In the 19th edition of its Internal Auditing Around the World profile series, global consulting firm Protiviti has published insights from its interviews with chief audit executives (CAEs) from some of the world’s best-known companies. Amid economic unrest, quickly evolving regulations, a fast-moving risk landscape and rising stakeholder expectations, the Read More
The federal government’s focus on the construction industry is growing as more construction companies benefit from the Infrastructure Investment and Jobs Act (IIJA). The IIJA was signed into law by President Joe Biden on Nov. 15, 2021, and is funneling millions of dollars into infrastructure improvement projects. Now, the government Read More
The Federal Trade Commission has filed a complaint against Amazon.com after the e-commerce company allegedly enrolled consumers into its Amazon Prime program for years without their consent “while knowingly making it difficult for consumers to cancel their subscriptions,” the FTC said. According to the FTC’s complaint, filed June 21 in Read More
Republican Gov. Kim Reynolds signed a bill into law that restricts the Iowa state auditors’ access to certain types of information. Critics of the law say it will hinder the ability of state auditors to investigate wrongdoing and fraud at state agencies. The law prohibits the state auditor from taking Read More
The Institute of Internal Auditors (IIA) has shared a legislative proposal with Congress designed to promote stronger corporate governance, greater transparency and accountability, and enhanced investor protections at cryptocurrency exchanges operating in the United States. The legislation was shared alongside a letter from Anthony Pugliese, President and CEO of The Read More
The United Kingdom’s Financial Reporting Council (FRC) has unveiled plans to revise its Corporate Governance Code for the first time in five years, aiming to increase accountability among U.K. boards and management teams. The regulator’s proposals comes on the heels of Britain’s long-awaited response to a suggested shake-up of the Read More
The Securities and Exchange Commission has issued its largest-ever award, a staggering $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions, the regulatory agency said Friday in a statement. This is the highest award in the SEC’s whistleblower program’s history, Read More
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the Association of Certified Fraud Examiners (ACFE) jointly announced the release of the Fraud Risk Management Guide: Second Edition, a new publication that offers a blueprint for helping organizations establish an overall Fraud Risk Management Program. The Guide updates Read More
A bill limiting the state auditor’s access to certain information heads to Governor Kim Reynolds’ desk this week, despite concerns from Democrats and auditing groups that the measure will hamper investigations of waste and fraud and put federal funding at risk. The bill limits the state auditor’s ability to access Read More
The U.K. Financial Reporting Council (FRC) announced it has launched two separate investigations in relation to audits conducted by Ernst & Young. On April 20, the FRC said it has commenced an investigation in relation to an audit conducted by Ernst & Young of the consolidated financial statements of Made.com Read More
