Audit Board

OCTOBER 31, 2022

The alliance extension allows companies to address their ESG initiatives by utilizing AuditBoard’s innovative cloud-based platform for audit, risk, and compliance management in combination with Deloitte’s Sustainability, Climate, and Equity services offering.

Compliance 98

Compliance Equity 98

Audit Board

OCTOBER 23, 2023

Thousands of audit, risk, sustainability, and compliance professionals tuned in virtually for Audit & Beyond 2023 , AuditBoard’s fifth annual user conference, joined by hundreds who attended the event at Marriott Marquis San Diego Marina in San Diego, CA. Watch the highlights of Audit & Beyond 2023.

Compliance 69

Compliance Technology 69

Audit Board

OCTOBER 26, 2022

Purpose-built extension to AuditBoard’s innovative connected risk platform operationalizes ESG programs for audit and risk teams in response to rising oversight. . The announcement came during its annual Audit & Beyond conference — a hybrid in-person and online event being held this week in Los Angeles.

Compliance 98

Compliance Data Analysis Marketability 98

ThomsonReuters

JUNE 15, 2023

How is the growing focus on ESG affecting the audit profession? As an area that is still developing, and – from an audit and accounting standpoint – still in its infancy, it can feel a bit like the Wild West. What are some of the key challenges that audit firms face when auditing ESG disclosures?

Compliance 96

Compliance Technology Accounting Firms 96

Machen McChesney

APRIL 27, 2022

Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with U.S. But it’s important for internal auditors to think beyond compliance. Generally Accepted Accounting Principles (GAAP).

Compliance 77

Compliance 77

ThomsonReuters

JUNE 9, 2023

In today’s rapidly changing business environment, firms need to stay on top of their audit compliance. In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. How do you ensure audit compliance? compatible.

Compliance 98

Compliance Technology 98

Harvard Corporate Governance

APRIL 2, 2022

This post is based on a Sidley memorandum by Mr. Campion, James A. Brigagliano , Katie Klaben , Erin Kauffman , and Charles Sommers. On February 25, 2022, the U.S. The SEC would then use this data to make publicly available aggregate data about short positions and short sale activity in individual securities. more…).

Marketability 247

Marketability 247

ThomsonReuters

NOVEMBER 29, 2023

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events.

Compliance 98

Compliance Technology Marketability 98

Audit Board

JANUARY 2, 2023

In particular, internal audit must take bold action to address its talent management crisis , technology challenges, and the compounding difficulties of managing both existing and emerging risks. Have a Frank Discussion With the Audit Committee. Internal auditors rarely have this conversation with the audit committee.

Compliance 88

Compliance Technology 88

ThomsonReuters

JANUARY 8, 2024

This level of data analysis goes beyond what human capabilities alone can achieve, allowing tax professionals to provide more accurate and proactive advice to their clients. Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks.

Data Analysis 101

Data Analysis Compliance Technology Banking 101

Harvard Corporate Governance

APRIL 21, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, April 21, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 14-20, 2023. Cunningham, Jerry R. Marlatt and Felix R. Hall (Wake Forest University), Erin C. Liekefett, Derek Zaba, and Eric S.

Debt Financing 229

Debt Financing Banking Equity Finance 229

Harvard Corporate Governance

DECEMBER 1, 2023

Beyond the “mission creep” theory, I also present evidence that reductions in the FDIC’s capacity to efficiently resolve failed banks may explain some of the rise of FDIC costs and uninsured depositor rescues, but that this is likely of secondary importance. This post is based on his recent paper. Thus, the SRE is not invoked lightly.

Banking 173

Banking Treasury Compliance Marketability 173

Audit Board

SEPTEMBER 28, 2022

But for the internal audit profession to mature beyond simply protecting value to also becoming value creators, we need to build collaborative relationships with our fellow assurance professionals. We are living through unpredictable times, with potentially catastrophic risks perched on and beyond the horizon.

Enterprise Value 98

Enterprise Value Compliance Equity Technology 98

ThomsonReuters

MARCH 19, 2024

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same.

