Audit World News

Case in Point: Lessons for the pro-active manager, from our friends at Auburn University

   October 3, 2016

It's hard to believe that we are about to enter the final quarter of 2016. October 1st will once again mark the start of National Cyber Security Awareness Month. Throughout October you will likely see multiple messages from technology and security professionals on ways you can protect yourself and the University in one of our biggest risk areas--IT security.

To get a...

Read More



CAO Tom York retiring from UNC Charlotte

   September 1, 2016
After nearly 12 years at UNC Charlotte, Tom York, chief audit officer and director of the Internal Audit Department, is retiring from his second career. York arrived on campus after spending 27 years in the U.S. Army, where he achieved the rank of lieutenant colonel. “My first assignment was as a member of the Army ROTC Basic Camp at Fort Knox, Kentucky,” said York. He would later serve as a...

Read More



Case in Point: Lessons for the pro-active manager, from our friends at Auburn University

   August 1, 2016
In June we concluded our analysis of articles we linked in Case in Pointduring 2015. This month we turn our attention back to the topic of compliance. As we've previously stated, the compliance category has been our largest for the past few years, and it has also experienced dramatic growth in importance for higher education institutions. Higher education is perhaps among the most regulated...

Read More



Software bug costs Citigroup $7m after legit transactions mistaken for test data for 15 years

   July 22, 2016
This article highlights the importance of change management and testing in IT.A programming blunder in its reporting software has led to Citigroup being fined $7m (£5m). According to the US Securities and Exchange Commission (SEC), that error [PDF] resulted in the financial regulator being sent incomplete "blue sheet" information for a remarkable 15 years – from May 1999 to April 2014. The...

Read More



Case in Point: Lessons for the pro-active manager, from our friends at Auburn University

   July 1, 2016

Last month we paused our review of 2015 to focus on the Title IX concerns at Baylor. We now return to our prior year review with our final category: Campus Life. Campus Life typically contains more general stories about risks we encounter on campus. The majority of stories in this category relate closely to students and campus environment/culture. This category can help us recognize trends and...

Read More



Former CAFNR administrative assistant pleads guilty to embezzling more than $700,000 from MU

   June 7, 2016

COLUMBIA — A former administrative assistant with the Southwest Research Center in Mt. Vernon, Missouri, a unit of MU's College of Agriculture, Food and Natural Resources, pleaded guiltyMonday to embezzling more than $700,000 from the university.

Carla Rathmann, 54, waived her right to a grand jury and pleaded guilty to one count each of mail fraud and credit card fraud.

...

Read More



Independent Contractors: Beware of traps - from HR.com

   April 28, 2016
The risks of implementing an independent contractor model may include misclassification litigation and federal or state investigative initiatives. For example: 1. Federal and state Department of Labor (DOL) wage and hour investigations seeking unpaid overtime compensation if employee status is found to exist; 2. Private individual and collective lawsuits under the Fair Labor Standards Act (...

Read More



Case in Point: Lessons for the pro-active manager, from our friends at Auburn University

   March 31, 2016
“Transparency, honesty, kindness, good stewardship, even humor, work in businesses at all times” 

-- John Gerzema

This month we continue our review of Case in Point stories from last year with a focus on the category ''Fraud & Ethics Related Events.'' The events we noted in this category during 2015 were as follows:

    ...

Read More



UC Berkeley breach: Universities increasingly targeted in cyberattacks

   March 1, 2016
A recent cyberattack at the California state university highlights how the combination of vast quantities of personal information and lax online security have made educational institutions attractive targets for hackers. The San Francisco Bay area university said on Friday that there is no evidence any information has been stolen, but that it has notified potential victims of the data breach,...

Read More



What Your Facebook Likes Say About You

   October 15, 2015
Think your Facebook Likes are just a fun diversion? You might be dismayed to know how telling they can be. Researchers at the University of Cambridge in the U.K.recently conducted a study in which they looked at Facebook Likes and demographic data volunteered from more than 58,000 Facebook users. It turns out that Facebook Likes can quite accurately predict things like a user’s...

Read More