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6 Internal Audit Resolutions for 2023

Audit Board

My tradition for the past several years has been to embrace my first blog of the year as an opportunity to set out timely, issues-focused New Year’s resolutions for our profession. Some resolutions focus on ways to better navigate all of the listed risks; others hone in on top-ranking risks. Our focus must be on the risks. .

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Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

At the end of the day, if you currently employ talented, high-performing accountants or are looking to hire some, make sure you pay them what they’re worth—or risk losing them to a firm that will. Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. hours per week.

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Challenges and changes within the audit industry

ThomsonReuters

The introduction of the International Sustainability Standards Board (ISSB) in November 2021 has set out to improve the comprehensiveness and quality of ESG reporting with four key objectives. Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider.

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Integrate or Die: Why Surviving the New Era of Risk Requires Connecting People, Technology, and Business

Audit Board

Surviving today’s chaotic risk environment demands that companies find new ways to get ahead of risk. PRAC examines the key questions companies must ask to build a more balanced and integrated view of risk: Performance — How well are you running the business? Assurance — Are you mitigating the right risks in the right way?

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The Essentials of Integrated Risk Management (IRM)

Audit Board

Integrated risk management (IRM) is a strategic and collaborative way for organizations to manage risk across their entire group. This strategy accepts risk as a part of doing business, and pulls it into a company’s culture so that the organization manages risk as a part of both daily operations and long-term strategy.

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Enterprise Risk Management (ERM) Fundamentals

Audit Board

By establishing a strong ERM program , organizations can better understand their risk appetite and improve decision-making capabilities, prioritizing initiatives and mitigation plans that support the company’s goals. The practice of risk management has a long history, with origins dating back to the 1920s.

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Selling Your Business in Uncertain Times: Strategies for Navigating the Current Economic Landscape

Sun Acquisitions

Conduct a thorough financial analysis to identify potential weaknesses or areas needing improvement. This could mean shifting your product or service offerings, exploring new revenue streams, or finding ways to deliver value in a remote or digital environment.