The following is a guest blog by internal audit Roger Ngong. If you would like to contribute to Internal Audit 360°, please read our contributor guidelines. Let’s talk about trust. Trust is the one indispensable thing in our work as internal auditors, the relationships in our lives, and very likely Read More
Editor’s Note: This is part one of a six part series on the internal audit value chain, which can act as a blue print for building a successful internal audit function. Click here for the other articles in the series. We’ve all heard the many clichéd ways to describe when Read More
An internal audit has found extensive mismanagement within the budget-challenged Washington State athletic department, including the possible inflation of home football attendance figures and the improper distribution of free tickets to football games. “The environment within Athletics … did not support a culture of compliance or fiscal responsibility,” according to Read More
Nike CEO Mark Parker apologized to employees in a speech this week for permitting a corporate culture where some employees felt excluded and management didn’t take complaints seriously, according to a report by CNBC. Multiple executives have left Nike in recent months because of reports of inappropriate behavior and poor Read More
Canadian banks must strengthen governance and control frameworks over sales practices in order to reduce a growing misconduct risk from putting profits ahead of consumer protection. That is the finding of a recent consumer agency review, which focused heavily on banking culture. While the directive only applies to Canadian banks, Read More
In a hyper-partisan world, companies can easily get pulled into political battles, risking alienating customers and suffering reputational damage. It’s time to assess the risks and get it on your risk radar. For internal auditors, political risks have generally meant keeping an eye on the geo-political changes in countries where Read More
The newest release from the Internal Audit Foundation to support high-quality internal audit service delivery is now available. Applying the International Professional Practices Framework (IPPF), addresses the many changes included in the latest version of IPPF, such as a new mission state and the addition of a maturity model and Read More
Robert Rudloff, senior vice president of internal audit at MGM Resorts International, has spent 38 years honing his craft as an internal auditor and leads a 100 person team at the hotel and gaming giant. During that time he has seen rapid change in the profession and has led numerous Read More
Reporting of suspected wrongdoing in organizations has reached a historic high in the United States, but so too have instances of retaliation against those who report violations. Meanwhile, only one in five employees say their company has a strong ethical culture. The percentage of employees who say they have reported Read More
Nearly all large companies have well-considered sexual harassment policies and training on the issue, but many still have big problems in the area. Why? Because the culture of some organizations, set by the behavior of senior executives and managers, undermines those policies and training programs. This fact has important implications Read More
