A survey conducted at the recent Institute of Internal Auditors annual conference by Protiviti has revealed that ⅔ of IA professionals believe their department is under-resourced and therefore unable to adequately carry out their duties. Protiviti’s take is that due to increased expectations of the assurance Internal Audit can provide on an ever-widening spectrum of [...]

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Converting their payroll system has resulted in some serious errors to the tune of greater than $1.5 million for the Fort Worth (Texas) school district. The school district overpaid employees and former employees at least $1.54 million, according to the [internal] audit. It also found that the district’s payroll system lacked proper controls, was cumbersome [...]

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A survey conducted in July and August of 2009 by Aon has revealed that companies are moving beyond “basic” ERM implementations: 62% of the survey respondents in the Global Enterprise Risk Management Survey 2010 reported going beyond basic ERM, compared with only 38% in Aon’s inaugural ERM survey in 2007. I wonder what happened between [...]

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