Pizza restaurant chain Papa John’s has hired mega law firm Akin Gump to conduct an independent audit of the company’s programs for diversity and inclusion, as well as the company’s culture. The move comes after the company’s chairman and founder, John Schnatter, resigned earlier this month over allegations that he Read More
Companies are moving to add more automation to their internal controls over financial reporting and plan to increase their investment in automation of ICFR in the next 6-to-18 months, according to a new study. The survey, conducted by the Financial Executives Research Foundation (FERF), found that more than 80 percent Read More
One of the country’s most well-known and respected internal auditors is retiring after a bright career of working to improve the state of the internal audit profession. Larry Harrington will step down as vice president of internal audit of Raytheon on September 4. He will be succeeded by Jeanette Hughes, Read More
Dow Chemical has agreed to pay $1.75 million to settle charges that it failed to properly disclose around $3 million in perks for former CEO Andrew Liveris in its proxy statements. The Securities and Exchange Commission said Dow applied an incorrect standard in deciding not to disclose perks including personal Read More
Gov. Jerry Brown signed the California Consumer Privacy Act of 2018 last week, hours after its unanimous approval by the State Assembly and Senate. When it takes effect, it will be the toughest data privacy law in the United States, with many similar provisions as the European Union’s General Data Read More
The Securities and Exchange Commission voted last week to expand the definition for companies to qualify for the “smaller reporting company” (SRC) status, thereby increasing the number of companies that don’t need to meet the stiffer disclosure rules required of larger companies. The new smaller reporting company definition enables a Read More
In a consent order signed with eight states, credit reporting agency Equifax agreed to adopt several measures to shore up weaknesses across a wide spectrum of its IT and data security operations. The order includes a provision to beef up its internal audit program. It requires better assessments of internal Read More
Editor’s Note: This is part two of a six-part series on the Internal Audit Value Chain, which can act as a blue print for building a successful internal audit function. Click here for the other articles in the series. Whenever it comes to talking about internal audit’s role in risk Read More
A new study from Deloitte indicates that it might be time to audit the crisis management plan. The study based on responses of 523 senior executives involved in risk, crisis management, and business continuity finds just 17 percent say their organizations have tested their crisis response plans. That’s way to Read More
A definitive guide to producing, using, and improving a risk heat map at your organization. A good risk assessment is an important part of the process of putting together a solid internal audit plan. But gathering risk information from throughout the company and organizing it into manageable and actionable material Read More
