The Institute of Internal Auditors has released a new guide to help internal auditors assess the risk management process, one of the fundamental audits that internal audit must conduct. The IIA says the latest practice guide will help chief audit executives navigate an evolving risk management environment and deliver on Read More
Health care providers have some new guidance on adopting a solid internal control framework. The Committee of Sponsoring Organizations (COSO), along with advisory firm Crowe LLP and Common Spirit Health have published an updated version of its COSO Integrated Framework specifically for the health care provider industry. COSO says the Read More
Global consulting firm Protiviti has expanded its member firm network to South Africa. The provider of internal audit services announced today that it has added SekelaXabiso CA (SkX) as its newest member firm. SkX is one of the largest internal audit and risk consulting firms in South Africa with more Read More
A seminal guide for structuring internal audit and carrying out internal audits is getting a refresh. First published in 1973, Sawyer’s Guide for Internal Auditors emphasizes the philosophy that internal auditors should watch for emerging trends. In this significantly revamped update, Sawyer’s Internal Auditing: Enhancing and Protecting Organizational Value, 7th Read More
Nearly two-thirds of corporate controllers feel pressure to “cook the books,” according to a new international survey, and many of them feel that misrepresenting their company’s performance is just part of their job. The survey, by FloQast, a provider of close management software for corporate accounting departments, found that 64 Read More
The most recent skirmish in the ongoing battle between Lyft and Uber played out in the finance and internal audit executive offices of the ride sharing services. Today, Lyft announced in a blog post that it had hired away Michelle DeBella, who, until last month, had been global head of Read More
The Securities and Exchange Commission has settled charges against four public companies for failing to maintain internal control over financial reporting (ICFR) for several annual reporting periods. Two of the charged companies also failed to complete the required evaluation of the effectiveness of ICFR for two consecutive annual reporting periods. Read More
An internal investigation launched at the behest of the audit committee of USA Technologies, a cashless payments processor for vending machines, has found revenue recognition and other accounting problems. The company is working to remediate the problems and enhance internal controls and governance. The probe found that for some transactions Read More
The Defense Department has long known that weaknesses in its information technology systems are a major reason it’s never been able to successfully undergo a financial statement audit. But now that the entire department has been through a full audit for the first time, the results paint a clear picture Read More
Philippines President Rodrigo Duterte launched a tirade against the country’s Commission on Audit, which he claims is hampering the work of his administration. In a speech in Manila, Duterte, who is known for incendiary rhetoric, railed against state auditors in an expletive-filled rant. The Commission on Auditing, known as the Read More
