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May 25, 2016
At the first breakout session at the IDEA User Conference, I decided to attend Alexander Muina’s session on automating purchase card (P-Card) reviews. Muina is the Assistant Director, IT Audit at University of Miami and has significant experience in reducing misuse and fraud of P-Cards. The... Read More »
May 24, 2016
I’m at the IDEA User Conference this week and what an opportunity to mingle with IDEA power users and enthusiasts! My first session was led by Audimation Services’ Jill Davies and Carol Ursell on how to use IDEA to detect payroll fraud. According to the most recent version of the Report to the... Read More »
May 19, 2016
When your organization is one of the oldest insurance groups in the Americas and operates in 22 countries, it’s a given that it processes tens of thousands of insurance claims each year. This is reality for Sagicor Life Jamaica Ltd.—a branch of Sagicor Financial Corporation. A full-service life... Read More »
May 17, 2016
The United Kingdom’s financial regulatory agency, the Financial Conduct Authority (FCA), has found that the British branch of Deutsche Bank has “serious” and “systemic” shortcomings in preventing its accounts from being misused for money laundering, sidestepping international sanctions or financing... Read More »
May 12, 2016
Senator Mike Duffy has been acquitted of all 31 charges laid against him in the highly publicized trial that arose out of the Canadian Senate expense scandal. This only signals a brief hiatus for the scandal, though: there are still two other senators—Pamela Wallin and Patrick Brazeau—who could go... Read More »
May 10, 2016
If you’re an auditor, accountant or other finance professional, it is important that you not only add value to your organization but also differentiate yourself from others in your field. It was with this in mind that CaseWare Analytics first launched its IDEA® certification program. Available to... Read More »
May 4, 2016
On the heels of news that VimpelCom is expecting to pay $105 million in legal fees to resolve its Foreign Corrupt Practices Act (FCPA) case, the U.S. Securities and Exchange Commission (SEC) announced that it has settled another FCPA case with pharmaceutical giant Novartis for bribery in China. The... Read More »
May 3, 2016
A PricewaterhouseCoopers’ (PwC) study has found that cybercrime is up 20% and is the fastest growing economic crime. This is one of just many surprising statistics from the UK version of the 2016 Global Economic Crime Survey. Here are three other facts that caught our attention: Only 30% of frauds... Read More »
April 28, 2016
Edmonton’s former city manager has come under the microscope recently for accruing almost $140,000 in expenses while travelling outside the city. While extensive travelling in this type of position is not uncommon, what is unusual in this case is that the system allowed the manager to approve his... Read More »
April 26, 2016
Continued from Part 1 of our ‘How to Budget for Data Analytics’ blog series, our second post will cover the last of three key steps that audit specialist Rigobert Pinga Pinga, CIA, CPE, CEF, CGMA discussed in a recent report for the Institute of Internal Auditors. The third and final step?... Read More »