PCAOB to Air Corporate Angst Over Internal Control Audits
Image: The PCAOB will convene its Investor Advisory Group in September to explore criticisms that the regulatory approach around internal controls is out of step with risk. Specifically, the group will address a recent letter from Tom Quaadman, vice president of the Center for Capital Markets Competitiveness at the Chamber ...
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More Questions, and Evidence, on Undisclosed Control Weaknesses
Image: Fresh data from the PCAOB is raising awkward questions about whether companies and audit firms really are disclosing all the weaknesses in internal control over financial reporting that the Sarbanes-Oxley Act requires. PCAOB board member Jeanette Franzel presented the data in a recent speech that should prompt some soul-searching ...
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News BriefCommunication and relationships is increasingly critical for compliance teams
Compliance is increasingly in the spotlight as companies are tackling everything from artificial intelligence and other new technologies to risk management and mitigation. But it’s soft skills of communication and relationship building that are becoming the most critical tools for success.
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AnalysisA lot of us are misusing AI at work, and it’s putting our companies’ data, reputations at risk
Almost half of employees in a new global survey admitted to improperly using AI at work, underscoring the risks companies face by the fast-growing technology. And that’s despite many of their efforts to slow its use.