The Department of Defense announced preliminary results of its first ever comprehensive audit earlier this month. It is likely the largest audit of any organization, public or private, ever conducted. The first Defense Department-wide audit covered $2.7 trillion in assets and $2.6 trillion in liabilities for fiscal year 2018, the Read More
As internal audit teams work on their audit plan for 2019, a new report sheds light on where some of the trouble spots are likely to occur for companies, and where internal audit may want to consider focusing its scrutiny and assurance efforts. Last week, technology research firm Gartner issued Read More
The Institute of Internal Auditors has issued a new practice guide to help audit third-party risk management. This latest practice guide informs chief audit executives and their audit teams on how to understand and assess risks related to the use of third-party providers. Risks related to vendors, suppliers, resellers, and Read More
Two leaders of BDO’s Nonprofit & Education Advisory Services practice, Ken Eye and Andrea Wilson, recently provided a list of “top 10 challenges keeping internal auditors up at night, and possible remedies to help continue the critical work.”
Editor’s Note: This is part three of a six-part series we are doing on the Internal Audit Value Chain, which can act as a blueprint for building a successful internal audit function. Click here for the other articles in the series. There are few efforts company leaders love more than Read More
A new report out from the Institute of Internal Auditors’ research arm provides some needed insight on how internal audit can better align itself with the rapidly changing strategic direction of the company. The research, conducted by the IIA’s Internal Audit Foundation, finds that while internal audit has made some Read More
A new survey of the top risks that most concern chief internal auditors finds that cybersecurity and data privacy are among the issues that still cause the most headaches for company officials. The research, conducted by the Chartered Institute of Internal Auditors and based on responses from more than 300 Read More
The Institute of Internal Auditors issued a new guide on insider threat programs that is designed help internal auditors understand insider threats and related risks by providing an overview of common traits of main players, key risks, and potential impacts. The guide also covers security frameworks, techniques, considerations, and resources Read More
The European Union’s new data privacy rules have been in effect for more than two months now, yet many companies haven’t done much to ensure they are abiding by them, according to a recent survey. The poll, conducted by Deloitte during a webcast in late June, found that only about Read More
There’s no debate about the value of using open source software (OSS) when building new business applications—cost, flexibility, quality and ease of use, to name a few—but its use comes with legal obligations and security vulnerabilities that can pose significant risks to organizations. To effectively pre-empt such risks, proactive OSS Read More
