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Enterprise Risk Management (ERM) Fundamentals

Audit Board

Enterprise risk management is a methodology of risk management, taking a top-down approach to the risk management process, and taking into account the organization and senior management’s business objectives and strategic objectives.

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Conducting Cybersecurity Risk Assessments Guide: The Complete Introduction

Audit Board

Cybersecurity risk assessments are a means for organizations to assess risks to their information assets and are a core requirement of most cybersecurity frameworks. It includes: A process flow for building and manage a cybersecurity risk management program. .

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Essentials of IT Risk Management: Protect Your Organization from Cyber Threats

Audit Board

The SEC recently adopted their proposed rules, including those regarding Cybersecurity Risk Management on July 26, 2023. The stakes and expectations of an organization’s IT Risk Management capabilities have never been higher – and as we all know, the dollar impacts are real.

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Why the Cannabis Industry Needs Internal Audit

Audit Board

Imagine that an exciting, thriving industry — one filled with multi-billion-dollar companies, far-reaching growth potential, and fascinating risks — offered you a wide-open door to build better processes and lay your wisdom at its feet. Focus on Regulation, Less on Broader Risk Management— and an Imminent Need to Address Risk.

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Risk Management 101: Process, Examples, Strategies

Audit Board

Effective risk management takes a proactive and preventative stance to risk, aiming to identify and then determine the appropriate response to the business and facilitate better decision-making. What Are Risks? Nevertheless, we choose to take on those risks, and may benefit from doing so.

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Who Owns ESG Today? Second Line Evolution and the Integrated Reporting Imperative

Audit Board

What does “good” ESG governance and strategy look like, and how are companies integrating it with existing risk and compliance governance structures? Since ESG risk and responsibility span the organization, companies must find ways to improve collaboration and centralize governance. Who should own it?

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Fundamentals of the COSO Framework: Building Blocks for Integrated Internal Controls

Audit Board

The Committee of Sponsoring Organizations of the Treadway Commission, or COSO , is a private sector initiative led by the American Institute of Certified Public Accountants (AICPA), Institute of Management Accountants (IMA), American Accounting Association (AAA), Institute of Internal Auditors (IIA), and Financial Executives International (FEI).