor’s access to certain information heads to Governor Kim Reynolds’ desk this week, despite concerns from Democrats and auditing groups that the measure will hamper investigations of waste and fraud and put federal funding at risk. The bill limits the state auditor’s ability to access Read More
The U.K. Financial Reporting Council (FRC) announced it has launched two separate investigations in relation to audits conducted by Ernst & Young. On April 20, the FRC said it has commenced an investigation in relation to an audit conducted by Ernst & Young of the consolidated financial statements of Made.com Read More
Augusta, Georgia city departments appear likely to get an internal forensic audit after leaders found out in the past month that the city owes the IRS at least $2 million. In an Augusta Commission committee meeting this week, commission member Catherine Smith McKnight pressed forward with a motion for next Read More
A few weeks ago, I met with a self-described “introverted” business leader. This business leader confided to me that introverted individuals have a harder time climbing the corporate ladder. The individual went further in claiming that recent research shows that it is worst for women, as introverted women are seen Read More
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
