Assessments of a company's culture and controls are essential components of a meaningful program for auditing compliance, Michael Volkov writes. Internal audit and the chief compliance officer can work together to implement testing protocols as part of a transparent audit process, Volkov writes.
The Department of Homeland Security's recent raids of 100 7-Eleven stores illustrate the importance of staying compliant with Form I-9 requirements to ascertain employees' authorization to work in the US, lawyer Montserrat Miller writes. "Keys to ensuring compliance with the Form I-9 requirements include internal audits, training, preparation and having a plan in place," Miller writes.
The 10 biggest employment-related class-action lawsuits last year ended in settlements totaling $2.72 billion, and workplace litigators are riding the wave before more business-friendly leadership takes over in the Labor Department, Equal Employment Opportunity Commission and other agencies. Paul DeCamp, a lawyer at Epstein Becker & Green who represents employers, said, "Cases that plaintiffs' counsel felt very strongly about and seemed more bullish and willing to go to trial, since the election they were more eager to settle those cases."
The storm that swamped Houston last year and other major hurricanes have spurred the Government Accountability Office to launch an investigation into the threat posed by similar devastation affecting Superfund sites. Democratic legislators asked the GAO to identify which sites are most at risk from disasters, the nature of those risks and how the Environmental Protection Agency may deal with them given planned budget cuts.
Strengthen Your Core As The IIA’s premier designation for more than 40 years, the CIA sets the standard for excellence within the profession. Establish your foundational core for career growth and opportunity.
A hacker on Saturday hijacked BlackWallet's server, stealing $400,000 in Stellar Lumen cryptocurrency from user accounts. The creator of BlackWallet has advised users to move their currencies to a new wallet while the incident is investigated.
Join a Timely Conversation The upward mobility of women in the workplace has improved over the years, but there is still a lot of work to do. The IIA encourages men and women alike to join the conversation on this important issue by registering for the 2018 Women in Internal Audit Leadership Forum on March 14th in Las Vegas. Register Today
Organizations should apply security patches immediately to mitigate the effects of the Meltdown and Spectre vulnerabilities, then focus on effective network monitoring and detection control, writes CSO's J.M. Porup. Patches are usually worthwhile even with the expected decline in processor performance, notes Ed Bellis, chief technology officer at Kenna Security.
Data breach concerns remain high among chief information security officers, with 67% saying their companies will be breached or attacked in 2018, an Opus Global survey has found. A majority of respondents say they are more concerned about breaches than they were a year earlier, while also expressing worries over a "lack of competent in-house staff" and "careless employees."
Add to Your ERM Toolkit. How well has your organization's ERM approach kept pace with the vast changes in the business environment over the last decade? In his latest book, Managing Risk in Uncertain Times, author and ERM expert Paul Sobel explains how to use the recently updated COSO ERM Framework as an evaluation tool to see where your organization stands. Preorder your copy today!
"The vast majority of internal audit engagements are positive and constructive," writes IIA President and CEO Richard Chambers. "Yet, try as they might, internal auditors will sometimes find themselves on the receiving end of management's wrath." Chambers offers a few recommendations for how internal auditors can work to diffuse management's rancor.
Training On Your Terms. Training and education play a critical role in your success as an internal auditor, and The IIA offers in-depth training through a variety of delivery options, including in-person, online, on-demand, and group training at your location. Download Now
New book: Get in front of the COSO ERM framework updates
Risk management has evolved greatly since COSO's original ERM Framework in 2004 -- so much so that COSO recently issued a new framework. The IIA Bookstore's new release, "Managing Risk in Uncertain Times," helps readers understand the implications of the changes. Pre-orders are now being accepted.
Just announced: World Economic Forum's Young Global Leader to keynote in Dubai
Digital transformation and new technology are hot topics in the world today. How will they affect business, society and global markets? Claudia Olsson, founder and CEO of Exponential AB, will join The IIA's 2018 International Conference to discuss this, future trends, leadership and governance. Learn more.
It is not in the still calm of life or the repose of a pacific station that great characters are formed. The habits of a vigorous mind are formed in contending with difficulties.
Abigail Adams, first lady and political adviser
About The Institute of Internal Auditors
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