SEC makes whistleblower award

https://www.complianceweek.com/blogs/enforcement-action/sec-issues-another-big-whistleblower-award#.Va5UeflVikp http://www.sec.gov/news/pressrelease/2015-150.html The award is $3 million, although the SEC press release does not name the organization where the fraud was, or the individual who received it. This is the third highest award to date.

10 key areas for internal audit

http://www.journalofaccountancy.com/news/2015/jul/10-imperatives-for-internal-audit-201512597.html

Three lines of defense to managing internal control

http://www.journalofaccountancy.com/news/2015/jul/managing-internal-controls-201512598.html

IIA mission and core principles

http://www.journalofaccountancy.com/news/2015/jul/new-mission-internal-audit-201512583.html

SEC considers update to audit committee disclosures

http://www.journalofaccountancy.com/news/2015/jul/sec-audit-committee-reporting-201512573.html A release issued with a 60 day comment period.

Prevent and detect financial fraud

http://accounting.smartpros.com/x76480.xml There is a transcript for this program at the link. Attorney Michael R. Young, a partner with Willkie Farr & Gallagher LLP, reminds accountants and auditors what to do to prevent and detect financial fraud. He also assesses the recent expansion of audit committee responsibility to include the oversight of risk management.

AICPA 6 points Audit Quality

http://blog.aicpa.org/2015/06/making-a-bold-move-to-improve-audit-quality-1.html#more This is the result of feedback received from comments to the audit quality initiative from last summer. Check out the video within the blog posting. This feedback looks at an entire process of quality endeavors and topics.