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4 Reasons Your Start-Up Needs an Internal Audit Function

Audit Board

Creating an internal audit function early in your company’s history can bring significant long-term benefits. Every company, especially private companies and startups, can benefit from the specialized skills internal auditors bring to the business and the culture of control they can help establish.

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An Open Letter to the IIA Regarding the Draft Standards Update

Internal Audit 360

GUEST BLOG Editor’s Note: The views expressed here are the opinions of the author. I n March, the Institute of Internal Auditors released a draft version of an overhaul of its professional practice standards and framework that intend to guide the behavior and actions of internal auditors as they carry out their work.

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Internal Audit: A Bright Future or Storm Clouds?

Audit Board

The internal audit profession is at a crossroads. Signs that internal audit is heading toward a bright future , including resilient resources and cultivating a diversity of skills. . How internal audit can contend with the unrelenting pressure of new risks to make sure that our brightest days are ahead.

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Preparing for the SEC Cybersecurity Disclosure Proposed Rules: Key Steps and Questions

Audit Board

Given the need for consistency and transparency in financial reporting, we believe there is a high likelihood that these rules will come to pass. Pulling off this monumental task requires an integrated approach to pull everything together quickly and accurately — and the time to start preparing is now. .

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What Is a Risk Assessment Matrix? And Why Is It Important?

Audit Board

In today’s modern threat landscape, compliance risk, cybersecurity risk, fraud risk, and even climate change risk can have a significant impact on your company’s reputation and bottom line. While you’ll never be able to eliminate business risk entirely, prevention is the best insurance against loss. How Does a Risk Matrix Work?

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Legal Experts Weigh-in on Labor Department’s Upcoming Worker Classification Rule?

ThomsonReuters

Department of Labor (DOL) recently indicated that the final version of the worker classification rule it proposed last year will be delayed up until October 2023. Recently, Checkpoint Payroll Update  had the opportunity to speak with two labor and employment law specialists and subject matter experts. Background on DOL’s rule. 

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ESG Regulations Guide: Decoding the US, UK, and EU Climate Rules

Audit Board

With the rise of each new question or headline about environmental, social, and governance (ESG) risks and regulatory requirements, your organization expects you to have answers. Applicability Which ESG regulations apply to your organization? They look at you like you’re an expert, but you don’t always feel like one.