Start-ups 52

Start-ups Compliance Technology 52

Norman Marks

SEPTEMBER 11, 2023

I have recently seen a few articles that discuss this issue, including: Metrics that Matter: Measuring Internal Audit’s Performance by Karen Kroll Report: Risk Orientation is Critical to Chief Audit Executive Effectiveness by the staff of IA360 The biggest secrets to being a great internal auditor in 2024 and beyond by Hal Garyn Are Internal […] (..)

49

49

Audit Board

NOVEMBER 9, 2023

In some respects, this is similar to how the role of internal audit can get misconstrued. But when I made the switch from external to internal audit, my role had scarcely changed in the eyes of many of my peers. Beyond a single focus on teeth, but rather exploring the heart and mind of the organisation.

52

52

Internal Audit 360

MARCH 2, 2023

But the cyber risk might take the likelihood of achieving objectives beyond the tipping point, a concept made famous by Malcolm Gladwell in The Tipping Point: How Little Things Can Make a Big Difference. But the robotics cyber risk would take the likelihood beyond the 10 percent limit. It’s not about whether the cyber risk is “high.”

Compliance 105

Compliance Marketability 105

Internal Audit 360

DECEMBER 22, 2022

From an internal audit perspective, it meant focusing on helping to make those organizations more resilient in the face of uncertainty and rapid change. As we look back on the top internal audit articles of 2022, we see many of these themes emerging in the articles that ranked the highest among you, our readers.

Start-ups 98

Start-ups Compliance 98

Norman Marks

OCTOBER 24, 2022

I was honored to be the opening speaker of the conference, talking about “Selecting the Technology for Internal Audit in 2022 and Beyond”. My theme was that before you dive in and spend internal audit’s limited budget on some of the fancy technology advocated […].

Technology 62

Technology 62

Internal Audit 360

APRIL 14, 2022

T he recent evolution of the Three Lines model underscores the idea that internal audit must work to create and protect business value. In such situations, internal audit has a unique opportunity to create value by assessing how management governs such transformation. When should internal audit plan for a change governance audit?

Start-ups 98

Start-ups 98

Internal Audit 360

MARCH 29, 2023

Data conformance to hypotheses is critical when testing full datasets and positions internal auditors to size issues more precisely with a clear audit trail for all exceptions. We need documented evidence to support our audit findings. What about the footprints? We cannot conclude easily and with clarity that Bigfoot is out there.

Banking 98

Banking 98

Internal Audit 360

SEPTEMBER 27, 2023

A mong the most difficult factors to consider before and during an internal audit is its scope, or the boundaries and objectives of the audit. Set too narrow and it may seem like the audit findings wont amount to more than a drop in the bucket. The audit objectives serve as the foundation for setting the scope.

Compliance 52

Compliance Start-ups 52

Audit Board

OCTOBER 30, 2022

Thousands of audit, risk, sustainability, and compliance professionals tuned in virtually for Audit & Beyond 2022 , AuditBoard’s fourth annual user conference, joined by hundreds who attended the event in person at Terranea Resort in Los Angeles, CA. Today’s challenges defy a siloed approach to managing risk.

Compliance 52

Compliance Technology 52

Audit Board

NOVEMBER 20, 2023

In the latest installment of our Spotlight on Success series, Meghan Boyd (Senior Manager, Business Controls), Shawn Hafner (Director, Internal Controls), and Craig Hansen (Director, Digital Technology Audit) at Carrier Corporation share how they leveraged AuditBoard’s connected risk platform to develop a comprehensive aligned risk structure.

Start-ups 52

Start-ups Technology 52

Audit Board

OCTOBER 18, 2023

With AuditBoard® Analytics, teams can drive efficiencies, increase coverage and audit precision, and improve decision making, all part of our connected risk platform. With AuditBoard® Analytics, teams can drive efficiencies, increase coverage and audit precision, and improve decision making, all part of our connected risk platform.

