As internal audit teams work on their audit plan for 2019, a new report sheds light on where some of the trouble spots are likely to occur for companies, and where internal audit may want to consider focusing its scrutiny and assurance efforts. Last week, technology research firm Gartner issued Read More
The Securities and Exchange Commission pursued an increased number of enforcement actions in fiscal year 2018 and fined companies and individuals nearly $4 billion in the same period. The SEC said in its annual report that total enforcement actions totaled 821, up 9 percent from 754 in fiscal 2017. Meanwhile, Read More
The Institute of Internal Auditors has issued a new practice guide to help audit third-party risk management. This latest practice guide informs chief audit executives and their audit teams on how to understand and assess risks related to the use of third-party providers. Risks related to vendors, suppliers, resellers, and Read More
Some talk about opportunity as “the other side of the coin” from risk. One is good and the other bad. That is how COSO views the two words, risk and opportunity. ISO sees them differently, though, defining risk as the effect on objectives. That effect could be positive or harmful. Read More
Two new separate analyses by research firm Audit Analytics, finds that even as the use of non-GAAP metrics is growing, the topic has dominated SEC enforcement efforts with a high percentage of SEC comment letters referring to potential misuse of non-GAAP metrics.
A new survey of chief audit executives in the United Kingdom finds that more than one in three organizations has yet to do any Brexit scenario planning, despite the impending deadline for the U.K. to leave the EU. According to the Brexit Preparedness Survey, conducted by the Chartered Institute of Read More
The Securities and Exchange Commission has issued an investigative report urging public companies to consider cyber-threats when implementing internal accounting controls.
Despite record spending on cybersecurity, a new study finds that IT security breaches remain at epidemic levels. According to a new report conducted by Osterman Research, a whopping 70 percent of the more than 200 medium and large organizations surveyed reported being the victim of at least one successful cyber-attack Read More
The U.S. Justice Department will put more consideration into whether or not a monitor is needed to oversee that a company is abiding by promises it makes in settlement agreements.
Tone at the top is about humanity and not about words like compliance and regulation. It is about doing the right thing and we all know what that is in our hearts. It is about treating people with dignity and respect.
