Internal auditors are right to be concerned about third-party risks. The days of a company’s suppliers or partners being well-known and trusted businesses on the same street or town are a distant memory.
We often hear of the concept of partnering with regard to internal audit. For example, does it make sense for internal audit to partner with compliance? If so, what does this partnering entail?
As the year end approaches, I have been thinking back on the last 11 months and where I have seen the most confusion for companies regarding import and export compliance.
As the year draws to a close, I find myself engaged in the familiar practice of looking back on the year and reflecting upon the major news stories and pivotal moments of 2013 …
In part one, the focus was on common roadblocks that can hinder an organization’s goal of having an effective and demonstrable anti-bribery and anti-corruption program. This article addresses common approaches …
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).
No relationship for a Chief Audit Executive (CAE) has been transformed more over the past decade than that with the audit committee. According to The IIA’s Audit Executive Center, more than 75 percent of internal…
Every company knows that its internal auditing function is the lifeblood of its compliance program. Some companies carry that to an extreme by placing the overall compliance function in the auditing department. As we all know, that is a mistake.
Matteson Ellis recently asked the question: How does internal audit do it all at a time when FCPA practitioners keep asking it for more? Top executives at Compliance Week’s 2012 Annual Conference offered some helpful answers revolving around communication, refined risk-based approaches and quick hits.
In today’s post we revisit the Biomet deferred prosecution agreement. As you may recall, one of the major failings of the company, which led to the violations of the Foreign Corrupt Practices Act were those of the company’s internal audit department. I asked my colleague Henry Mixon, CPA and FCPA internal controls specialist, for his […]