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Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The National Energy Efficiency and Conservation Authority (NEECA) in Pakistan is facing internal turmoil as the government has abolished key executive positions within the agency. This has highlighted the challenges in Pakistan's energy sector, as NEECA is already understaffed. The decision to abolish these positions has raised concerns about transparency and accountability within NEECA's governance framework. Despite these challenges, NEECA has received significant budgets in recent years, emphasizing the importance of its role in energy efficiency and conservation. However, there is a need for a strategic review of NEECA's organizational structure and governance mechanisms to ensure effective functioning in Pakistan's energy landscape. [Extracted from the article]

An interview with Christopher A. Geiger, Lockheed Martin's vice president of internal audit and enterprise risk management (ERM), is presented. Geiger describes how ethics became a driving force for risk governance at Lockheed Martin, how sustainability and environmental, social, and governance ( ESG) are integrated in risk governance at Lockheed Martin, and how cybersecurity as an element of ESG is integrated in risk governance at Lockheed Martin.

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article describes how connectors in work teams can reduce turnover and lower costs as voluntary employee turnover becomes more costly as indicated in a research study. Topics covered include the key connector components, including being personable, desire to relate to others and ability to influence others' relationships, the prevalence of group work in the finance function and the results and implications for practice.

Certified internal auditor certification, management accounting and company valuation are the top surging accounting and finance skills, according to a new Udemy report. [ABSTRACT FROM AUTHOR]

Anthony Pugliese, president and CEO of the Institute of Internal Auditors, is traveling the world as his organization expands globally. [ABSTRACT FROM AUTHOR]

Richard Chambers is seeing a neverending series of crises confronting internal auditors and posing risks to their organizations. [ABSTRACT FROM AUTHOR]

A survey of internal audit and IT leaders found that while they identity AI as a growing technology risk, they have the least confidence in their ability to evaluate and handle its risks versus other technologies. [ABSTRACT FROM AUTHOR]

Despite the focus, however, most audit plans don't currently prioritize the risks, according to a new report from the Institute of Internal Auditors. [ABSTRACT FROM AUTHOR]

A technology audit can help mortgage lenders save money during slow periods in the housing market. By reviewing a company's controls and effectiveness, audits can identify areas where efficiency can be improved and costs can be reduced. Some businesses may be skipping critical cybersecurity audits due to budget constraints, despite the increasing frequency of data breaches. Audits can focus on various aspects of technology, including policies and procedures, security protocols, infrastructure, and service-level agreements with vendors. It is recommended that companies hire third-party auditors for an unbiased assessment. The usual audit cadence is quarterly and annually, but ad hoc inspections may be prompted by regulatory changes or IT overhauls. Cybersecurity audits involve thorough risk mitigation assessments and testing against various cybersecurity frameworks. The costs of audits can vary depending on the size and priorities of the company, but they are generally considered worthwhile investments in protecting against cybersecurity breaches. [Extracted from the article]

The article shares tips to help medical device companies in conducting successful internal audits. These tips include developing a comprehensive audit plan, allowing for flexibility during the audit process, and ensuring that auditors are competent and independent. Other tips include involving more than one auditor and considering outsourcing the internal audit.

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The role of the internal auditor is expected to change drastically in the decade to come, according to a new report by the Institute of Internal Auditors. [ABSTRACT FROM AUTHOR]

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards. [ABSTRACT FROM AUTHOR]

The document titled "Internal Audit Awareness Month" is a proclamation issued by Governor JB Pritzker of Illinois, declaring the month of May 2024 as Internal Audit Awareness Month in Illinois. The proclamation recognizes the importance of internal auditing in strengthening organizations and protecting stakeholders in both the public and private sectors. It acknowledges that internal auditing requires specialized knowledge, training, and education, and highlights the profession's globally recognized code of ethics and standards. The proclamation invites all residents of Illinois to join in recognizing and commending professional internal auditors for their contributions to society. [Extracted from the article]

