Our Scans · (FS.2.00) Auditing · Weekly Summary

• [New] Certifiers like the Halal Food Council USA conduct rigorous audits, ensuring compliance with both Islamic law and US regulations, such as the FDA's Food Safety Modernization Act and USDA's Hazard Analysis and Critical Control Points. The Halal Times
• [New] The rise in cybersecurity threats highlighted by the Wall Street Journal survey necessitates a strategic shift in how audit, risk, and compliance professionals approach their roles. AuditBoard
• Organizations relying on automated auditing through smart contracts face fewer compliance breaches, minimizing the risk of hefty fines that can reach 4% of global annual revenue, as stated by the European Commission. Catalina Marcuta
• ControlCase specializes in PCI DSS compliance and offers a full suite of services, including vulnerability scanning, penetration testing, and compliance audits. Astra Security
• A new report from the National Audit Office calls for the UK government to improve how it works with technology suppliers to prevent further missed opportunities to modernise government. Engineering and Technology Magazine
• By 2025, Agile technologies will automatically track audit trails, security procedures, and regulatory requirements, integrated with governance, risk, and compliance throughout development. Infosprint Technologies
• The extension of FATCA compliance relief provisions through 2027 has encouraged institutions to enhance their data validation processes, improve cross-border reporting, bolster security, and maintain detailed audit trails. Global Wealth Protection
• A report published by public spending watchdog the National Audit Office in December last year found the rollout of public EV chargers was on track to meet the 300,000 the DfT estimates will be the minimum needed by 2030. The Independent
• The future of RADV audits will likely see greater use of AI, automation, and predictive analytics in both compliance efforts and CMS auditing processes. alpine Pro Health
• The majority of Indian enterprises are equally convinced that AI and ML will shape the future of internal audit, with 69% of the respondents saying so. forpressrelease.com, forpressrelease
• The need for legal departments, law firms and professionals to audit the use of AI in their operations, to make sure it's being used responsibly, will grow in 2025. The Loyal Nigerian Lawyer
• A recent report by the public spending watchdog the National Audit Office found the UK is on track to have the 300,000 chargepoints that the DfT estimated will be the minimum needed by 2030. irishnews.com
• KPMG and Google Cloud are helping clients' internal risk functions to conduct AI-powered internal audits that accelerate risk identification and anomaly detection. Google Cloud Press Corner
• As machine learning continues to advance in the coming years, compliance platforms will be able to pull in data from external sources such as security ratings, threat intelligence feeds, and vendor audits, automatically flagging any changes in a third-party's risk profile. Secureframe
• USDA plans to broaden biosecurity audits, offer free assessments to affected farms, and encourage participation from surrounding operations. AgAmerica
• Insurers must implement an AI Systems Program (AIS Program) with robust governance, risk management, and internal audits to mitigate risks. First Consulting
• While technology has the potential to transform audit firms in Cameroon, improve operational efficiency, and enhance global competitiveness, its adoption is challenging. Scirp
• To mitigate audit risks associated with ERC refunds, businesses should implement robust record-keeping practices and ensure compliance with IRS guidelines. Icarus Fund
• Conducting an electrical safety audit can help the shoe industry in Agra, Uttar Pradesh, identify and mitigate electrical hazards, reduce the risk of electrical accidents, improve overall workplace safety, and ensure compliance with legal and regulatory requirements. Energy & Safety Audit
• Major global accounting firms are leading the way in using AI to automate document review and support audit teams to reduce the risk of errors. CPA Practice Advisor
• The California Department of Managed Health Care will monitor compliance, conduct audits, and hold health insurers accountable. Live Insurance News

Last updated: 24 June 2025