Most audit executives work hard to develop open relationships with their audit committee members. The effort generally pays off. Regardless of how hard we work at fostering openness and honesty, however, some audit committee members may not be comfortable telling us everything that’s on their minds.
For publicly traded companies subject to SEC periodic reporting, now is the time to take serious action in transitioning from COSO’s 1992 framework to its 2013 framework.
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.