Regulator Roasts Fannie Mae’s CAE Selection
The Federal Housing Finance Agency has provided a primer for corporate audit committees on how not to appoint and manage a chief audit executive. The FHFA’s inspector general has released a detailed report criticizing Fannie Mae’s selection of a chief audit executive in 2013, calling the audit committee’s process “far ...
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Report Spotlights the Underbelly of ‘Audit Politics’
Image: A new report finds corporate political pressure on chief audit executives to alter audit plans or results is “extensive and pervasive,” and it underlines the need for audit professionals to master the art of office politics. “We were really surprised by the extent of pressure,” says Larry Rittenberg, co-author ...
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OpinionSOX was built for humans. AI doesn’t fit that model.
For more than two decades, assurance and compliance frameworks have rested on a simple assumption: Material decisions are made by people. Post‑Sarbanes-Oxley Act (SOX) assurance reset worked because it aligned accountability with human behavior. That assumption shapes how internal controls are designed, how accountability is assigned, and how assurance is ...
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WebcastCPE Webcast: Hot Topics in Risk and Compliance: AI, Analytics, and Emerging Audit Technologies
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