New IIA Thought Leadership Reports Provide Guidance on Fraud and SEC Proxy Disclosure Rules

February 8, 2010

To keep you abreast of the latest issues impacting the internal audit profession, The IIA recently released two thought-leadership reports. The first report, Flash Alert: New SEC Proxy Disclosure Rules, discusses the steps chief audit executives (CAEs) can take to demonstrate internal auditing’s vital role in supporting effective governance and risk management practices in light of the new U.S. Securities and Exchange Commission’s (SEC’s) Proxy Disclosure Rules. To gather this thought leadership, The IIA’s Audit Executive Center convened a select group of internal audit professionals to develop a list of 10 actions CAEs should take now to establish internal auditing as an integral part of the new proxy disclosure process. Read the press release here

The second report, Knowledge Alert: Emerging Trends in Fraud Risk, summarizes the results of a recent IIA Flash survey on the state of internal audit efforts pertaining to fraud risk. According to the nearly 300 CAEs and internal audit directors and managers participating in the survey, the prevalence of fraud risks is a still a topic of much debate in many organizations. Among other key results, the survey found that programs in companies to manage fraud risks are becoming a higher priority, receiving more attention at the senior management and board level, and starting to become more effective. 

These and other reports are being published by The IIA’s Audit Executive Center. Stay tuned to similar thought-leadership reports and other special offerings from the Audit Executive Center or contact Donna Batten, IIA director of CAE Services, for more information. To download a copy of both reports, visit The IIA’s Knowledge Services Web page. .