Category: Auditing

The Importance of Audit Independence in Ensuring Good Governance and Accountability in Public Sector Title: Upholding Audit Independence for Effective Governance and Accountability In a world where corruption continues to plague nations and hinder sustainable development, the importance of good governance has never been more crucial. Despite the implementation of governance institutions and policies, corruption…

Strengthening the Role of the Auditor General in Fighting Corruption and Ensuring Accountability in Uganda: A Call to Action New Auditor General Vows to Tighten Oversight on Public Resources In a bid to address the rampant misuse of public resources and corruption in Uganda, Mr Edward Akol has assumed the role of Auditor General, taking…

Investors Push LVMH for Transparency on Supplier Treatment of Workers Luxury Giant LVMH Faces Pressure to Improve Supplier Monitoring After Sweatshop Allegations Europe’s top asset manager Amundi and other investors in luxury conglomerate LVMH are calling for more aggressive steps to monitor the treatment of workers in the company’s supply chain following allegations of sweatshop-like…

New Brunswick Health Minister Refuses to Give Vote of Confidence to Vitalité CEO Amid Travel Nurse Controversy New Brunswick’s health minister, Bruce Fitch, has sparked controversy by refusing to give a vote of confidence to Dr. France Desrosiers, the CEO of the Vitalité health authority, following a scathing audit of the health authority’s contracts with…

The Current and Future Use of Generative Artificial Intelligence in U.S. Audit Firms: A Report by the PCAOB The use of generative artificial intelligence (GenAI) in auditing and financial reporting is rapidly evolving, according to a recent report released by the Public Company Accounting Oversight Board (PCAOB). The report highlights the current use of GenAI…

Addressing Corruption Through the Adoption of ISO 37001: A Strategic Response for Governments and Organizations Title: ISO 37001: A Strategic Response to Combat Corruption in Public and Private Sectors Corruption continues to plague governments and organizations worldwide, with the 2023 Corruption Perceptions Index revealing alarming levels of misconduct. Over two-thirds of countries scored below 50…

Top 20 CA Firms in Mumbai for Articleship Training Embarking on a career as a Chartered Accountant (CA) involves not just passing the rigorous exams but also undergoing practical training to gain real-world experience. Articleship training is a crucial phase for every aspiring CA, offering them a glimpse into the corporate and professional world. It…

OLB Group Announces Change in Auditor and Reveals Internal Control Weaknesses Amidst Operational Strides OLB Group Announces Major Accounting Firm Shift Amid Financial Reporting Weaknesses In a significant corporate maneuver, The OLB Group, Inc., a prominent New York-based business services provider, has announced a pivotal change in its auditing relationship, parting ways with its former…

Terry Grafenstine Appointed as Chair of The Institute of Internal Auditors’ Global Board for 2024-2025 Terry Grafenstine Appointed as Chair of The Institute of Internal Auditors’ Global Board for 2024-2025 ORLANDO, Fla., July 18, 2024 – In a significant announcement made at the conclusion of The Institute of Internal Auditors’ (IIA) Annual Business Meeting and…

India’s First International Centre for Audit of Local Governance Inaugurated in Rajkot India Launches First International Centre for Audit of Local Governance in Rajkot In a groundbreaking move to set global standards for the auditing of local governance, India inaugurated the International Centre for Audit of Local Governance (iCAL) in Rajkot today. The Comptroller and…

“Enhancing Transparency and Trust: The Citizens Police Oversight Commission’s Review of Philadelphia Police Misconduct Investigations” New Oversight Commission Sheds Light on Philadelphia Police Misconduct Investigations Philadelphia, PA – In a groundbreaking move towards transparency and accountability, the Citizens Police Oversight Commission (CPOC) has released its first report on the Philadelphia Police Department’s (PPD) Internal Affairs…

Red Sea Global Joins Forces with Saudi Climbing and Hiking Federation to Elevate Adventure Tourism Red Sea Global and Saudi Climbing and Hiking Federation Join Forces to Elevate Adventure Tourism In a groundbreaking move set to redefine the adventure tourism sector, Red Sea Global (RSG) has entered into a strategic partnership with the Saudi Climbing…

The Risks and Alternatives of Recreational Tanning in Saudi Arabia The Rising Trend of Recreational Tanning in Riyadh: A Dangerous Quest for the Perfect Tan RIYADH – As the scorching sun of summer casts its rays over Riyadh, a growing number of young Saudis are basking in its glow, chasing the allure of a bronzed…

AuditBoard Introduces New Feature for Easy Adoption of Updated IIA Global Internal Audit Standards AuditBoard Unveils Innovative Feature to Align with New Global Internal Audit Standards In a significant development for the internal audit community, AuditBoard, a leading audit and risk platform, has announced the launch of a groundbreaking feature designed to streamline the adoption…

“Embracing the Future: How Technological Advancements and Expanding Roles are Shaping Internal Audit’s Path to 2035” Embracing the Future: How Technological Advancements are Reshaping the Internal Audit Profession In an era where technological advancements are rapidly transforming industries, the internal audit profession is not left behind. The latest Vision report from the Institute of Internal…