The IIA (Institute of Internal Auditors) is a professional association that provides education and training for internal auditing professionals while promoting the value of internal audits to organizations. Its mission is “to lead the profession through its standards, certification programs, resources, and services that promote competence, integrity, and professionalism.” After all, audit quality is the […]
The role of a comptroller is an important one, and it’s not always easy to understand. In fact, many people in the finance world have only just recently started working with this position. This is because there has been a shift from traditional accounting practices into more modern business strategies that revolve around technology and
The Center for Audit Quality (CAQ) is an organization that promotes and improves quality in the audit profession. The CAQ’s goal is to be a leader in quality assurance and standard setting for auditors throughout the world. To do this, they establish standards, enhance knowledge, and advance ethics to make sure that audits are conducted
Investors are increasingly asking for social responsibility. Social responsibility is a moral obligation to take care of the needs and interests of society while maximizing shareholder value. Especially now with the increasing effects of climate change, Russian oil divestment after the Ukrainian invasion, and billion-dollar weather events, investors are now demanding more transparency. The current
Tone at the top is a concept that was first introduced in an article written by John Kotter and James Heskett, which appeared in the journal “Harvard Business Review” back in 1990. The paper argued that successful organizations are usually led by people who have a shared commitment to honesty and ethics. The authors observed
The ISO 27001 certification process is a set of standards that help organizations protect their data from being hacked. You can use it to help you reach your IT security goals! If you have an IT security goal, the ISO 27001 certification process is one of the best ways to achieve it. Many companies invest
In a world where ethics and compliance is becoming more important, it is vitally important to have a clear understanding of what these terms mean. A glossary of ethics and compliance terms is a list of definitions that can be used to help with this comprehension. In many workspaces, it becomes very difficult for people
Accounting is the art of measuring, reporting, and analyzing financial information in order to keep track of a company’s or individual’s economic health. These days, accounting has become more complex with the growth of globalization and technology that have changed the way we do business. In today’s article, we’re going to answer pertinent questions on
It is estimated that one out of every three people has been a victim of some type of fraudulent crime in their lifetime. This includes everything from identity theft to corporate espionage and embezzlement. This article is going to look at 17 of the most common frauds that occur in business. And then examine in
In the rapidly changing world of business, it’s clear that not all companies are doing well. Many organizations are struggling to keep up with the ever-changing demands of their industry and other businesses around them. This is why any company should be thoughtful about how they implement changes in their financial reporting process – because