While nearly all governance, risk, and compliance (GRC) professionals recognize the importance of organizational culture, it remains virtually unmanaged. That is according to a new report from AuditBoard, an AI-powered global platform for audit, risk, and compliance. While culture is the lens through which every risk, decision, and behavior is Read More
As governments around the world respond to growing geopolitical, social, and macroeconomic uncertainty, chief audit executives are warning that global policy changes are having a profound and negative impact on the risk landscape facing their businesses. New research from the Chartered Institute of Internal Auditors, based on a survey of Read More
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets. The new guidance, which is optional, addresses challenges faced by stakeholders when applying Topic 326, Financial Instruments—Credit Losses, to current accounts receivable Read More
The Institute of Internal Auditors has announced that Stefano Comotti will serve as Chair of the Global Board for 2025 t0 2026. The announcement was made during the IIA’s 2025 International Conference in Toronto. Comotti, who currently works for a listed group in the luxury goods industry, “joins a distinguished rank Read More
Erica Y. Williams has announced her plans to step down as chair of the Public Company Accounting Oversight Board. She will resign her post next week after revealing that she had been asked to resign by Securities and Exchange Commission head, Paul Atkins. The audit firm watchdog has been a Read More
The Institute of Internal Auditors has released a draft version of its Organizational Behavior Topical Requirement, now open for public comment through August 22. Insights gathered will help shape the final document and establish a clear baseline and relevant criteria for providing assurance services related to organizational behavior risks. Developed Read More
Artificial Intelligence literacy tops the list of the 15 fastest-growing skills professionals need to stay competitive in today’s environment, according to a new LinkedIn report. Designed to meet the needs of audit professionals who are facing an evolving tech and compliance landscape with AI at the forefront, ISACA has introduced Read More
The United States House Financial Services Committee approved a bill proposed by the House Republicans to cut funding from the Consumer Financial Protection Bureau and to dissolve the Public Company Accounting Oversight Board into the Securities and Exchange Commission. The legislation received some backlash from Democrats along the way however, Read More
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
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
