Happy Holidays!!!

Posted by Teresa Bockwoldton December 23, 2016

Vibato would like to wish everyone a happy and healthy Holiday Season! 

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Happy Thanksgiving!

Posted by Alexa Foxon November 24, 2016

BATO and the Team would like to wish you a Happy Thanksgiving! 

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Tags: BATO, Vibato, Thanks, Thanksgiving

COSO - Fraud Risk Management Tools

Posted by Alexa Foxon September 29, 2016

COSO has created and provided Fraud Risk Management Tools to help prevent and deter fraud from any company. In 2013, COSO created categories for 17 Principles and Components into 5 sections - Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring. Now COSO has created a fraud management tool for each of the 5 categories. 

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Tags: SOX, fraud prevention, COSO, COSO 2013, framework, fraud, sox coso framework

FIFA Hires New Auditors - Part 5

Posted by Alexa Foxon September 16, 2016

This 5 part series focuses on the recent FIFA scandals, the people in charge, and the many changes in auditors.

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Tags: external audit, scandal, auditor, fifa, non-profits, Corruption, PwC, soccer

FIFA Appoints New Audit and Compliance Committee Chairperson - Part 4

Posted by Alexa Foxon July 6, 2016

Just a few months ago, FIFA's Chief Internal Auditor, Scala, stepped down for various reasons (here). Today, FIFA's council appointed Tomaz Vesel  as the independent chairperson of FIFA’s Audit and Compliance Committee. Mr Vesel currently serves as President of the Court of Auditors in Slovenia having been elected by the National Assembly of the Republic of Slovenia in 2013.

“The appointment of Mr Vesel as independent chairperson of FIFA’s Audit and Compliance Committee is an important development in the ongoing effort to strengthen FIFA’s governance and compliance systems,” said FIFA President, Gianni Infantino. “This is a vital role within the organization and Mr Vesel’s audit expertise and international experience will help reassure stakeholders and restore trust in FIFA.”

There is still no word about any new external auditor since KPMG stepped down last month. FIFA is still cleaning up a large mess with U.S officials. More than 40 people have been charged with crimes including racketeering and money laundering since the 2015 scandal and recent hidden bonus information. Stay tuned for details about FIFA's upcoming new external auditors. 

To veiw the full story from FIFA, click here.

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Tags: audit, internal audit, fifa, fraud, money laundering, fbi