Harvard Corporate Governance

MARCH 27, 2022

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month, with links to primary resources. How does the SEC propose to strengthen its whistleblower program? more…).

Compliance 239

Compliance Equity 239

Internal Audit 360

APRIL 27, 2023

GUEST BLOG A s a consultant, I review internal audit departments at multiple financial services organizations each year while conducting Quality Assurance Reviews. What Is Internal Audit, Exactly? Let’s start by clearly defining Internal Audit. Quality Control Is not Internal Audit! Quality Control Is not Internal Audit!

Compliance 98

Compliance Technology 98

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

Internal Audit 360

FEBRUARY 1, 2024

GUEST BLOG POST A t well-governed public companies, the decision to remove a chief audit executive (CAE) is ideally made by the audit committee of the board of directors, especially if the removal is “for cause” or performance. In practice, CAEs are often removed unilaterally by management without audit committee involvement.

Accounting Firms 52

Accounting Firms Compliance Banking Technology 52

Audit Board

NOVEMBER 16, 2023

New study finds that as the digital transformation of business accelerates, risk and internal audit leaders shift their focus to managing technology-driven risk. The survey also reveals the use of internal audit strategic plans is lagging, with only one in five functions reporting comprehensive, well-documented strategic plans.

Technology 52

Technology Compliance 52

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

Audit Board

OCTOBER 16, 2023

The successful deployment of audit analytics can lead to more accurate testing, automation of audit workflow processes, and overall improved audit efficiency. 68% of CAEs would invest in more analytics if they had the resources ( The Institute of Internal Auditors’ (IIA) 2022 North American Pulse of Internal Audit Survey ).

Technology 52

Technology Compliance Marketability 52

Audit Board

JULY 13, 2023

We readily grasp the big picture and identify potential improvements to organisational governance, risk management, and internal control. We know how to conduct a value-for-money audit, but use only rudimentary measures of our own economy, efficiency, and effectiveness. Internal audit has its own value chain.

Start-ups 52

Start-ups Technology 52

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

AUGUST 16, 2023

In times of economic crisis, business leadership must lean on the guidance and insights of its audit, risk, and compliance professionals to make decisions that protect value. Experts from AuditBoard, the Chartered IIA, and SoftwareOne discuss the role internal audit can play in periods of economic volatility.

Compliance 52

Compliance Marketability 52

Harvard Corporate Governance

JULY 20, 2023

Further, through Glass Lewis’ web-based vote management system, Viewpoint, Glass Lewis provides investor clients with the means to receive, reconcile, and vote ballots according to custom voting guidelines and record-keep, audit, report, and disclose their proxy votes. Posted by Eric Shostal, Glass Lewis & Co. ,

Marketability 100

Marketability 100

Internal Audit 360

OCTOBER 11, 2022

[dropcap]O[/dropcap]ver my long career, I have often heard, in one form or another, the phrase: “You just can’t audit that!”. The first time I heard it came when I was an internal audit manager for a financial institution. I had one of my team (who had recently completed a class in operational auditing) perform the audit.

Compliance 98

Compliance Marketability 98

Audit Board

APRIL 13, 2023

LOS ANGELES, CA - April 13, 2023 – AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced that it has once again been rated as Leader in both the Audit Management and GRC Spring 2023 Grid Reports from G2.com

B2B 52

B2B Compliance Marketability 52

Audit Board

NOVEMBER 16, 2023

In permacrisis, risk is growing, accelerating, and evolving, becoming more interconnected and complex — but organizational capacity to manage risk isn’t keeping up. This unprecedented risk landscape is extraordinarily challenging for internal audit, requiring strategic planning and decisive, transformative action.

Technology 52

Technology Compliance 52

IVSC

SEPTEMBER 30, 2022

Japheth Katto (Uganda) , is a corporate governance and financial services regulation consultant and managing partner of Japheth Katto Consult which focuses on board training and development, board evaluations, board searches and board remuneration surveys. Prior to then he held various accounting and auditing roles in East Africa and the UK.

Banking 246

Banking Start-ups Marketability Finance 246

ThomsonReuters

JUNE 28, 2023

Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management. The ability to accurately identify and manage this data helps your clients build trust amongst their stakeholders and demonstrates a commitment to society.

Accounting Firms 98

Accounting Firms Compliance Start-ups Technology 98

ThomsonReuters

JUNE 6, 2022

When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. But how do you stay current on accounting and auditing standards when there are new developments happening all the time?

Start-ups 142

Start-ups Technology 142

Internal Audit 360

APRIL 27, 2022

While there is very little debate that the head of internal audit, usually the chief audit executive (CAE), should report functionally to the board (usually the audit committee of the board), there are some strong opinions on where it should report for administrative purposes. Approving the risk-based internal audit plan.

Start-ups 98

Start-ups 98

IVSC

JUNE 6, 2023

Previously, she was on the Harvard Business School faculty and an Arthur Andersen & Co audit partner. Previously, Erica was Chief Financial Officer of Carlyle’s Global Credit segment and before that she was responsible for the Fund Management Operations of Carlyle’s Europe based private equity funds, based in Luxembourg and London.

