While awaiting an internal audit headed by a top Koch Industries executive, the brothers have rejected any notion of stepping back from electoral politics.
In fact, when David, a senior executive from the internal audit department, was asked to review cases of unnecessary expense, he called Paul on the carpet.
A1 Audit Cites Wal-Mart Violations An internal audit now under court seal warned top executives at Wal-Mart Storemployeeemployee records at 128 stores pointed to extensive violations of child-labor laws and state regulations.
An internal audit now under court seal warned top executives at Wal-Mart Stores three years ago that employee records at 128 stores pointed to extensive violations of child-labor laws and state regulations requiring time for breaks and meals.
Tyco, which has removed several senior executives who served under the indicted former chairman, L. Dennis Kozlowski, said that Russell Main, the executive who oversaw the internal audit program, would be succeeded by Robert Ott, who had coordinated Tyco's internal accounting investigation.
A1 Saks Fires Three Executives Saks Inc. said it had fired three senior executives, including the brother of chief executive R. Brad Martin, after an internal audit committee found wrongdoing in how its Saks Fifth Avenue chain was collecting so-called "markdown money" from vendors.
UBS's chairman, Mathis Cabiallavetta, and three other executives resigned last month after an internal audit found "shortcomings in risk management" before and after the $29.3 billion merger of Union Bank of Switzerland and the Swiss Bank Corporation.
Both work downtown, Mrs. Marotta as a public relations executive and Mr. Marotta in the internal audit department of a bank.
Given the importance of the risk management role within financial institutions, it is however worth noting that the number of top management committee members that have previous executive experience within risk management or internal audit remains relatively low.
