Equifax has agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states and territories, which alleged that the credit reporting company’s failure to take reasonable steps Read More
The IIA, in collaboration with the Internal Audit Foundation and Crowe, conducted a limited survey of IIA members to get a read on current understanding and preparedness around their role in adopting blockchain. The resulting report, Blockchain and Internal Audit, answers the question, “What steps, if any, should the profession Read More
The Institute of Internal Auditors (IIA), a professional association for internal auditors, honored former Global Chairmen Lawrence J. Harrington (2015-16) and Philip D. Tarling (2012-13) with the 2019 Victor Z. Brink Award for Distinguished Service. The award, annually recognizing individuals for their outstanding contributions to the internal audit profession and Read More
The professional association for internal auditors in the United Kingdom and Ireland has issued a draft version today of a new “Code of Practice” that is says will promote more extensive access for internal auditors. The draft, issued by the Chartered Institute of Internal Auditors, is intended to strengthen corporate Read More
The Securities and Exchange Commission filed insider trading charges against Martha Patricia Bustos, a former accountant at Illumina Inc. and a certified public accountant, and her close friend, Donald Blakstad, whom Bustos allegedly illegally tipped with confidential information in advance of her company’s quarterly performance announcements. The alleged insider trading Read More
Internal auditors have always had a role to play in the detection and prevention of fraud. A recent paper from the Institute of Internal Auditors (IIA) looks to shed some more light on just what that role is and how internal audit teams can do a better job at fighting Read More
After a study found that nearly one-in-five internal auditors in South Africa said they would not feel safe if they exposed questionable activities to law enforcement agencies, some internal audit leaders and others are calling on the state to do more to protect internal auditors, in both the public and Read More
A new academic research study indicates that companies with women serving as chief financial officers are significantly less likely to misreport financial results. The study, by three professors from the University of Alabama, a professor from the University of Missouri, and one from St. Louis University used a “financial statement Read More
A few months after stepping into the role, Carey Bryce left her position this week as internal auditor for the city of Columbia, Mo., the city’s Communications Director Steven Sapp confirmed to the Missourian this week. Bryce, who was hired in February, transferred to a business analyst position in Columbia’s Read More
The Institute of Internal Auditors (IIA) has opened a public comment period and is conducting a survey on the widely used “Three Lines of Defense” model, as it considers revising the model to update thinking about how it is applied. The comment period will be open from June 20 to Read More
