U.S Federal Agency Health and Human Services, Office of Civil Right (OCR), is investigating UnitedHealth Group and Change Healthcare following their February 2024 cyber incident. An incident that had a significant effect on the healthcare industry across the U.S. ()…
Between 12:15ET and 12:45ET on March 28th Ryan Buckner and I will be hosting a lunch and learn, discussing the recently signed MoU between Veritas GRC and Schellman. To create and deliver board cybersecurity risk management education programs to the…
Cybersecurity risk management regulation is a challenge public and private sector firms will have to face. Regulators in the United States and European Union are moving ahead with enforcement regimes, requiring boards of organisations operating in or with the U.S…
The audit industry has had a tough time. While £33 million in fines may not sound allot for some jurisdictions, it demonstrates that the Financial Reporting Council (FRC) is taking oversight, assurance and attestation of financial reporting seriously. Bringing actions…
There simply aren’t enough auditors needed to assure and attest regulatory compliance. The big 4 have the lions share of the market, and we know the challenges they face with regulators at present. How will boards independently attest cyber regulatory…
The Australian government would like to target audit firms and their partners for breaches in professional conduct fallowing the recent tax scandal. Breaches that could result in significant penalties of either $15million or 10% of aggregate turnover. Such strict penalties…
The academic who wrote a report commissioned by The Australian Accounting Standards Board (AASB), into the big four consultancies. Alleges to a parliamentary inquiry into the ethics and professional standards of the consulting industry, that a government agency censored a…
Deloitte Canada has been fined $1mn for breaching CPA Ontario Code of Professional Conduct. Auditors changed the date and time settings on their computer clocks to backdate audit working paper signoffs. ‘PCAOB inspectors uncovered evidence of the creation of documents…
The UK accounting regulator has issued a £21mn fine against KPMG for it’s failure to conduct appropriate audits of Carillion, a company’s that collapsed in 2018. “The number, range, and seriousness of the deficiencies in the audits of Carillion during…
The SEC charged audit firm Prager Metis with audit violations between 2017 and 2020 (). The ‘firm was called out by Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) for an alleged lack of independence when performing audits on behalf of cryptocurrency…
