It might be time for a data governance and compliance audit. A new survey by ISACA finds that more than two out of three companies aren’t fully prepared to comply with the European Union’s new General Data Protection Regulation (GDPR), which creates new rules for how companies manage and protect Read More
Don’t be surprised if the U.S. Customs and Immigration Enforcement agency comes knocking on your company’s door to conduct an inspection. ICE has ramped workplace inspections way up, increasing audits and arrests as part of an effort to find illegal workers and discourage businesses from hiring them, data released by Read More
The following is a guest blog by internal audit Roger Ngong. If you would like to contribute to Internal Audit 360°, please read our contributor guidelines. Let’s talk about trust. Trust is the one indispensable thing in our work as internal auditors, the relationships in our lives, and very likely Read More
As an investigation continues into a scandal involving a failed incentive plan to encourage homeowners in Northern Ireland to adopt renewable energy, an internal auditor is taking a measure of responsibility. Elaine Dolan, former senior auditor of Northern Ireland’s Department of Enterprise, Trade, and Investment (DETI), which administered the Renewable Read More
Former athletic director Mark Hollis and his staff failed for years to fix lax financial oversight in Michigan State University’s athletic department, according to internal audits that reported some of the same problems year after year. An MSU spokeswoman said auditors found no evidence of fraud and the audits mention Read More
Audits of the extended enterprise can yield benefits, such as greater flexibility, innovation, brand confidence, and even revenue gains. There are big risks lurking in your supply chain and in interactions with the vast network of third parties with whom companies do business. A new survey by Deloitte finds that Read More
Editor’s Note: This is part one 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. We’ve all heard the many clichéd ways to describe when Read More
The Institute of Internal Auditors’ (IIA) 2018 International Conference in Dubai, United Arab Emirates, begins today with a program that will address highly topical, global issues impacting the internal audit profession. The internal audit conference is estimated to be the largest gathering of internal auditors ever. The conference will take Read More
OK, so it might not quite have the gravitas of Breast Cancer Awareness Month (October) or Black History Month (February), but May—along with being associated with celebrating motherhood—is Internal Audit Awareness Month. The goal of the campaign is to raise awareness and showcase the internal audit profession in a positive Read More
Japan-based electronics company Panasonic will pay more than $143 million to settle charges with the Securities and Exchange Commission of violating the Foreign Corrupt Practices Act (FCPA) and engaging in accounting fraud involving its global avionics business. It further charged the company of having insufficient internal controls, which has become Read More