The article discusses the concept of "Order to Cash" (O2C) and its importance for businesses. O2C refers to the process that starts with onboarding a new customer and ends with applying cash received from that customer in the accounting system. The O2C process involves multiple segments owned by various functional groups, such as sales, legal, credit, order management, warehousing, logistics, and accounts receivable. O2C Finance professionals play a pivotal role in managing the financial relationship with customers, supporting growth, protecting cash flow, and mitigating risk. The article emphasizes the need for businesses to have an effective credit management policy to avoid bad debt losses and ensure timely payment from customers. [Extracted from the article]

Politan Capital Management, an activist investor, is seeking two additional seats on the board of Masimo Corp., a health-care technology company. Politan has nominated Darlene Solomon, former chief technology officer at Agilent Technologies, and William Jellison, former chief financial officer of Stryker Corp., for election. Politan holds an 8.9% stake in Masimo and supports a strategic review to separate the company's consumer business. This move comes after Politan successfully had its Chief Investment Officer and a former Johnson & Johnson executive elected to Masimo's board last year. Masimo's shares have declined by almost 20% in the past year. [Extracted from the article]

The article focuses on Monroe County Hospital is a critical access hospital in Forsyth, Georgia, is comprising an emergency department (ED) and medical-surgical unit that cares for inpatient and rehabilitation patients. Topics include the ED sees patients annually from 6 counties in middle Georgia, the high quality health services to the citizens of Monroe County since 1954 when the hospital authority was founded, and the facility became a strategic partner of Navicent Health based in Georgia.

City National Bank, owned by Royal Bank of Canada (RBC), experienced rapid growth that led to both profitability and operational challenges, according to RBC CEO Dave McKay. The bank's loans and deposits have increased by about two and a half times since 2016. City National Bank has faced various difficulties, including increased funding costs and a regulatory investigation into its risk controls. RBC has made changes to the executive team and increased staff in risk management and compliance roles. Despite recent losses, RBC is optimistic about City National Bank's return to profitability in 2025. [Extracted from the article]

A study conducted by researchers at Universitas Sriwijaya examines the relationship between stress and burnout among local government internal auditors. The study found that stress arousal is positively related to emotional exhaustion and depersonalization, but not to reduced personal accomplishment. However, supervisor support was found to moderate the relationship between stress arousal and burnout, reducing the effects of stress on emotional exhaustion and depersonalization, and strengthening the effects of stress on personal accomplishment. The study suggests that supervisor support can act as an effective coping strategy to prevent burnout. The results also provide insights for policymakers to improve interpersonal relations between supervisors and subordinates. [Extracted from the article]

The Institute of Internal Auditors' newly updated set of Global Internal Audit Standards takes effect in January 2025. [ABSTRACT FROM AUTHOR]

The Association of Certified Fraud Examiners has joined a collective effort of organizations including the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors. [ABSTRACT FROM AUTHOR]

2024 will be a demanding year for internal auditors who will be facing new requirements and updated standards. [ABSTRACT FROM AUTHOR]

In this article titled "The Professional Dilemma," the author, Ben Rawal, shares his personal experience of being asked by his line manager to change a report to highlight more issues than actually existed. Rawal discusses the emotions that can arise when faced with such a request, including shock, conflict, anger, or indifference. He advises taking time to think through the situation and consider the request from a logical standpoint. Rawal also emphasizes the importance of professional ethics and values, and suggests demonstrating assertive behavior and challenging unreasonable requests. If all else fails, he suggests escalating the issue internally or externally through reporting mechanisms. [Extracted from the article]

Suddenly, audit committees of corporate boards of directors are in the news. And they are deemed sufficiently important in monitoring financial accounting and control procedures that the Securities and Exchange Commission may eventually mandate them in all publicly held companies. How can a company establish an atmosphere that will enable its audit committee to work most effectively? This article, based on a close examination of the audit committees of 13 corporations listed on the New York Stock Exchange, attempts to provide guidelines. The recommended role is a participative one, and its prerequisites include independence from the chief executive officer, a close relationship with the internal financial and control managers as well as the outside accountants, and systematic self-assessment of performance. [ABSTRACT FROM PUBLISHER]

The article focuses on the internal auditing function in manufacturing companies in the United States. As a management tool, internal auditing makes it easier to identify recurrent accounting and operations problems by assessing policies in terms of successfully meeting company objectives. Internal auditing keeps the home office informed about field operations and has a potential for evaluating the effectiveness of decentralized operations. Topics include the relationship between internal auditing and independent public accountants, the role of internal auditing in training middle managers, and examples of internal auditing that identifies deficiencies in lower management.

