Technical Education a Must for CAEs

Chief audit executives reported relatively high competency levels in the technical areas important to internal audit but said there’s still room for improvement. The top responsibilities needing improvement were:

“Need to Improve” Rank

General Technical Knowledge Competency
1 COSO Enterprise Risk Management Framework 3.2
2 Enterprise Risk Management 3.6
3 International Financial Reporting Standards 2.3
4 Fraud Risk Management 3.3
5 Six Sigma 2.5

Note: Competency assessed on a scale of one to five with one being the lowest and five being the highest.

Source: Protiviti’s Internal Audit Capabilities and Needs Survey , 2006, .


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.