Read Richard Chambers' Latest Blog
Fantasy Island: Lessons Learned From DraftKings and FanDuel
In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here's an excerpt from his latest post:
Another week, another example of internal control failures hurting an organization and industry.
Details of the scandal engulfing the online fantasy sports company DraftKings should be common knowledge by now. A DraftKings employee admitted to the early release of data not generally available to the public and won US$350,000 on a rival site, FanDuel, that same week. The comparisons to insider trading quickly – and logically – followed.
Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.