Wednesday, May 22 2013 5:16 AM EDT2013-05-22 09:16:17 GMT
Nearly 60-thousand "Lea" panel, loft and bunk beds in various sizes are being recalled. It turns out the side mattress support rails can break, posing a fall hazard. The rails are on 34 different LeaMore >>
Nearly 60-thousand "Lea" panel, loft and bunk beds in various sizes are being recalled.More >>
Wednesday, May 22 2013 7:56 PM EDT2013-05-22 23:56:01 GMT
(RNN) – Of the 24 killed in the EF-5 tornado that decimated Moore, OK, 10 are children - two of which are infants according to a release by the Oklahoma City Medical Examiner's Office. All the childrenMore >>
The last of the missing from Monday's massive tornado that tore through the town of Moore, OK, have been accounted for. More >>
Wednesday, May 22 2013 7:49 PM EDT2013-05-22 23:49:32 GMT
Now's your chance to become a crime stopper. Right now in our interactive center, police officers are taking phone calls with any tips you may have to help catch some of the Tri-State's most wanted. ClickMore >>
Now's your chance to become a crime stopper.More >>
Wednesday, May 22 2013 7:42 PM EDT2013-05-22 23:42:23 GMT
In an effort to increase school safety, Tell City Schools are working with local police to hire an officer to work at the high school next year. They're referring to the position as school resource officer.More >>
Essentially, this person's job would be to regularly educate students on the pitfalls of drug and alcohol abuse, minimize bullying, and above all, protect students in the event of an emergency.More >>
A House committee taking Congress' latest look at the Internal Revenue Service's mistreatment of tea party groups will apparently have to do so without input from the star witness.More >>
At the center of a political storm, an Internal Revenue Service supervisor whose agents targeted conservative groups swore Wednesday she did nothing wrong, broke no laws and never lied to Congress. Then she refused to answer...More >>
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Research Shows Additional Internal Audit Priorities Include Concern about Fraud Risk and Technology for Big Data Analytics
MENLO PARK, Calif., March 18, 2013 /PRNewswire/ -- Internal audit professionals are adjusting rapidly to new challenges in a changing business environment and prioritizing social media, fraud risk, and data analysis tools as key areas for improvement in the year ahead, according to the 2013 Internal Audit Capabilities and Needs Survey Report (www.protiviti.com/IAsurvey) released today by global consulting firm Protiviti (www.protiviti.com).
While the seventh annual edition of the study surveyed more than 1000 internal audit professionals about their technical and audit process knowledge, a key focus of this year's report was on social media usage and related audit processes and policies. Key findings show that 43 percent of respondents have no social media policy within their organizations, and among companies with a social media policy, many fail to address basic issues. In fact, information security and approved use of social media applications are areas that are not covered in nearly one in three organizations (30 percent).
What may be the most striking result from the survey is that more than half (51 percent) of organizations do not address social media risk as part of their risk assessment process, with 45 percent indicating that they have no plans to do so in the coming year's audit plan. Additionally, of those that do address social media risk, 84 percent rated their organizations social media risk-assessment capability as "not effective" or just "moderately effective."
"The survey findings are surprising in that they show how many businesses are either inadequately prepared or altogether inactive in putting effective processes and policies in place around social media," said Brian Christensen, executive vice president, global internal audit, at Protiviti. "From a risk management perspective, this poses significant potential problems for businesses that can range from reputational risk to IT infrastructure risk as a result of unchecked exposures to customer, vendor and company information."
Evaluating Technical and Audit Process Knowledge
In terms of rating general technical knowledge, internal auditors identified social media applications as the top area for improvement – by a substantial margin – mirroring the 2012 findings. Issues related to cloud computing and fraud risk management are also among the top priorities on the list of areas that need to improve. Notably, fraud risk management ranked 13 out of 51 evaluated areas, despite respondents giving it one of the highest scores for existing competency.
Respondents also evaluated 42 areas of audit process knowledge in terms of where they need to improve, and ranked data analysis tools and fraud as the predominant issues of concern. Eight of the top 10 priorities in audit process knowledge that most need improvement were related to data analysis tools (data manipulation ranked #1; statistical analysis ranked #5; sampling ranked #9) and fraud (monitoring ranked #1; fraud risk assessment ranked #4; fraud detection/investigation ranked #6; fraud auditing ranked #10). In contrast, there were no fraud related issues ranked among the top five areas for improvement in 2012 or 2011.
