Prepared by Joel Troutman, Intern
On Wednesday, June 12, the Senate Appropriations Committee held a hearing to address the growing cybersecurity threat and to determine the best course of action. Senator Barbara Mikulski (D-MD), the Appropriations Committee chairwoman, led the hearing in which four witnesses from different government agencies testified on the need to respond to cybersecurity threats. Gen. Keith Alexander,...
The spring Internal Audit Council I meeting was held on March 7-8, 2013. A number of the topics discussed at the meeting have been the subject of reports by various organizations that should be of interest to Council members. On the subject of cyber-security threats, Mandiant Corporation has issued its third annual threat report on cyber attacks. The link to see that report is:...
As manufacturers ramp up compliance with the SEC's conflict minerals regulation, the rule is scheduled for a showdown in court. On May 15—almost precisely one year before the first corporate reports are due to the SEC on the use of conflict minerals in manufacturers' products—the D.C. Circuit Court will hear a lawsuit challenging the rules' validity.
In...
Members of the Internal Audit Council were surveyed to determine if they are being asked to assess their audit function against "world class" standards, and if so, what criteria they are using in assessing their audit function. Most are not currently assessing their audit function to these standards, but are either self-assessing or are not expecting the request to be made in the future. ...
The Internal Audit Council members were surveyed to determine if they are using an internal audit management software, and if so, what are the greatest and least benefits the software offers. Over half of the members are using an internal audit management software, with TeamMate being used by the largest group of responding members with a system. "Workpaper...
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