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Posts Tagged ‘internal audit’

Operational Resiliency, Part II

operational resiliency

Well this is convenient: one week after we had a post exploring the intersection of operational resiliency and compliance, two examples of the issue ripped from the headlines show just how much this obscure idea has real impact on compliance professionals’ lives. First, one of the Federal Reserve’s top regulators said last week that the…

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Report: SOX Compliance Still a Pain

sox compliance

Internal auditors might want to look at a new report on Sarbanes-Oxley compliance that paints a rather drab picture of things these days: SOX compliance duties crowding onto your plate, costs going up, and compliance teams adopting new technology at a pace less than people might like.  The report, from the SOX Professionals Group and…

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Report: Misalignment on Risk Management

operational resiliency

The Institute of Internal Auditors just dropped an unsettling new report on the state of risk management. Namely, corporate board directors believe their organizations are better at managing key risks than corporate executives do — and an uncomfortably high number of executives and directors say that misalignment is OK.  The report, OnRisk 2020: A Guide…

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Audit Drama in North Dakota!

North Dakota

Here’s an item sure to pique the interest of audit executives everywhere: the state auditor of North Dakota is in a hissing match with lawmakers there, who just enacted a law requiring him to seek approval from the Legislature’s fiscal review committee before his office conducts performance audits. The state auditor, Josh Gallion, says he…

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SOX Compliance: Costs Down, Hours Up

sox compliance

Protiviti has released its annual study of SOX compliance costs — a mixed picture where compliance costs are drifting downward overall, even while the hours spent doing SOX compliance work are on their way up. The report polled nearly 700 finance or audit executives. Frankly, the statistics about SOX compliance costs don’t tell us much,…

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IIA Proposes Three Lines Update

internal audit

Internal audit professionals, fire up your keyboards. The Institute of Internal Auditors is calling for public comment about possible updates to its Three Lines of Defense model of risk assurance. The proposed updates are now available on the IIA’s website. You can download, read, and ponder them at your leisure; and start offering feedback on…

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CAE Dodges Assassination Attempt

assassination

Well here’s a risk one rarely sees in our line of work: the chief audit executive of the South African Broadcasting Corp. dodged a shooting in Johannesburg over the weekend that the company is calling an assassination attempt. Thami Zikode, head of audit at SABC since 2017, left his office in the Auckland Park neighborhood…

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Thoughts on RPA, Compliance & You

rpa

Robotic process automation is one of those emerging technologies that everyone loves to talk about implementing, and that many businesses actually are implementing.   So when Protiviti recently published an in-depth report about RPA that explores how to manage the development of RPA within a large enterprise, I read it immediately. Audit, risk, and compliance…

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Podcast: The Chief Risk Officer Role

operational resiliency

We have another Radical Compliance podcast to start the week, this time catching up with those folks at Deloitte who recently published a report urging companies to do a more disciplined job with enterprise risk management. The report, published two weeks ago, surveyed 500 senior executives at large U.S. firms across a range of industries.…

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More on Internal Audit Transformation

internal audit

Internal audit executives and risk managers have a new report from Protiviti to consider, one that might help you better understand how well your team is — or is not — transforming itself to stay current with next generation of risks swirling around large corporations today. The 2019 Internal Audit Capabilities and Needs Survey polled…

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