"The internal audit function has a tremendous responsibility for ensuring that rigorous and systematic scrutiny is applied to business processes and emerging risks in real-time," said Christensen. "Organizations can't afford to have inefficiencies or undue exposure to risk, and a critical aspect of eliminating these problems is to understand areas that require improvement."
Other Key Survey Findings
Continuous auditing was the top priority in terms of audit process knowledge in 2011 and 2012, but dropped down to #18 in the 2013 rankings.
For audit process knowledge, auditing IT – new technologies was the third highest needs-improvement priority, and scored significantly lower than any other area evaluated with regard to existing competency.
Concerns among chief audit executives were generally aligned with the broader sampling of respondents. However, they did rank audit process knowledge around Computer-assisted Audit Techniques (CAATs) as a higher priority for improvement, compared to the overall ranking.
About the Survey
Protiviti's 2013 Internal Audit Capabilities and Needs Survey Report was fielded between September and October 2012 and respondents answered more than 130 questions in three categories: Technical Knowledge, Audit Process Capabilities, and Personal Skills and Capabilities. More than one-third of the participants work in publicly traded companies and represent virtually all industry sectors, with others working across a variety of private, government, and not-for-profit organizations. The full report is available at www.protiviti.com/IAsurvey.
Webinar and Video
Protiviti will conduct a complimentary webinar exploring the survey's results on March 28 at 9:00 a.m. PDT. The 90-minute webinar is eligible for CPE credit and will be hosted by Christensen and Michael Thor, a Protiviti managing director. Please register for the webinar at www.protiviti.com/webinars. Additionally, a video featuring Christensen discussing highlights from the survey is also available on the Protiviti website at www.protiviti.com/IAsurvey.
Protiviti (www.protiviti.com) is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. Through its network of more than 70 offices in over 20 countries, Protiviti has served more than 35 percent of FORTUNE® 1000 and Global 500 companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies.
Protiviti is a wholly owned subsidiary of Robert Half International (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.
Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.
Editor's note: infographic and photo available upon request.
Wednesday, May 22 2013 6:00 PM EDT2013-05-22 22:00:02 GMT
An Evansville Police Officer was injured while trying to arrest a fleeing drug dealer on Tuesday afternoon. Police stopped an SUV after the driver committed several traffic violations. Officers pulledMore >>
Police stop an SUV on the north side of Bayard Park. The result: an officer injured, a chase with a suspect, and three men arrested on a variety of charges.More >>
Tuesday, May 21 2013 3:29 PM EDT2013-05-21 19:29:04 GMT
For months, concerns had been raised about the welfare of Lucas Webb. Born Jan. 3, 2008, Lucas knew much pain and suffering in his four short years. More >>
State records released Monday show how Missouri social workers failed to adequately pursue allegations of abuse involving a preschooler. Lucas Webb, 4, would die five days after the state closed the abuse investigation.More >>
Wednesday, May 22 2013 6:21 PM EDT2013-05-22 22:21:12 GMT
(RNN) - British officials are saying one man is dead and two others were injured in a possible terrorist attack in London on Wednesday.According to BBC News, eyewitnesses said man was attacked in a streetMore >>
One man is dead after two men attacked him in broad daylight with knives and meat cleavers. More >>
Wednesday, May 22 2013 7:15 PM EDT2013-05-22 23:15:37 GMT
Gibson Co. dispatch confirms a report of shots fired in the area of Los Aztecas on W. Broadway in Princeton. According to our media partner, the Princeton Daily Clarion, shooting suspect fled the sceneMore >>
Princeton Police Chief W.W. George tells 14 News the suspect, believed to be her boyfriend, shot the woman as she and her 13-year-old son were walking in the Los Aztecas parking lotMore >>
Tuesday, May 21 2013 2:46 PM EDT2013-05-21 18:46:43 GMT
We are excited to announce you'll now be able to watch all of our newscasts, and severe and breaking news on your iPhone or iPad (It may work on some Android phones, too, but you may need to wait for anMore >>
We should be on the air (minus commercials) from 4:30-7:00 AM; from 11:00-12:00 AM; from 4-5:30 PM; from 6:00-6:30 PM; and from 10:00-10:30 PM. Plus anytime we are on the air for breaking news or weather, we'll be broadcasting live on your phoneMore >>