Activision Blizzard, one of America’s largest video game developers, has received widespread criticism from several employees and a lawsuit in California for what some call a “frat boy” workplace culture. Now its CEO is promising a full review and series of initiatives to address the problems. Employees at the video Read More
Soon after NASA launched the Hubble Space Telescope into Earth’s orbit in 1990, scientists discovered, to their dismay, that the telescope’s primary mirror was flawed. The mirror, built to exacting specifications by an outside contractor, was ground 1/450 millimeters too flat, drastically reducing Hubble’s usefulness and the quality of its Read More
As organizations continue to collect customer and employee data, chief audit executives are becoming increasingly concerned about how their organizations govern and protect it, according to a new report from research and advisory firm Gartner. According to Gartner’s annual Audit Plan Hot Spots Report, data governance has risen to the Read More
An internal audit of marketing practices at the U.S. unit of Korean electronics giant Samsung may have found some unsavory business practices. According to a report in the Wall Street Journal, Samsung abruptly laid off several marketing employees shortly after an internal audit report was released inside the company that 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
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
Pizza restaurant chain Papa John’s has hired mega law firm Akin Gump to conduct an independent audit of the company’s programs for diversity and inclusion, as well as the company’s culture. The move comes after the company’s chairman and founder, John Schnatter, resigned earlier this month over allegations that he Read More
As an investigation continues into a scandal involving a failed incentive plan to encourage homeowners in Northern Ireland to adopt renewable energy, an internal auditor is taking a measure of responsibility. Elaine Dolan, former senior auditor of Northern Ireland’s Department of Enterprise, Trade, and Investment (DETI), which administered the Renewable Read More
Audits of the extended enterprise can yield benefits, such as greater flexibility, innovation, brand confidence, and even revenue gains. There are big risks lurking in your supply chain and in interactions with the vast network of third parties with whom companies do business. A new survey by Deloitte finds that Read More
New survey results from the Ponemon Institute are likely to send shivers down the spines of IT auditors, cybersecurity professionals, and risk managers. The alarming results say companies are losing the battle to protect digital assets and intellectual property from hackers and online thieves. Here’s the lowlights: A whopping 82 Read More
