This week the Securities and Exchange Commission settled a case with Mass.-based technology company PTC Inc. and its Chinese subsidiaries that could create new imperatives for internal audit practices and assurance of anti-bribery programs.

PTC agreed to pay more than $28 million to settle parallel civil and criminal actions involving violations of the Foreign Corrupt Practices Act (FCPA).

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Most information security experts aren't afraid to state bluntly: "We're losing the battle for information security." But then again, we already knew that. Near-daily headlines about the latest cyber-theft or data breach have made...

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Bad news for internal auditors, compliance executives, and risk managers who were hoping that bribery and corruption risks would start to subside after being on high alert for the last few years: they are actually increasing.

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Chief audit executives know the feeling of having to serve many masters. They have several constituencies they must answer to or advise—including management, business lines, regulators, and shareholders—all while retaining their independence to provide clear and objective views.

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Fast-moving changes in technology have added to the potential risks companies face. It is not always easy for senior management to wrap its arms around information technology risks confronting their organization. However, internal audit departments can help shed light on the issue through risk-based IT audit planning. Read More...

Last week the Securities and Exchange Commission approved a $258 million budget for the Public Company Accounting Oversight Board. The PCAOB acts as a check on accounting firms that conduct audits of public companies.

That’s right, we spend a whopping quarter of a billion dollars to check the checkers who check the accounting of public companies. That is, of course, after their own internal audit departments check it first.

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When The Institute of Internal Auditors proposed changes to its professional practice standards last month, it included new guidance for chief audit executives on measures they should take to safeguard their independence and objectivity when the job takes them outside the realm of traditional audit...

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In this podcast, Joseph McCafferty, head of audit content at the MIS Training Institute, talks with Thomas Fox, an attorney who specializes in the Foreign Corrupt Practices Act and who edits the FCPA Compliance and Ethics blog. According to Fox, the role of internal audit in anti-bribery and anti-corruption programs is changing from one of detecting bribery to also working to prevent such activity from happening. Listen to the Podcast

As the use of information technology continues to proliferate so do the associated risks organizations face. This article addresses the topic of what, specifically, constitutes a world-class IT audit department. It incorporates feedback from a recent MIS Training Institute IT Audit Management Summit attended by IT audit management and information security management professionals from about 60 organizations in multiple industries across the globe.

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Earlier this week, high-flying business software startup Zenefits got its wings clipped.

The San Francisco-based company, which provides online tools to help small businesses manage their human resources and employee benefits functions, forced out its founder and CEO, Parker Conrad. Conrad’s transgression? He neglected to put the proper internal processes, controls, and compliance practices in place. Find out more...

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