"It should be clear by now that good tone at the top doesn't automatically translate to proper mood in the middle or buzz at the bottom," writes IIA President and CEO Richard Chambers. "It also should be clear that internal audit must have a role in assessing, understanding, and explaining how culture influences good governance."
The Securities and Exchange Commission is considering expanding opportunities for nonaccredited investors. That means more investors might rely on private equity fund valuations and auditors' assessments of those valuations.
Security researcher Checkmarx discovered it was possible for malicious apps to exploit a flaw in Android to hijack smartphone cameras and send surreptitiously recorded clips to an external server. The flaw has been patched in Google and Samsung devices.
Charles Schwab is acquiring TD Ameritrade for $26 billion, sources say. The deal will help Charles Schwab better compete against larger firms.
An IIA South Africa report based on the views of chief audit executives shows corporate governance and ethics have improved 3.5% this year, with ethics given a rating of 2.9 on a 4-point scale, up from 2.8 last year. However, only 14% of respondents say ethics is important in the country's government.
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