Auditors Fear the Cloud

Posted on Apr 29, 2011

Does internal audit only see the dark, rainy clouds? Can you see whether the silver lining, the potential for cloud computing is worth the risk?

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Is There an Independence Problem for This CIA?

Posted on Apr 27, 2011

I have offered my services as a mentor to audit and risk professionals and sometimes get some interesting emails and calls. It gives me pleasure to offer a little advice from my years of experience, and to think that I may be able to provide advice and insights that are valued.

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The Future Is Now

Posted on Apr 25, 2011

As I prepared for my presentation at the IIA International Conference in Kuala Lumpur on the topic of the internal auditor as rock star, I reviewed an article that I wrote for the Internal Auditor magazine. Let me share the first part and see if you can guess when it was published.

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What the IIA Study on Measuring Internal Auditing Value Tells Us

Posted on Apr 19, 2011

I recommend checking out The IIA’s 2010 Global Internal Audit Survey (free to members). Several reports have been issued to discuss the results of the survey in different areas. One is on Measuring Internal Auditing’s Value.

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Audit Committee Priorities Remain Risk, Compliance, and Technology

Posted on Apr 18, 2011

KPMG has published a summary of their Audit Committee Institute’s roundtable, which includes reference to a survey of audit committee members. Health Skepticism Rules: The 2011 Audit Committee Agenda doesn’t have any earth-shattering new revelations — but remains a useful read. It identifies the top concerns for audit committees as:

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Protiviti and Jim DeLoach Provide Insights Into Risk Management

Posted on Apr 11, 2011

Jim DeLoach has been a pioneer and thought leader in risk management for a long time, including a successful book and a role in the development of COSO’s ERM Framework. (He is also a good friend, whose opinion I value and respect).

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Lynn Turner Testifies Before Congress on Role of External Auditors and Others in Financial Crisis

Posted on Apr 8, 2011

Lynn Turner is highly respected for his prior positions, including as Chief Accountant at the SEC. His testimony makes very interesting reading.

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PCAOB Investor Advisory Group Weighs in on Role of External Auditor in Financial Crisis

Posted on Apr 8, 2011

Perhaps the most damning report (summarized in these slides) on the role of the external auditors comes from the PCAOB's Investor Advisory Group. This is a group of independent advisors that includes Lynn Turner, former Chief Accountant of the SEC, and experts in both internal and external auditors.

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Dow Jones Survey on Corruption

Posted on Apr 4, 2011

Dow Jones has published their State of Anti-Corruption Compliance Survey 2011, with responses from over 300 company executives from more than 40 countries.

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