Two-thirds of the more than 500 audit professionals surveyed for The IIA's 2017 North American Pulse of Internal Audit say reputational risk is a concern with regard to inaccurate or misleading communication. "Courage is a character trait top audit leaders will need to exhibit not just in dealing with the evolving risk landscape, but also in addressing areas that may be taboo or historically overlooked," said Richard Chambers, president and CEO of The IIA.
ebook: Increase Audit's relevance to the business Internal Audit leaders know they need to be more relevant, more valuable, and have a better seat at the table. But, how? In this eBook, we outline how Audit teams can align siloed processes, apply factual data to big picture risks and ultimately, enhance their value proposition to the organization and C-Suite. Access the eBook here >>
Robust accounting policies and internal controls are crucial parts of an organization's defense against fraud and financial restatements, according to a Center for Audit Quality report published on behalf of the Anti-Fraud Collaboration. "Successfully battling fraud in financial reporting requires strong collaboration among all the principal players," said Richard Chambers, president and CEO of The IIA.
Are you equipped with the tools necessary to detect fraud, risks, and issues? TeamMate+ can help you elevate your audit and assurance quality. It's developed with best in class data and application security. What's more, TeamMate+ is delivered through our highly credentialed team; each of whom understand global compliance standards as well as those local to you. Learn more.
President Donald Trump's crackdown on illegal immigration likely means more Immigration and Customs Enforcement audits for companies, highlighting a need for employers to enhance Form I-9 compliance, two attorneys write. Employers can face civil and criminal penalties if they file paperwork improperly.
Checking boxes on a list is no substitute for compliance, but Equal Employment Opportunity Commission member Chai Feldblum recently reiterated that agency-approved anti-harassment checklists play a vital role in promoting equality in the workplace. The EEOC offers four lists to employers, covering accountability and leadership, investigation and reporting, anti-harassment policies, and compliance training.
The Senate overturned the Obama administration's Volks rule, which would have given the Occupational Safety and Health Administration the ability to cite record-keeping violations of workplace injuries for five years instead of six months. The House had already passed the measure, and President Donald Trump is expected to sign it.
4 critical steps for implementing revenue recognition Even those companies that expect to see little change in the numbers still face changes in accounting processes. Read this white paper to learn major concerns from regulators and auditors on implementation of the new revenue recognition standard, four next steps for companies, and consequences of delayed implementation. Download the white paper.
A hoax report to the Securities and Exchange Commission, filed by a little-known artist saying his company had been acquired by Google parent Alphabet, making him the world's richest man -- with a net worth of $3.6 trillion -- has highlighted a fundamental flaw in the SEC reporting process. The SEC accepts reports filed online without question, which raises concerns over the possibility of fraud.
Companies wanting to get serious about ethical use of employee data and other information should form a governance committee that includes C-suite compliance, risk and data officers, writes Kon Leong, CEO of ZL Technologies.
Advance Your Career with Anti-Fraud Skills Learn anti-fraud best practices from global leaders in the fight against fraud at the 28th Annual ACFE Global Fraud Conference, June 18-23. Join forces with more than 3,000 professionals in Nashville (and save $200 through April 5!) or watch online from your home or office. Register now.
Cybersecurity rules introduced by the New York Department of Financial Services could be adopted for wider use as the industry struggles with conformity amid a welter of conflicting standards, experts say. Many financial firms have to devote unnecessary energy to cybersecurity compliance, an industry group says, and the New York initiative has earned praise for its consultative approach.
Are your internal controls in harmony with your business? Has your internal control program kept pace with changes in the business and regulatory landscapes? Read EY's latest thought leadership paper to learn how the three lines of defense can work in concert to help your organization improve its performance.
An environment of trust means challenging employees to grow and being caring and empathetic while coaching them along that journey, writes Paul Zak. The case for trust isn't just about being nice but has been backed up by research, he notes.
From now until Sunday, March 26, save at The IIA Bookstore -- up to 75% off member pricing on many popular products, including Quality Assessment Manual for the Internal Audit Activity. Take advantage of savings on the resources essential for your internal audit library. Shop now.
Based on his new book, "Trusted Advisors: Key Attributes of Outstanding Internal Auditors," IIA President and CEO Richard Chambers presents the character and leadership traits shared by great internal auditors. Plus, attend the Tuesday, March 28, webinar for a chance to win a signed copy of his book. Save your spot today.
Nothing great will ever be achieved without great men, and men are great only if they are determined to be so.
Charles de Gaulle, military leader and statesman
About The Institute of Internal Auditors
Established in 1941, The Institute of Internal Auditors (The IIA) is the
international professional association serving the Internal Audit profession
globally. As the internal audit profession’s global voice, recognized authority,
acknowledged leader, chief advocate, and principal educator, the IIA’s
International Standards and Code of Ethics unite a global community of over
185,000 internal auditors in 170 countries working in myriad areas including
internal auditing, risk management, governance, internal control, information
technology audit, education, and security. Our mission is to provide dynamic
leadership for the global profession of internal auditing. To learn more,
visit The IIA’s website,