Laura Soileau, the Institute of Internal Auditor’s (IIA) 2021-2022 North American Board chairperson, said in an article that getting younger individuals hooked on internal auditing is key to the sustainability of the profession. A big focus of Soileau’s in her new role will be investing in the next generation of Read More
Due to inflationary pressures, COVID-19 impacts, and acquisitions and divestitures, external audit fees are expected to increase at many organizations this year, a new survey finds. While the survey, conducted by Gartner, found that 62 percent of companies said they expect their external audit fees to increase this year, it Read More
The Massachusetts Office of State Auditor (OSA) released an audit showing improvements in oversight of lottery sales and game integrity at the Massachusetts State Lottery Commission (MSLC), television news station WWLP reported. The audit, which studied April 2019 through March 2020, found deficiencies in criminal background record checks for lottery Read More
On Friday, the Securities and Exchange Commission announced the removal William Duhnke from the Public Company Accounting Oversight Board (PCAOB) without providing a reason for his dismissal in the official press release. The PCAOB regulates audits conducted on publicly traded companies. Board member Duane DesParte will serve as the acting Read More
With a large potential payout on the horizon for the Commodity Futures Trading Commission (CFTC), the Senate reached a bipartisan agreement to pass a bill that temporarily creates a separate account to pay for the agency’s whistleblower program, the Wall Street Journal reported. “The CFTC whistleblower program has become far Read More
Investors and regulators are pushing for more comprehensive and uniform reporting on environmental, social, and governance (ESG) efforts. Some organizations are even tying incentive compensation metrics to ESG goals. In March, the Securities and Exchange Commission said it would be looking more closely at ESG disclosures and also announced the Read More
Supporting greater attention on the important issue of sustainability, The Institute of Internal Auditors (IIA) delivered a message to U.S. Securities and Exchange Commission Chair Gary Gensler last week, encouraging uniform climate disclosure by corporations and recognition of the role internal audit plays in providing assurance around complete, accurate, and Read More
A bleak analysis of the Denver Regional Transportation District’s (RTD) internal audit division was shared earlier this month with RTD’s board, which pledged to make immediate changes. The report, conducted as a peer review by the American Public Transportation Association (APTA), did not pull punches. The report listed 17 Read More
President Biden signed an executive order Wednesday aimed at hardening the federal government’s cybersecurity defenses, as his administration tackles a slew of overlapping cyber hacks, including a ransomware attack on a major fuel artery that has caused gas shortages in at least seven states across the Southeast. The executive order Read More
AuditBoard, a cloud-based platform for managing audit, risk, and compliance programs, announced that it is partnering with former president and CEO of the Institute of Internal Auditors, Richard Chambers. He will hold the role of senior internal audit advisor at AuditBoard. “This relationship establishes a dynamic pairing of two industry Read More
