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
Big Four audit firm KPMG LLP will pay $50 million to settle Securities and Exchange Commission charges in the KPMG cheating scandal. The SEC had alleged that the firm altered past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Read More
An internal audit at Canadian health provider Sagkeeng Health Centre identified as much as $1.4 million in improper payments to employees and managers. The audit found unwarranted travel allowances, pay for questionable extra duties and for speeding tickets among the items covered by funding for the healthcare organization on Sagkeeng Read More
The Society of Insurance Broking (SIB), a U.K.-based professional association, has issued a new guide for internal auditors to reinforce the hallmarks of a well-structured internal audit function in the industry. While the practice guide is aimed at insurance brokerage firms, it highlights some best practices that are valid for Read More
Like companies in many industries, banks are having a difficult time finding and retaining qualified compliance staffers. In fact, recruiting good compliance professionals has gotten so hard that the U.S. Office of the Comptroller of Currency (OCC) says that it has become a top risk for financial firms, especially regional Read More
The Center for Audit Quality has published a new report on top technology risks and highlights auditor considerations regarding those risks. The resource “Emerging Technologies, Risk, and the Auditor’s Focus,” is intended to help auditors, audit committees, and management get a better handle on the risks and challenges that come Read More
