Recently, our organization's CEO asked me a question about Cybersecurity: "Are we spending enough time and money on preventing cyber-incidents from occurring at our organization?". Here's my response.         

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Not all organizations are good at managing risk in a holistic way. It's easy for business units or functions that address risks to be guarded about their risk-management efforts or to reproduce what other parts of the company are already doing.

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Machine learning algorithms are permeating our world. With applications in banking, investing, social media, advertising, and crime prevention, to name a few, these 'little black boxes' are increasingly being used to inform and drive decisions about our lives and businesses.          

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Finding the right candidates to fill internal audit positions is getting more and more difficult. Which is why Thomas Sanglier, director of internal audit at Raytheon, has found a unique alternative.

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Among the top responsibilities of IT auditors is auditing software and application development projects. As those projects have moved at some companies from a waterfall style, to agile, IT auditors have had to adapt.          

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Just about every internal auditor will face an ethical dilemma or difficult situation at some point in their career. Among the toughest scenarios is when the CEO or other senior executive exerts pressures to suppress or change the results of an audit finding because it reflects poorly on management or some other aspect of the business.        

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There are several big challenges facing internal audit departments and still more facing the internal audit profession as a whole. Some of them represent opportunities as well as obstacles to overcome. The difficulty in filling internal audit positions with talented candidates, for example, has led to increases in pay for many internal auditors.          

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Financial Executives are straining to keep up as the increasing volume and pace of data clouds their ability to provide meaningful insights to boards quickly and accurately.

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This year is sure to be one for the books for Foreign Corrupt Practices Act (FCPA) enforcement. By the end of June, there were more FCPA enforcement actions in 2016 than in all of 2015, and it doesn't appear that things will be slowing down anytime soon. The Fed's aggressive campaign against bribery and corruption rolls on.

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