New survey results from the Ponemon Institute are likely to send shivers down the spines of IT auditors, cybersecurity professionals, and risk managers. The alarming results say companies are losing the battle to protect digital assets and intellectual property from hackers and online thieves. Here’s the lowlights: A whopping 82 Read More
Dun & Bradstreet Corp. has agreed to pay more than $9 million to resolve Foreign Corrupt Practices Act charges arising from improper payments made by two Chinese subsidiaries, according to a statement from the Securities and Exchange Commission issued this week. The business data company also announced that it had Read More
The Institute of Internal Auditors is waiving the application fee for the Certified Internal Auditor credential and offering a discount on CIA exam prep resources for the month of May, which is Internal Audit Awareness Month. The certification demonstrates proficiency and professionalism in internal audit, while encouraging elevated trust and Read More
In a hyper-partisan world, companies can easily get pulled into political battles, risking alienating customers and suffering reputational damage. It’s time to assess the risks and get it on your risk radar. For internal auditors, political risks have generally meant keeping an eye on the geo-political changes in countries where Read More
Last week, Canada-based gold mining company, Kinross Gold, settled a Foreign Corrupt Practices Act case with the Securities and Exchange Commission by agreeing to pay just shy of $1 million. While the SEC did not pursue the case on evidence of actual bribery, it did hit Kinross with charges of Read More
Robert Rudloff, senior vice president of internal audit at MGM Resorts International, has spent 38 years honing his craft as an internal auditor and leads a 100 person team at the hotel and gaming giant. During that time he has seen rapid change in the profession and has led numerous Read More
A trio of internal audit studies published recently indicate that internal audit departments in the United States have a big technology problem. Internal audit is generally behind the times when it comes to adopting leading-edge technology, the reports find. The studies shed some needed light—along with some dire warnings—on why Read More
Years back, internal audit sat among the less desirable roles for upwardly mobile financial professionals. Some even considered it the dumping ground of finance, where under-performers were shelved while more promising young hires were put into what they perceived as more exciting positions. Post Enron, of course, the situation changed Read More
Reporting of suspected wrongdoing in organizations has reached a historic high in the United States, but so too have instances of retaliation against those who report violations. Meanwhile, only one in five employees say their company has a strong ethical culture. The percentage of employees who say they have reported Read More
The Securities and Exchange Commission announced its Largest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was $30 million, which the securities regulator awarded in 2014. “These awards demonstrate that whistleblowers can provide the SEC Read More
