The Sochi Olympics are a case-study in bureaucratic inefficiency and misuse of state funds despite some real engineering feats.
Has Russia’s New Procurement Law Hit the Target? An Analysis of Procurement Policy and Lessons Learned from the Sochi Olympics (Part 1)
What changes have you seen in IT audit in the past few years and what changes do you anticipate going forward? The IT audit profession has experienced a significant transition in the last years.
According to the Association of Certified Fraud Examiners, fraudulent use of purchase cards, or p-cards, is one of the most commonly occurring types of employee fraud, and a 2013 survey reveals that risk related to internal fraud and abuse is an area of highest concern.
In business, corporate governance is often equated with proxy voting, shareholder rights, and board directors’ oversight duties. But its fundamental purpose is to ensure that an organization is effectively directed and controlled, which is a significant undertaking (to put it mildly).
Avoid the Curses of Technology: Five High-Tech Compliance Challenges Every Auditor Needs to Understand
For auditors and compliance professionals, both the greatest advantage and the greatest threat of the digital world is big data.
Strong boards and audit committees stand at the core of strong organizations.
Many compliance professionals, particularly those operating under the legal department umbrella or oversight, believe that the attorney-client privilege protects all they do. This belief can be mistaken and dangerous. If wrong, potentially damaging information can be made available to legal adversaries, regulators and speculators, creating real damage to the company.
Depending on a company’s ultimate objectives, having the correct balance within the control structure is the key to a successful internal fraud investigation.
According to Cheryl Klein, founder of GRC Consulting Services, fines and new regulations won’t be the biggest challenges in 2010. Rather, regardless of what industry you are in, expect to encounter these five challenges in forthcoming years.