Home > Risk > Stunning report of interference from the top in an internal audit

Stunning report of interference from the top in an internal audit

November 16, 2017 Leave a comment Go to comments

I normally don’t post a blog on a Thursday, but the news today is so important I want to bring it to as many people’s attention as possible.

Please read this:

Report says UC president’s office improperly interfered with financial audit

Questions for you:

  1. Have you seen interference yourself in an audit that is similar in any respect to what is alleged in this report?
  2. What should be done?

I welcome your comments and let’s have a fruitful discussion.

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  1. Michael Corcoran
    November 16, 2017 at 7:42 AM

    tone at the top clearly compromised and begs the question, what else are they hiding. The UC President should resign immediately.

  2. Jim DeLoach
    November 16, 2017 at 8:44 AM

    How can the university president acknowledge “‘approving a plan’ that resulted in interference” and not be responsible and accountable? She set the tone and the underlings responded.

  3. Jay R Taylor
    November 16, 2017 at 11:08 AM

    Fish rots from the head down, Norman. The culture is established by top leadership and this underhanded activity would not take place without top level support. Needs to be replaced. Board needs to step in.

  4. Jerry
    November 16, 2017 at 10:48 PM

    i joined internal audit in 1999 and eventually i become a senior Manager Internal Audit in 2010. Indeed i have experienced interference in internal audit work in so many different ways, and at least at two of my previous employers. Management would go to an extend even to write and develop a policy on how internal audit should go about its work. I have rejected such interference. At one of the company i worked, i eventually lost my job. But I did not go look for another job outside internal audit, instead i joined my current employer as Manager Internal Audit because this is my passion. Jerry

  5. Premal Trivedi
    November 18, 2017 at 10:01 AM

    Not so uncommon. But it largely depends on the business group’s ethical practices. In the cited case, it is not clear if the audit findings were discussed and closed with the alleged process owners and the agreement or disagreements were documented as a part of the management response.
    Interference of such types are more reactive in nature and does not have any tailor made solutions.

  6. Larry Brown
    November 26, 2017 at 7:07 PM

    Probably best to file a whistleblower complaint with the primary regulator at that point. As Roger Waters rhetorically said, “Can I trust the government?”

    In the U.S., the answer is yes. Ref. TransUnion pending whistleblower case.

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