A recent survey has found internal auditors are optimistic about the economy and about the availability of talent going into 2024 despite ongoing risks in both areas. [ABSTRACT FROM AUTHOR]

This article defines internal auditing and explores how businesses can effectively utilise the internal auditing function to improve internal controls and drive sustainable growth. Internal auditing is the stone the business landscape ignores which is, however, a cornerstone and an essential pillar for business' long sustainability in today's dynamic world. Ways to Harness The Internal Audit function Establishing a Proactive Internal Audit Function: To harness the power of internal auditing, businesses should invest in establishing a proactive and independent internal audit function. [Extracted from the article]

These audits are essential to ensure that integration processes are executed correctly, risks are identified and mitigated, and controls are in place to safeguard the organization's assets and financial reporting. [ABSTRACT FROM AUTHOR]

The federal Justice Department hasfunded a Botler chatbot that guides victims of sexualharassment and violence through the possible reportingmechanisms. Briefing The RCMP and both the border agency's internal-affairsdivision and its internal auditors are probing allegations by thechatbot company's co-founders, the Canada Border ServicesAgency said. [Extracted from the article]

The institute kicked off its annual international conference, highlighting its international growth and the ways in which internal auditors are helping companies. [ABSTRACT FROM AUTHOR]

Internal controls evaluation, fraud detection and compliance monitoring are among the uses for the technology, according to a new report. [ABSTRACT FROM AUTHOR]

Organizations are not making a priority of examining their corporate culture, although some internal auditors are doing that to deter corporate malfeasance, according to a new report. [ABSTRACT FROM AUTHOR]

The article offers information about the Joint Commission's survey-day documents checklist for laboratories in the U.S.

Some global firms had acted "suspiciously and quickly" following the introduction of an anti-tax avoidance law that came into force at the start of 2016, Australian Tax Office commissioner Chris Jordan said in a parliamentary hearing late Tuesday. (Bloomberg) -- Australia's tax office reported "significant concerns" to the nation's police force as far back as 2018 after PricewaterhouseCoopers blocked its requests for more information about its involvement in the tax scandal that's engulfed the consulting giant. [Extracted from the article]

Internal auditors are in especially high demand by businesses that have faced recent public failures, according to a new study. [ABSTRACT FROM AUTHOR]

The Institute of Internal Auditors recommended all cryptocurrency exchanges operating in the U.S. should possess an independent internal audit function. [ABSTRACT FROM AUTHOR]

Internal audit leaders cited technology as the main driver of risk to their organizations, especially when it comes to cybersecurity, according to a new survey by the Institute of Internal Auditors. [ABSTRACT FROM AUTHOR]

The Institute of Internal Auditors will soon be unveiling extensive changes in its standards, including a name change. [ABSTRACT FROM AUTHOR]

The Chartered Institute of Internal Auditors is advising businesses to prepare for further disruptions as the war drags on. [ABSTRACT FROM AUTHOR]

First, OPS has a direct effect on AS.Second, data analytics mediates the relationship between OPS and AS.Practical implicationsThis study's finding has implications for leadersin ministries and government agencies to provide psychological supportso that inspectorate auditors increasingly take advantage of dataanalytics in the process of AS that are always carried out." Our news editors obtained a quote from the research from AirlanggaUniversity, "Based on trait activation theory, this study aims toexamine the mediating effect of data analytics on the relationshipbetween organizational psychological safety (OPS) and AS.Design/methodology/approachThe authors surveyed inspectorate auditors ingovernment ministries and institutions who are internal governmentauditors in Indonesia. Information Technology - Data Analytics Current study results on Information Technology - DataAnalytics have been published. [Extracted from the article]

The IIA's president and CEO sees the proposed confirmation standard as an 'unnecessary swipe' at internal auditors. [ABSTRACT FROM AUTHOR]

The Institute of Internal Auditors is pushing back against part of a proposed new standard on audit confirmations from the Public Company Accounting Oversight Board. [ABSTRACT FROM AUTHOR]