June 2026

infobae.com · Curated 1 month ago

Preliminary 'Total Audit' of Boric Administration Reveals $9.2 Billion Fiscal Risk in Chile

A preliminary "total audit" of the Gabriel Boric administration in Chile has uncovered a fiscal risk exceeding $9.2 billion, stemming from delayed payments, administrative irregularities, and structural control weaknesses. The review, initiated by President José Antonio Kast, analyzed over 913 million data points from 500 public entities between 2022 and 2026. The findings have prompted investigations into four public institutions. (Original article in Spanish)

News & Blogs · Latin America & Caribbean Read more

greens.org.au · Curated 1 month ago

Australian Greens Call for Ban on KPMG from Government Contracts Amidst Multiple Scandals

The Australian Greens are demanding that the Labor government ban KPMG from all federal government contracts, citing a series of scandals involving the firm. Despite KPMG's alleged misconduct, including sharing confidential client information and audit independence breaches, the government currently holds dozens of active audit contracts with the firm totaling $27.4 million. The Greens argue that KPMG's actions demonstrate they are unfit for public sector work and are pushing for legislative reforms to regulate Big Four firms more stringently.

News & Blogs · Oceania Read more

afr.com · Curated 1 month ago

KPMG's Audit Scandal: A Deeper Betrayal Than PwC's Tax Leaks?

A recent article suggests that KPMG's alleged audit scandal, involving the misuse of confidential client information, could be more damaging than PwC's tax leak controversy. The core issue revolves around a fundamental breach of trust, as KPMG is accused of leveraging sensitive data from a long-standing client to secure new business. This raises existential questions about the integrity of professional services firms and the foundational trust they are built upon.

News & Blogs · Oceania Read more

denverpost.com · Curated 1 month ago

Internal Audit Reveals Colorado Athletics Lost $1.24 Million on 2024 Alamo Bowl Trip

An internal audit at the University of Colorado (CU) found that the athletics department incurred a $1.24 million loss from its 2024 Alamo Bowl appearance. The audit highlighted issues such as overpaying coaching staff bonuses, misclassifying the bowl game's tier, and a lack of a formal budget, leading to uncontrolled spending. CU plans to implement the audit's recommendations to improve financial oversight for future postseason events.

News & Blogs · North America Read more

sun-sentinel.com · Curated 1 month ago

Fort Lauderdale Audit Uncovers Questionable P-Card Spending and Control Weaknesses

An internal audit in Fort Lauderdale revealed significant issues with city-issued credit cards (P-cards), including prohibited purchases, unreported fraud, and a lack of robust internal controls. The audit, covering October 2023 to December 2024, highlighted a persistent vulnerability to fraud and operational inefficiency, prompting the city manager to implement new measures to strengthen oversight and processes.

News & Blogs · North America Read more

linkedin.com · Curated 1 month ago

Navigating AI's Impact on Internal Audit: Addressing the Hard Questions

This article tackles critical questions regarding the integration of Artificial Intelligence into internal audit practices, offering insights grounded in established frameworks like GIAS and COSO. It explores how AI reshapes auditor training, audit methodologies, accountability, and the very definition of an audit cycle. The author emphasizes that while AI introduces new capabilities and challenges, core audit principles and governance frameworks remain essential for effective assurance.

News & Blogs · Global Read more

linkedin.com · Curated 1 month ago

Beyond the Control: Why Audit Findings Recur and How to Achieve Sustainable Remediation

Recurring audit findings are a common frustration for internal auditors, often leading to a cycle of remediation without lasting change. This article argues that these persistent issues are not merely control failures but symptoms of deeper governance weaknesses. It identifies accountability gaps, cultural resistance to process, and outdated control designs as primary root causes, emphasizing the need for a holistic approach to achieve sustainable remediation.

News & Blogs · Global Read more

drrainerlenz.wordpress.com · Jun 13, 2026

Gardener of Governance™ Award Expands to Türkiye, Fostering Innovation in Internal Audit

The Gardener of Governance™ Award is expanding its reach to Türkiye, marking its third international destination. This initiative aims to recognize and celebrate original voices and innovative thinking within the fields of Governance and Internal Auditing, providing a platform for professionals to share groundbreaking ideas and best practices. For internal audit and assurance professionals, this expansion signifies a growing global commitment to advancing the profession through academic and practical recognition, fostering a culture of continuous improvement and innovation.

News & Blogs · Global Read more

radicalcompliance.com · Jun 12, 2026 · Curated 1 month ago

Compliance Jobs Report: Key Appointments and Promotions Across Industries

This week's Compliance Jobs Report highlights significant personnel movements within the ethics, compliance, and risk management fields. Audit and assurance professionals should note the increasing demand for specialized compliance expertise, particularly in pharmaceuticals, financial services, and defense. The report also showcases career progression paths, including compliance officers moving into CEO roles, underscoring the growing strategic importance of these functions within organizations.

News & Blogs · Global Read more

drrainerlenz.wordpress.com · Jun 11, 2026 · Curated 1 month ago

Dr. Rainer Lenz Invites Students to 2026 Governance & Internal Auditing Masterclass at JGU Mainz

Dr. Rainer Lenz is inviting students to his fifth masterclass on Governance & Internal Auditing at Johannes Gutenberg-Universität Mainz (JGU) for the Winter Term 2026–27. This course offers a unique blend of academic rigor and practical insights, emphasizing the evolving role of internal audit in value creation and protection. Audit professionals should note the course's focus on critical thinking, emerging issues like AI in auditing, and the integration of practitioner perspectives, which are crucial for developing future-ready internal audit leaders.

News & Blogs · Europe Read more