52

52

Audit Board

SEPTEMBER 28, 2023

Global Risk in Focus provides practical, data-driven research to help internal auditors and their stakeholders understand the current risk landscape and prepare internal audit plans for the years ahead. The report found that cybersecurity (73%) and human capital (51%) are currently the most prevalent risks across the globe.

Start-ups 52

Start-ups 52

Audit Board

AUGUST 25, 2022

If you want a fully staffed internal audit department composed of the best and brightest talent with the collective expertise to address the extraordinary risks facing your organization, it’s time to rethink your approach to recruiting and retention. . Internal audit is struggling to find and keep talent.

Technology 98

Technology 98

Audit Board

JUNE 21, 2023

In our Spotlight on Success series, Jeff Wing, AVP, Internal Audit at Thryv, Inc. Seamlessly automating workflows and processes to reduce time and effort for the internal audit team and 180 stakeholders. Seamlessly automating workflows and processes to reduce time and effort for the internal audit team and 180 stakeholders.

52

52

Audit Board

JUNE 21, 2023

In our Spotlight on Success series, Jeff Wing, AVP, Internal Audit at Thryv, Inc., Seamlessly automating workflows and processes to reduce time and effort for the internal audit team and 180 stakeholders. Seamlessly automating workflows and processes to reduce time and effort for the internal audit team and 180 stakeholders.

Compliance 52

Compliance 52

Harvard Corporate Governance

NOVEMBER 27, 2022

This post is based on her Conference Board memorandum, in partnership with ESG analytics firm ESGAUGE and compensation advisory firm Semler Brossy. Related research from the Program on Corporate Governance includes The Perils and Questionable Promise of ESG-Based Compensation (discussed on the Forum here ) by Lucian A. Introduction.

Compliance 351

Compliance Finance Equity Marketability 351

Audit Board

OCTOBER 26, 2023

With risks emerging and changing faster than ever, internal audit is uniquely positioned to offer insight and foresight. At most, 10% of internal auditors are using generative AI in any way in their own work, and 50–75% have not made any efforts to explore or implement generative AI in internal audit.

Start-ups 52

Start-ups Banking Technology Compliance 52

Harvard Corporate Governance

AUGUST 18, 2023

McDonald and Roger A. Darby, Rick S. Horvath, and Matthew F. Williams, Dechert LLP, on Tuesday, August 15, 2023 Tags: Delaware articles , Delaware cases , Delaware Court of Chancery , Delaware law , Mergers & acquisitions , stockholders The Corporatist Foundations of Financial Regulation Posted by David T. Regner and Marisa K.

Compliance 186

Compliance Banking Marketability 186

Audit Board

DECEMBER 7, 2022

Internal audit serves as the last line of defense in this approach, integrating ESG risk and compliance considerations into the audit plan while driving discipline and controls around material ESG risks. Three Key ESG Internal Audit Planning Considerations . How does that fit into the internal audit plan?

Compliance 52

Compliance Marketability 52

ThomsonReuters

JULY 6, 2023

Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable. If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. What are tax advisory services?

Accounting Firms 98

Accounting Firms Start-ups Finance Mergers & Acquisitions 98

Audit Board

MAY 31, 2023

Creating an internal audit function early in your company’s history can bring significant long-term benefits. As someone who has led internal teams at several organizations including startups, I have witnessed firsthand the difference an internal audit function can make.

Start-ups 52

Start-ups Compliance 52

Audit Board

MAY 24, 2023

She brings deep experience in leading finance organizations at high-growth SaaS companies through IPO and beyond and serves on both the board of directors and audit committees for public and private companies. Oulman currently serves as a member of the board and the audit committee chair for both CalAmp and Plume Design, Inc.,

B2B 52

B2B Finance Market Capitalization Compliance 52

Audit Board

DECEMBER 7, 2022

Would it surprise you that the IPPF does not require an annual audit plan? There are another 25 mentions in Implementation Guidance, but only two about audit plans that “typically are prepared annually” — but may also be multi-year — and “may be assessed annually.”. What Does the IPPF Say About Audit Plans? .

Technology 52

Technology 52