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 now […]

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