Hundreds of public entities in Ohio received citations last year for failing to comply with the state's requirements for maintaining public records, state auditor data indicate. The data were released as part of a national initiative to highlight access to public information.
New York Gov. Andrew Cuomo has proposed legislation that would allow him to appoint an inspector general to the Port Authority. New Jersey lawmakers who oppose the legislation have written a letter pointing out that the Port Authority already has an inspector general.
Caterpillar has hired former US Attorney General William Barr to help it navigate a federal investigation into whether it committed tax fraud through its dealings with a Swiss subsidiary. Federal authorities raided Caterpillar's headquarters in Illinois this month.
Webinar: Best Practices for Managing Government Audits Join us for tomorrow's live webinar where two government audit leaders will discuss how they implemented a modern audit management solution (with ease) that supports their initiatives around advanced testing, risk heat maps, Financial Integrity Act requirements, and issue management—with long-term sustainability for their audit team. Register now >
The Government Accountability Office has issued a report with recommendations to improve whistleblower protections for government employees. The report notes that some agencies have not yet fully implemented a mandatory whistleblower program.
Some analysts are concerned risky borrowers are taking out an increasing share of mortgages backed by the Federal Housing Administration and delinquencies are rising. The share of FHA mortgage payments that were 30 to 59 days past due in the fourth quarter rose to 2.19%, up from 2.13% a year earlier.
eWorkshop: Data Integrity, Mining & Analysis for Auditors. Besides covering the legal and professional standards for data integrity in auditing, this course demonstrates, exemplifies, and provides field-ready tools for quickly and thoroughly determining and documenting the results of fundamental and often standards-required data integrity tests. Apr. 3-12. Earn 8 CPE credits. Click here to register!
Jay Clayton, a lawyer who is President Donald Trump's nominee to head the Securities and Exchange Commission, is scheduled to appear before a Senate panel Thursday as he moves toward confirmation. As a partner at Sullivan & Cromwell, Clayton has wide experience in the financial-services industry and support from Republican lawmakers.
County officials in Oklahoma would be allowed to choose whether the state auditor or an independent firm does their audits, under legislation advancing in the state House. The legislation has drawn criticism from the state auditor.
President Donald Trump's proposed budget plan, released Thursday, would cut funding for HHS but increase spending for Medicare and Medicaid fraud prevention efforts. The plan would allocate another $70 million for the Health Care Fraud and Abuse Control program.
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Legacy systems such as Cobol and Fortran have been found to be more vulnerable to cyberattacks, despite previous research indicating otherwise, per a report by Min-Seok Pang of Temple University and Huseyin Tanriverdi of the University of Texas at Austin. A 1% increase in spending for new IT resulted in a 5% decrease in breaches, the report states.
The House Small Business Committee has issued anti-cyberhacking guidelines for small businesses, which include suggestions for better data security. While the issue of cybersecurity is more commonly associated with large financial institutions, the committee points out that nearly 60% of small companies go out of business following a hack and 71% of cyberassaults target businesses with fewer than 100 workers.
Cybersecurity: An Ounce of Prevention Researchers from Crowe Horwath partnered with the Internal Audit Foundation to change the question of cybersecurity from "How do I defend?" to "How do I prevent?" The result is a 16-page report that examines the current state of best practices to the formation of a new concept: a Security Intelligence Center (SOC). Download your free copy today.
The IIA Bookstore's Super Sale started Monday. For one week only, you can save up to 75% off several popular products, including the Quality Assessment Manual for the Internal Audit Activity. The IIA Bookstore is the most comprehensive and credible source of independent research reports and publications addressing critical internal audit issues. Act now -- the sale ends Sunday, March 26 at 11:59 p.m. ET.
Find out how a combination of surveys and publicly available information enabled the New York Office of the State Comptroller to address a pervasive issue in the city: unresolved noise complaints. Read more.
I have accepted fear as a part of life, specifically the fear of change, the fear of the unknown. I have gone ahead despite the pounding in the heart that says: Turn back.
Erica Jong, writer
About the American Center for Government Auditing
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