- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: The audit profession is slowly retooling itself for the modern IT age, after decades of reliance on random sampling and manual methods that now fail to meet today’s expectations for precision. “Ultimately, this is how the industry will finally achieve its long-term goal of continuous auditing,” says Joanna Schultz ...
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To stay in step with audit technology, companies need to start thinking hard about their own technological capabilities to stand up to the audit process.
Internal audit plans for the coming year will reflect more consideration of corporate culture and the risks it might pose to the company’s success.
A cannabis company agreed to pay $225,000 to settle allegations that funds were temporarily deposited into its year-end accounts for the sole purpose of inflating year-end cash, the Securities and Exchange Commission said.
