A guest post by an intern in Internal Audit was recently featured on another accountant’s blog, I Want To Be A CA, and I was first alerted to it by Krupo’s post title bait. The post is not compli­mentary about internal audit, but the support for its thesis is so flimsy and based on purely […]

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Accoun­tan­cyAge is reporting that the UK and Ireland IIA’s chief executive Ian Peters recently made a statement on the contentious issue of having external auditors provide internal audit services: Internal auditors answer to management and the non-executive directors… external audit reports to share­holders. Merging these two important functions has the potential to cause serious conflicts […]

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The Metro­politan Corporate Counsel, a publi­cation dedicated to legal issues relevant to corporate lawyers, recently inter­viewed Alfredo Avila, Assistant General Counsel at Monsanto about how they approach FCPA compliance for acqui­si­tions. Monsanto recently acquired a US-based company with a Turkish subsidiary, and found during the due diligence the sub had made inappro­priate payments to Turkish […]

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The news that KPMG has snapped up the audit of Rentokil Initial from rival PwC brings with it renewed concerns around the indepen­dence of firms providing additional services as well as opining on financial state­ments. Under the arrangement KPMG would undertake all the statutory respon­si­bil­ities associated with an external audit, while also ‘delving deeper’ and […]

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A recent article on the New York Times about the political costs that Google is facing due to its market dominance, and their strategy to reduce those costs, caught my interest: Google has begun this public-relations offensive because it is in the midst of a treach­erous rite of passage for powerful technology companies — regulators […]

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