Category: Auditing

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…

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…

International Battery Metals Ltd. Announces Auditor Change and Transition to US GAAP Reporting International Battery Metals Ltd. Shifts Auditors and Adopts US GAAP Reporting, Marking a New Chapter in Financial Management VANCOUVER, BC, and HOUSTON – July 12, 2024 – In a strategic move that underscores its commitment to transparency and regulatory compliance, International Battery…

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…

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…

Workiva Integrates Global Internal Audit Standards into Its GRC Solutions, Enhancing Strategic Partnership and Efficiency Workiva Inc. Revolutionizes GRC Solutions by Integrating Global Internal Audit Standards In a groundbreaking move, Workiva Inc., a leading provider of assured integrated reporting solutions, has announced the incorporation of the Global Internal Audit Standards into its platform, marking a…

Embracing Digital Transformation: The Evolving Role of Internal Audit in Saudi Arabia’s Technological Landscape New KPMG Study Reveals the Impact of Digital Transformation on Internal Audit Practices in Saudi Arabia In a groundbreaking study, KPMG has shed light on the significant influence of rapid digital transformation and technological advancements, especially in artificial intelligence (AI), on…

“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…

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…