These are strange days. Many of us may feel like we are living out a dystopian movie as we walk around the neighborhood waving to neighbors, but knowing we can’t stop to chat and must keep at least six feet away. Grocery shopping has become an act of courage, and Read More
The Institute of Internal Auditors (IIA) will begin providing online testing early next month for all three parts of its Certified Internal Auditor (CIA) exam and for its exam to earn a Certification in Risk Management Assurance (CRMA). The professional association said it will begin offering the tests online, “to Read More
Due to the coronavirus stay at home orders, conducting actual inventory counts that might be required by an internal audit can be very difficult. In many areas right now, we are likely unable to go out to a client location and physically observe inventory like we’ve done in the past. Read More
Even before the coronavirus outbreak, it was clear that in today’s hyper-connected world, risks are moving faster than ever. As we see with the pandemic, a catastrophic event or set of circumstances can spring up quickly and change everything. While the coronavirus crisis brings with it a special set of Read More
For internal auditors, there may be nothing as frustrating as going back to an audit and finding the same deficiencies and problems year after year, audit after audit. It’s not uncommon for process owners and units to ignore audit findings and fail to make the recommended changes or fixes. When Read More
GUEST BLOG Nearly every internal auditor has a few stories to tell about audits that have gone off the rails. Most have encountered audit clients that can run the gamut from guarded, to uncooperative, to out-right hostile. Breaking through these difficult working environments and putting audit clients at ease is Read More
Cyrptocurrencies, like Bitcoin and Ethereum, have their supporters and their naysayers. No matter what you think about the usefulness of these virtual currencies, however, their emergence has given rise to an underlying technology that nearly everyone agrees will be invaluable to the future of finance and accounting: Blockchain. While blockchain Read More
It’s February and the holidays are behind us, winter is in full swing, and many of our New Year’s resolutions to get to the gym more often or do a better job saving money have fallen by the wayside. It’s not too late, however, to set some goals for internal Read More
The Chartered Institute of Internal Auditors released its long-awaited new Internal Audit Code of Practice, to serve as a guide to practices and standards of internal audit professionals in the United Kingdom and Ireland. The professional organization says the new code will increase the effectiveness of internal audit functions and Read More
F or many internal auditors, 2019 was a transitional and eventful year. Most internal audit shops are still coming to grips with some big underlying shifts in internal audit. The biggest trends continue to stem from the acceleration in the use of technology to fulfill internal audit’s objectives. Some other Read More
