Category: News Roundup

These are brief synopses of news items that have been covered by other sites. They include a few paragraphs and a link to the fully contained article on another site.

NIST Updates Privacy Framework

Five years after debuting guidelines that can help organizations balance the goals of using information while protecting individual privacy, the National Institute of Standards and Technology (NIST) has drafted a new version of the NIST Privacy Framework intended to address current privacy risk management needs, maintain alignment with NIST’s recently Read More

Knox County Tenn.

Internal Audit Sparks Investigation into Spending at Tenn. County

If not for an anonymous call to Knox County’s waste, fraud, and abuse hotline, the investigation into misuse of taxpayer dollars and leased vehicles by Knox County Trustee Justin Biggs and some staffers might never have been launched. Justin Biggs and his staff were reimbursed $4,716.59 that exceeded the county Read More

Institute of Internal Auditors

RIMS and IIA Reach Agreement to Share Education Resources

As expectations rise for both risk management professionals and internal auditors, RIMS, the risk management society, and The Institute for Internal Auditors have entered into an agreement to provide both professional communities with greater access to career-building and program-advancing learning experiences. RIMS and The IIA will offer their respective memberships Read More

Auditing Risk Management

Top Five Use Cases for Applying GenAI in Risk Management

Risk management teams can increase their efficiency and drive better risk insight and mitigation by using generative AI tools in five ways, according to Gartner, an IT research and advisory firm. “GenAI offers ERM teams a unique opportunity to expand their capabilities without significant investments,” said Joel Backaler, Director Analyst Read More

PwC Logo

PwC Unit Penalized for Manipulating Compliance Reporting

The Public Company Accounting Oversight Board announced that PricewaterhouseCoopers Singapore agreed to pay $1.5 million for violations of PCAOB rules and quality control standards. The violations arose from the Firm’s failure to have appropriate policies and procedures over its Personal Independence Compliance Testing (PICT) process and to foster an appropriate ethical Read More

OSU internal audit

Internal Audit Finds Issues in Management of Funds at Oklahoma State U.

About a month after the surprising resignation of Oklahoma State University President Kayse Shrum, an internal audit released by OSU after an open-records request found “significant issues in the allocation and management of legislatively appropriated funds” at the university. Among the findings of the audit – released Wednesday, two days Read More

FCPA

Trump Suspends FCPA Enforcement, Advisers Urge Cautious Response

President Donald Trump signed an executive order that directs the Attorney General, Pam Bondi, to cease enforcement of the Foreign Corrupt Practices Act (FCPA) a law that prohibits American companies from bribing foreign officials. President Trumps said he believes that by issuing such an order, he will restore American competitiveness Read More

Cybersecurity programs

The IIA Releases Cybersecurity ‘Topical Requirement’

The Institute of Internal Auditors has released the Cybersecurity Topical Requirement, the first of several “Topical Requirements” to be published this year. Incorporating feedback from global practitioners and stakeholders, the Cybersecurity Topical Requirement provides a baseline approach to assessing the design and implementation of cybersecurity governance, risk management and control Read More

CAEs face board scrutiny

Chief Audit Execs Will Face Increased Board Scrutiny in 2025

W ith the rise of AI and regulatory uncertainty, Chief Audit Executives (CAEs) are expected to face mounting pressure from the board to address emerging risks and strengthen mitigation efforts. According to Gartner, a technological research and consulting firm, as AI has emerged as both a valuable business asset and Read More