Equity 130

Equity Mergers & Acquisitions Marketability 130

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

Audit Board

JANUARY 17, 2023

Internal audit is part of an organization’s assurance program. We must align with the business to understand management’s objectives in detail. After all, by definition, internal audit “ helps an organization accomplish its objectives.” How Do You Create a Collaborative, Risk-Based Audit Plan?

52

52

Audit Board

DECEMBER 1, 2022

LOS ANGELES, CA - December 1, 2022 – AuditBoard , the leading cloud-based platform transforming audit, risk, and compliance management, today announced the release of its 2023 Focus on the Future report based on an annual survey of internal audit leaders across North America.

Technology 52

Technology Compliance 52

ThomsonReuters

AUGUST 10, 2023

Charting a smooth course, either on the open seas or at your audit firm, is an exciting opportunity for explorers and tax professionals alike. Here, we will talk through some best practices when implementing new audit software solutions as well as some common pitfalls that can arise throughout the process.

Technology 97

Technology 97

Internal Audit 360

SEPTEMBER 1, 2022

I t’s easy for internal audit to get stuck in a rut. We approach the year with plans to revise last year’s internal audit plan, but in the end, we don’t change that much. We move to the comfort zone and put the audits we know how to do and the ones that seem important on the audit plan.

Marketability 98

Marketability 98

Audit Board

JANUARY 25, 2023

We have once again witnessed wealth destruction on a massive scale because a company didn’t regard culture, governance, risk management, or internal controls as important. Ray III, the restructuring expert charged with managing Enron’s and several other high-profile liquidations, was appointed FTX’s CEO.

98

98

Audit Board

JUNE 3, 2022

These risks, however, are also opportunities for growth – to become the ethical, inclusive, and sustainable workplaces that not only manage risk, but proactively increase their stakeholders’ quality of life. Read on to learn more about what an ESG audit entails and our preliminary ESG audit checklist. . What Is an ESG Audit?

Compliance 98

Compliance Start-ups Equity Finance 98

ThomsonReuters

FEBRUARY 16, 2024

This makes data management matter more than ever. 2. Aiding in heightened risk management Many global companies are ill-equipped to meet these new demands. Tax managers may spend valuable time dealing with messy data that arrives in a variety of formats and is stored in standalone spreadsheets.

Technology 96

Technology Compliance Start-ups Finance 96

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

SEPTEMBER 12, 2023

Audit and finance leaders are investing in automation and advanced technology tools with continued PCAOB pressures and ESG and Cyber disclosure mandates as a backdrop. The SEC rule will, naturally, result in an increase in the information disclosed related to cybersecurity risk management, governance and material incidents.

Compliance 52

Compliance Technology Finance Marketability 52

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. It is not only time-consuming, but also takes lots of resources as the process can take from a few weeks to several months. What is a sales tax audit?

Compliance 105

Compliance Technology 105

N Contracts

MARCH 15, 2024

Complaint management requires direct communication, but that’s easier said than done. Departments are named after the specific set of tasks they focus on (compliance, risk, vendor management, lending, or customer service). Risk management ensures risk is identified, measured, mitigated, and monitored throughout the institution.

Compliance 52

Compliance 52

Audit Board

AUGUST 29, 2023

LOS ANGELES, CA - August 29, 2023 – AuditBoard , the leading cloud-based platform transforming audit, risk, ESG, and compliance management, today announced the release of their 2023 ESG Maturity Benchmarking Report: Accelerating ESG Transformation. Despite progress, readiness gaps remain at many companies.

Compliance 52

Compliance Technology Marketability 52

Audit Board

DECEMBER 1, 2022

2023 Focus on the Future , AuditBoard’s latest survey of leading internal audit executives, finds internal auditors appear to be coasting in increasingly turbulent times. The survey also revealed a lack of alignment between top risks facing businesses and the level of effort internal audit is putting toward those vulnerabilities.

Start-ups 52

Start-ups Technology 52

Audit Board

AUGUST 9, 2022

At some point in our careers, we’ll all have to audit an area or activity that’s foreign to us. Throughout my career, I’ve had the opportunity to audit companies in the financial services, technology, biopharmaceutical, and government contracting industries, as well as state and local government agencies. . Master the Methodology.

Technology 52

Technology 52

Internal Audit 360

JULY 20, 2022

If internal auditors want to assess the management of cybersecurity risk, they should take a more holistic approach, starting with the answers to the question: “What is the potential effect of a breach on the achievement of the enterprise’s objectives?” Advice for Auditors on Cyber-risk. I will explain shortly.

Compliance 98

Compliance Start-ups Technology 98

Audit Board

JULY 11, 2023

Gartner has named ESG as one of its Top 12 Audit Plan Hot Spots for 2023. This IDC Spotlight, sponsored by AuditBoard, The Coming ESG Reporting Imperative , educates leaders involved in ESG program management on implementing purpose-built ESG reporting. Systematize management. Source the data. Plan for assurance.

Compliance 52

Compliance Technology Marketability 52

Audit Board

NOVEMBER 10, 2022

LONDON - 10 November, 2022 – The EY organization today announces an alliance between AuditBoard, a leading cloud-based audit, risk and compliance management platform, and Ernst & Young LLP (EY US), to provide businesses with access to exceptional consulting services and a suite of risk technology services. .

Compliance 52

Compliance Technology Marketability 52