In the 19th edition of its Internal Auditing Around the World profile series, global consulting firm Protiviti has published insights from its interviews with chief audit executives (CAEs) from some of the world’s best-known companies. Amid economic unrest, quickly evolving regulations, a fast-moving risk landscape and rising stakeholder expectations, the Read More
The federal government’s focus on the construction industry is growing as more construction companies benefit from the Infrastructure Investment and Jobs Act (IIJA). The IIJA was signed into law by President Joe Biden on Nov. 15, 2021, and is funneling millions of dollars into infrastructure improvement projects. Now, the government Read More
Just as in any other industry, the financial industry has its fair share of questionable behavior, and then some. For this reason, an alphabet soup of regulatory oversight — and accompanying fines for non-compliance, violations, and even fraud — exist to keep financial institutions in line. Regulatory bodies like the Read More
According to a new report, internal audit leaders say that organizational culture is among the biggest contributors to wrongdoing at their entities, as well as the biggest defense to keeping it from happening. It also finds, however, that companies are still not making it a priority to assess the organizational Read More
For many internal auditors, the audit committee is a bit of an enigma. Most of us help the chief audit executive (CAE) or other internal audit leader with materials and content to provide to this subgroup of the board of directors. Much of our work, in summary fashion, ends up Read More
The Federal Trade Commission has filed a complaint against Amazon.com after the e-commerce company allegedly enrolled consumers into its Amazon Prime program for years without their consent “while knowingly making it difficult for consumers to cancel their subscriptions,” the FTC said. According to the FTC’s complaint, filed June 21 in Read More
The movie Forrest Gump is an acclaimed and universally known film. It received 13 Academy Award nominations and took home six Oscars, including Best Picture, Best Actor in a Leading Role, and Best Director. In 2011, the movie was added to the National Film Registry of the Library of Congress Read More
Republican Gov. Kim Reynolds signed a bill into law that restricts the Iowa state auditors’ access to certain types of information. Critics of the law say it will hinder the ability of state auditors to investigate wrongdoing and fraud at state agencies. The law prohibits the state auditor from taking Read More
In today’s lightning-fast business environment, the ability to effectively manage risks on the fly is crucial for the long-term success and sustainability of any company. Traditionally, companies have relied on conducting periodic risk assessments, often on an annual or semi-annual basis. With the dynamic nature of risks in today’s business Read More
Audit firm watchdog, the Public Company Accounting Oversight Board (PCAOB), is seeking public comment on a proposal aimed at increasing auditor vigilance against fraud and other forms of noncompliance with laws and regulations. If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual wrongdoing and Read More
