A special investigation of the University of Iowa Health Care and Clinics’ Care Coordination Division found that more than $16,000 of gift cards were unaccounted for, the Iowa Auditor of State reported Tuesday. University of Iowa officials requested the special investigation for the period of August 2012 through 2020 since Read More
A new report finds that despite the growth of digital risks, many risk management programs are not maturing quickly enough to keep pace. The study, 2022 Digital Risk Maturity Survey, conducted by AuditBoard—which provides audit, risk, and compliance management platforms—finds that while more than 90 percent of respondents have digital Read More
The Institute of Internal Auditors has announced that it is supporting new rules proposed by the Securities and Exchange Commission that would require public companies to say much more about their environmental, social, and governance initiatives. “The Institute of Internal Auditors applauds this week’s release by the U.S. Securities and Read More
A new survey found that two-thirds of organizations have an ESG program in place and another 24 percent have plans to implement one. However, only half (51 percent) of organizations that report on ESG obtain some level of assurance from their internal audit functions. So while companies may be listening Read More
With technological advancements in the new millennium, internal auditors progressively enhanced the use of laptops, tablets, smartphones, data analytics tools, and web-based cloud applications for performing their in-scope agreed-upon procedures. A very recent emerging technological development that has surfaced for enhancing the effectiveness of the internal audit function is the Read More
The Securities and Exchange Commission has proposed two amendments to the rules governing its whistleblower program. The first proposed amendment concerns award claims for related actions that would be otherwise covered by an alternative whistleblower program. The second affirms the Commission’s authority to consider the dollar amount of a potential Read More
Amid growing concerns over governance issues, India fintech company BharatPe announced that it would be conducting an independent audit of its internal process and systems. The development comes just days after its founder Ashneer Grover took voluntary leave after an audio clip surfaced that exposed a fight between Grover and Read More
A new report hopes to provide more clarity around the roles of internal audit and compliance, as they each work to fulfill separate but related duties without too much overlap and interference. The report, which is part of the Institute of Internal Audit’s Global Perspectives & Insights series, explains why Read More
The overall effectiveness of corporate governance among publicly traded companies declined slightly in 2021, according to data from the third annual American Corporate Governance Index (ACGI) from the Institute of Internal Auditors and the Neel Corporate Governance Center at the University of Tennessee, Knoxville’s Haslam College of Business. Managing change Read More
Global bank Citi recently announced plans to hire more than 100 employees to join its global internal audit function. The new auditors will be hired at offices in Jacksonville and Wilmington, Del. as the newest strategic locations for the internal audit function in the United States. The open roles will Read More
