Although well aware of the threat posed by hackers and organized cybercriminals, an alarming number of Boards are not actively challenging management’s cybersecurity efforts. Often, Board members simply don’t know how to proceed. However, there are concrete actions that Directors can take immediately to carry out their governance duties and improve cybersecurity.
As important as audit compliance is to the overall health of an organization, satisfying audit requirements can be an overwhelming challenge, requiring a great deal of time and effort. Particularly to emerge unscathed. There are ways, though, to make the audit process much easier. Some automation may be exactly what your company needs to drive long-term growth.
Not-for-profit entities may find themselves bogged down in a plethora of audit findings, constantly trying to play catch-up, but unable to move into an improved position. Are you overwhelmed by the prospect of keeping up with regulatory changes? If so, start with the Omni Circular. Mastering this guidance is one proactive step you can take that ...
Just as risks are ever changing, so should our plans for managing them be. Internal audit must do away with tired approaches to risk management and adopt more dynamic practices in order to keep up with industry changes. Otherwise, the audit department may find themselves continually playing catch up when it comes to handling the various challenges ...
Read a free sample chapter of Richard Chambers' eBook: Lessons Learned on the Audit Trail.
There are a number of “tells” indicative of anticompetitive conduct. If you’ve witnessed this behavior firsthand, or if you suspect that it’s going on, an antitrust audit is in order. This underused tool is often eschewed because it’s believed to be costly and disruptive, but the benefits of an antitrust audit in terms of risk avoidance can ...
The Sochi Olympics are a case-study in bureaucratic inefficiency and misuse of state funds despite some real engineering feats.
What changes have you seen in IT audit in the past few years and what changes do you anticipate going forward? The IT audit profession has experienced a significant transition in the last years.
According to the Association of Certified Fraud Examiners, fraudulent use of purchase cards, or p-cards, is one of the most commonly occurring types of employee fraud, and a 2013 survey reveals that risk related to internal fraud and abuse is an area of highest concern.
In business, corporate governance is often equated with proxy voting, shareholder rights, and board directors’ oversight duties. But its fundamental purpose is to ensure that an organization is effectively directed and controlled, which is a significant undertaking (to put it mildly).