Audit
No Internal Audit Function? Investors Beware!
The trickiest part of investing is determining WHERE to invest. And while a company's financial performance is top of mind for potential investors, it by no means should be the only factor considered. Remember, corporations taken down by scandals crash and burn from what looked like sure financial footing. Those with an internal audit function are less risky investments by far.
Protecting the Enterprise: 2015 Compliance Trends Survey Reveals Growing Role of the Compliance Officer
The latest findings released today from the anticipated Deloitte and Compliance Week survey demonstrate a tidal shift with modern corporate compliance functions gaining more authority and stronger organizational support for compliance programs.
PWC Report: A Guide to Cloud Audits
Today, Internal Audit is in a state of rapid transformation, thanks largely to cloud technologies. IT is rapidly modernizing our data centers from virtualization to software defined data centers so as to build out increasingly sophisticated private clouds.
3 Challenging Principles in COSO’s 2013 Framework: A Closer Look at Principles 2, 4 and 13
As companies progress well into the implementation of COSO's 2013 Integrated Framework, it's become clear that the Framework's 17 principles aren't as cut and dried as they initially seemed. The 2nd, 4th, and 13th principles in particular have been problematic for some organizations. Candela Solutions' Ron Kral offers guidance on the issues that have left many auditors scratching their heads.
Deloitte Survey Finds Companies Underprepared and Lacking Confidence to Protect Against and Respond to Reputation Risks
Survey shows reputational issues have a strong impact on customer confidence, brand value, and a company’s bottom line New York, Oct. 28, 2014 – The majority of global companies (76 percent) are confident that their reputations are strong, according to the 2014 Reputation at Risk survey conducted by Forbes Insights on behalf of Deloitte Touche Tohmatsu Limited (DTTL). However, that confidence declines when it comes to protecting against and responding to reputation risks. In fact, only 19 percent of companies would award...
Auditing at the Speed of Risk!
Just as risks are ever changing, so should our plans for managing them be. Internal audit must do away with tired approaches to risk management and adopt more dynamic practices in order to keep up with industry changes. Otherwise, the audit department may find themselves continually playing catch up when it comes to handling the various challenges that crop up.
PWC: Metrics By Design
A Practical Approach to Measuring Internal Audit Performance At a glance Expectations of Internal Audit are rising. Regulatory pressure is increasing. Budgets are tightening. Internal audit scope is expanding. In this environment, Internal Audit must always start with delivering increased value, but must also demonstrate its value to the organization - not just by showing how well it runs its operations - but by capturing and reporting the contribution it is making to the organization. To do this well, leading...
Implementing COSO’s 2013 Framework: 10 Questions that Need to be Answered
A host of corporations are in the process of Implementing the new COSO Framework or are gearing up for the transition, and they'll have to establish the scope of objectives in which to apply the Framework. Candela Solutions' Ron Kral offers 10 key questions companies should be asking themselves to ensure their internal controls are up to snuff.
Whose Risk Is It, Anyway? When Management Says ‘No’ to Internal Audit
It sometimes happens that, even though you've identified a considerable risk and made a compelling case for addressing it, the management doesn't see the light, or agree with your findings. Frustrating for an audit professional, given that your effectiveness is measured by outcomes and, in cases such as these, your hands are tied. Then what?
No More Time to Procrastinate in Implementing COSO’s 2013 Framework
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.
- Gary Winemaster, Craig Davis and James Needham July 19, 2019SEC Charges Engine Manufacturing Company Executives with Accounting Fraud
- Garrett M. O'Rourke and Michael J. Black July 19, 2019SEC Obtains Asset Freeze in Microcap Pump and Dump Scheme Targeting Elderly Retail Investors
- Carol J. Wayland, et al. July 19, 2019SEC Obtains Final Judgments against Issuers and Promoters for Oil Well Offering Fraud
