The Institute of Internal Auditors released a new Global Audit Technology Audit Guide on auditing identity and access management on Wednesday. “Auditing Identity and Access Management” discusses foundational topics of IAM that are intertwined with every organization’s IT governance, application controls, and general controls. The guide is designed to enable Read More
In what appears to be a developing trend, congressional leaders have asked the Federal Communications Commission to conduct a racial diversity and equity audit. Reps. Jamaal Bowman (D-N.Y.), Yvette Clarke (D-N.Y.), and Brenna Lawrence (D-Mich.) penned a letter to the FCC requesting an assessment of whether the agency’s policies and Read More
The Ohio Auditor’s office uncovered enough fraud in the state’s unemployment system to prompt a separate audit while simultaneously investigating the state agency that oversees unemployment assistance payments. To date, a total of $2 billion in fraudulent payments have been identified. A full audit report will be released in September. Read More
A group of bipartisan senators continued the decades long tradition of calling for a clean financial audit from the Department of Defense. In a letter to the Pentagon’s Chief Financial Officer, Michael McCord, the senators called attention to the thousands of outstanding recommendations from internal auditors and the limited progress Read More
In the wake of heavily increased levels of unemployment benefits provided across the country as part of COVID-19 relief packages, more states are uncovering flawed payments or abuses of the system. Mississippi is the latest state to announce that an audit found problems with unemployment benefits. State auditor Shad White Read More
The Institute of Internal Auditors and AuditBoard announced the expansion of their Elevate Internal Audit Scholarship Program to provide scholarships for internal auditors interested in attaining Certified Internal Auditor (CIA) status. This program expansion empowers qualified individuals to receive the training and testing necessary to achieve the CIA, the only Read More
The Securities and Exchange Commission is reportedly investigating former Public Company Accounting Oversight Board chairman, William Duhnke, over his handling of internal complaints. Whistleblowers have alleged that Duhnke created “a sense of fear” and intimidation within the agency, according to reports. The former chairman also came under fire during his Read More
As India strives towards a new age of financial transparency and efficiency, fraud and corruption still pose big threats to economic advancement. In an effort to combat this reality, the Ministry of Corporate Affairs will require more disciplined recording of financial transactions by companies, including a detailed edit log of Read More
Big Four firm KPMG has launched a Board Diversity Disclosure Benchmarking Tool. Powered by data analytics firm Esgauge, the free tool lets corporate leaders, investors, staff, and other professionals compare corporate board diversity practices by sector, stock index, and company size to analyze trends and compare companies. “Diverse boards are more effective, Read More
The American Institute of CPAs and the Center for Audit Quality submitted comments to the Securities and Exchange Commission expressing support for improved climate change disclosures by companies. The SEC requested input regarding expanded climate change disclosure requirements in a public letter in March. The SEC is ramping up its Read More
