Internal Audit Archives - CFO

How Many of Your Primary Controls Are Preventive?

Risk & Compliance

How Many of Your Primary Controls Are Preventive?

Fraud detection is good. Preventing fraud in the first place is even better.

By Perry D. Wiggins | September 1, 2021

Walmart FCPA Case Cites Poor Internal Controls

Risk & Compliance

Walmart FCPA Case Cites Poor Internal Controls

The Securities and Exchange Commission today charged Walmart with dragging its feet on anti-corruption compliance for more than a decade.

By Vincent Ryan | June 20, 2019

CAQ Releases Guide to Reviewing Auditors

Investor Relations

CAQ Releases Guide to Reviewing Auditors

There continues to be interest from investors, regulators, and others regarding how audit committees perform their responsibilities, says the CAQ.

By Vincent Ryan | April 2, 2019

Chief Audit Execs: Internal Audit Can Do Better

Chief Audit Execs: Internal Audit Can Do Better

CAEs say their function doesn't make adequate efforts in communicating with the board and management, among other shortcomings.

By David McCann | March 6, 2019

Auditing: Time for an Adjustment?

Revenue Recognition

Auditing: Time for an Adjustment?

Keeping the auditor-client relationship free of conflicts of interest is still a struggle.

By Vincent Ryan | October 23, 2018

Email Scammers Still Tripping Up Finance Personnel

Email Scammers Still Tripping Up Finance Personnel

The SEC finds that internal accounting controls failed to prevent nine public companies from losing money to business email fraud.

By Vincent Ryan | October 16, 2018

Tariff Turmoil Spurs Need for Rigorous Vendor Screening

Tariff Turmoil Spurs Need for Rigorous Vendor Screening

To the long list of massive administrative headaches multinational finance departments must start thinking about, we may now add trade compliance.

By Brian Peccarelli | October 12, 2018

Auditing the Auditor

Auditing the Auditor

Whether internal or external, audits rarely detect insider fraud. Here’s why.

By Tiffany Couch and Acuity Forensics | October 2, 2018

Audit Software Firm Nabs $40M in Funding

Risk Management

Audit Software Firm Nabs $40M in Funding

The startup, AuditBoard, offers a cloud-based platform for managing Sarbanes-Oxley compliance and other aspects of internal auditing.

By Vincent Ryan | August 15, 2018

16 Years Later, SOX Compliance Continues to Evolve

Robotic Process Automation

16 Years Later, SOX Compliance Continues to Evolve

Sarbanes-Oxley compliance costs shot up this year, underscoring the need for companies to automate more of their compliance activities.

By David McCann | August 13, 2018

More Whistleblowing, But Also More Retaliation

Risk Management

More Whistleblowing, But Also More Retaliation

The rate at which workers are reporting misconduct is on the rise, but so are the instances of companies retaliating against those who report.

By Vincent Ryan | March 19, 2018

Israeli Co. Settles with SEC Over Bribery Allegations

Risk Management

Israeli Co. Settles with SEC Over Bribery Allegations

The firm, Elbit Imaging, violated accounting-related provisions of the Foreign Corrupt Practices Act.

By Vincent Ryan | March 12, 2018

Rio Tinto, Ex-CFO, Former CEO Inflated Assets: SEC

Risk & Compliance

Rio Tinto, Ex-CFO, Former CEO Inflated Assets: SEC

Former Rio Tinto finance chief steps down from Royal Dutch Shell’s board as a result of the charges.

By David Katz | October 18, 2017

Humans, Robots Must Combine in Digital Ecosystem

Humans, Robots Must Combine in Digital Ecosystem

With the pressure to adapt to digital, many CFOs are responding by using technologies on a one-off basis.

By Felice Persico | June 27, 2017

Hain Completes Audit of Revenue Woes

Revenue Recognition

Hain Completes Audit of Revenue Woes

The natural products maker reported that it did not have to make material changes to its previously reported financial statements.

By William Sprouse | June 22, 2017