Walmart ongoing bribery investigation

to lead to losses  http://accounting.smartpros.com/x74689.xml

Importance of soft skills in internal auditing

We know technical skills are important, but note the importance attributed to 7 skills of importance.  http://www.cgma.org/Magazine/News/Pages/20137573.aspx

Be careful providing comfort

This AICPA blog post addresses concerns regarding comfort letters.   http://blog.aicpa.org/2013/03/the-dangers-of-providing-client-comfort-letters.html

PCAOB to consider reorganizing the audit standards

Meeting this Tuesday to consider this topical organization approach.    http://journalofaccountancy.com/News/20137625.htm

COSO framework released May 15

The new framework has 17 principles to explain achieving effective internal control.   The 1992 framework will be considered superceded  on Dec. 15, 2014.   http://journalofaccountancy.com/News/20137619.htm

The importance of the insider in fraud situation

The 2012 Kroll Global survey of executives indicates a changing fraud environoment.  Check out some of the variables related with fraud.  839 senior executives weighed in for the survey.  http://www.accountingweb.com/article/new-report-shows-changing-fraud-environment/221374

Fraud IQ

Test your fraud IQ  http://www.journalofaccountancy.com/Issues/2013/Mar/20126774.htm