Professional standards are often interesting documents. Typically they offer a set of core principles that are intended to act as a beacon of light to guide behaviors and decision-making among the noble practitioners and workers who toil under the given occupation’s collective flag. These professional standards or codes of conduct Read More
It’s no secret that companies have been adopting a more data-centric approach to managing risk and compliance and to improving internal audit. They are installing fancy software packages and hiring data analytics experts to help them sift through oceans of valuable data to look for patterns and outliers. But some Read More
Tone at the top is about humanity and not about words like compliance and regulation. It is about doing the right thing and we all know what that is in our hearts. It is about treating people with dignity and respect.
While Internal Audit 360° is a completely non-political entity, we are, at heart, editors and journalists, and we believe whole-hardheartedly in the idea of a free and unencumbered press. When a leader calls the press “the enemy of the people” we feel a need to speak up and disagree. We Read More
The internal audit profession is changing rapidly these days and the exact role of the auditor is in flux as they seek to retain influence in the organization. The internal audit function’s main objective is to add value to the organization through recommendations and audits, based on a systematic, disciplined Read More
More companies are providing compliance and ethics training for board members in light of the recent string of sexual harassment charges at several organizations and the emergence of the #MeToo campaign, according to a new report. But many companies still provide little or no specific sexual harassment training to directors, Read More
Internal auditors are seeing their audit reports get “diluted or suppressed” by senior executives or even having their careers derailed when they raise red flags within large corporations, according to an Australia internal auditor. The allegations, by Peter Jones, head of the Institute of Internal Auditors’ Australia chapter, comes in Read More
Elizabeth Johnstone, the chairman of the ASX Corporate Governance Council in Australia, has a frank message for internal auditors: stop being intimidated by company executives and board members. While Johnstone was addressing risk and governance failures in Australia, including multiple scandals at the Commonwealth Bank of Australia, her words serve Read More
In another case of alleged rigging of audit inspections, the Public Company Accounting Oversight Board has banned two former chief executives at Deloitte’s Turkey practice for their roles in a plan to alter documents ahead of a 2014 inspection of three audit engagements. The accounting watchdog said the former senior Read More
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
