Audit Board

OCTOBER 23, 2023

Stay tuned for a second article deep dive into GE’s journey with a data-driven dynamic risk assessment. Learn more about Dynamic Risk Assessment solutions powered by AuditBoard and EY here. Identify Risk Through Data-Driven Inputs The “risk then data, or data then risk?”

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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. The goal of AuditBoard AI is to help teams focus on solving new risks more quickly.

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Compliance Technology 69

Sun Acquisitions

APRIL 26, 2024

Risk Mitigation and Reputation Management One of the primary reasons sustainability has become integral to the M&A process is risk mitigation. Companies with poor environmental, social, and governance (ESG) practices are exposed to regulatory, legal, and reputational risks.

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ThomsonReuters

OCTOBER 24, 2023

Data consolidation challenges, complex calculations, and reporting requirements can turn the trek into a daunting ordeal fraught with time-consuming inefficiencies and greater risk of errors. based CFO Consultants, in a blog post. Once the data is consolidated, the next challenge is making sense of it all.

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Audit Board

MAY 10, 2023

This article originally appeared on the ISACA Blog. As a result of those relationships we are able to understand how the compliance function is changing to face evolving challenges like increased regulatory complexities, increasing institutional oversight, and the workplace’s digital transformation.

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Audit Board

DECEMBER 18, 2022

This article originally appeared on the ISACA Blog. While cloud computing provides a long list of benefits, it is not without challenges. Having previously discussed cloud computing essentials , in this article, we’ll focus on how to tackle key auditing challenges. . Why does cloud security present such a challenge? .

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Compliance 52

ThomsonReuters

MARCH 20, 2024

Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. These issues and more were discussed by tax and trade experts in a recent webinar hosted by Thomson Reuters “ Empowering retailers to thrive and modernize tax management in an omnichannel landscape.”

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Internal Audit 360

MARCH 29, 2023

GUEST BLOG POST O ver recent years, I have found myself watching various specials on TV about the mythical Bigfoot creature. Because Internal auditors can face similar challenges in proving their findings. Evidence of control performance, outcomes achieved, and management review is critical. We trust but always verify.

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Banking 98

Audit Board

NOVEMBER 16, 2023

Today’s organizations face a risk environment best described as permacrisis, a new term to define our “extended period of instability and insecurity.” In permacrisis, risk is growing, accelerating, and evolving, becoming more interconnected and complex — but organizational capacity to manage risk isn’t keeping up.

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Technology Compliance 52

ThomsonReuters

JULY 11, 2023

Facing a rise in client expectations and an increasingly complex regulatory environment , a growing number of firms are looking to transform their practice and take their advisory services to the next level. Firms have various situations when working with clients, such as tax planning, tax preparation, or risk management.

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Audit Board

JULY 26, 2023

We live in the era of technological transformation, where business-owned digital assets brim with an abundance of sensitive employee, customer, and vendor data, while a formidable burden rests upon the shoulders of the information security teams tasked with safeguarding these assets through robust and resilient IT risk management programs.

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Start-ups Technology 52

Audit Board

DECEMBER 25, 2022

Risk management professionals face an unprecedented challenge trying to keep up with the increasing rate of change in the risk landscape. Many risk managers tune in to AuditBoard’s Webinar Series to keep up to date about emerging risks and mitigation strategies from industry-leading experts.

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ThomsonReuters

JUNE 16, 2023

That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients. Change is not easy.

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Technology Start-ups Accounting Firms Compliance 98

Audit Board

OCTOBER 16, 2022

Increasing risk velocity and volatility converged in 2022 to create unprecedented risk bedlam. How can you use that knowledge to help your organization get ahead of risk and set the right priorities for next year? Risk bedlam is no time for us to be timid. Forge a Talent Management Strategy. What have you learned?

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Audit Board

OCTOBER 30, 2023

Today’s business and IT leaders face unprecedented challenges in understanding and quantifying IT risk. How resilient is your organization’s IT risk management (ITRM) program? Different parts of the business naturally have different views on risk.

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ThomsonReuters

MAY 27, 2022

First, there was the trade war with China, then global demand for goods crashed during the pandemic, only to return faster than expected supply, which created a cascade of logistical challenges involving cargo, shipping, factory operation, and personnel. Managing supply chain issues through uncertainty.

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Compliance Technology Marketability 96

Audit Board

JUNE 3, 2022

Environment, Social, Governance (ESG) is a framework for assessing risks to a company’s operations related to large-scale, long-term environmental, social, and governance issues. An ESG audit is an assessment of the risks an organization faces related to environmental, social, and governance domains. What Is an ESG Risk? .

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Compliance Start-ups Equity Finance 98

ThomsonReuters

JUNE 7, 2023

From the middle of the bustling expo at PayrollOrg’s 41st Congress conference in Denver on May 17, Lisa Weckman, VP of Product at Ceridian, talked with Checkpoint Payroll Update about global payroll challenges facing the industry. “If you just look at the U.S., “If you just look at the U.S.,

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Compliance Technology 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. A Connected Risk Model Is Key to Close the Business Resilience Gap.

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Audit Board

MARCH 29, 2023

In a constantly shifting risk landscape, risk management leaders need to regularly reassess the priority of the risks impacting their organization. Reprioritizing requires awareness of the risks already present, emergent risks on the horizon, and risk intersections that lead to unexpected impacts.

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Technology Compliance Finance 52

Audit Board

SEPTEMBER 21, 2023

Financial risk management is a function of enterprise risk management (ERM) that has to do with handling, identifying, and treating financial risks. Healthy cash flow, diversification, and competent financial management all play a hand in an effective financial risk management strategy.

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Audit Board

FEBRUARY 28, 2023

Respondents from CyberRisk Alliance Business Intelligence’s November 2022 Third-Party Risk Survey believe third parties are increasingly the cause of IT security incidents, while some think they have been the primary source of attacks in the past two years. Without having clear visibility into the remediation process, it poses a big risk.”

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Compliance Technology 52

Audit Board

JUNE 2, 2022

Whether an organization works with 10, 1,000, or 10,000 third parties, any third-party risk management (TPRM) program faces the same challenges: organization, visibility, and limited resources. How an organization approaches these challenges from the beginning can set a third-party risk program up for success or failure.

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Technology Compliance 52

Audit Board

DECEMBER 12, 2022

With recessionary concerns impacting decision-making, economic uncertainty is creating massive risk for internal auditors and the organizations they serve — risk that will continue long into 2023. . Even as we face budget and resource pressures, we need to roll up our sleeves, follow the risks, and get to work demonstrating our value.

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Audit Board

MARCH 16, 2022

In an era of unprecedented risk volatility, long-term business success requires getting in front of risk. As business leaders across the globe look to the future, they see an urgent need to streamline, automate and integrate their businesses in the face of great uncertainty. Four Critical IRM Objectives. Performance. Resilience.

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Compliance Technology 52

ThomsonReuters

FEBRUARY 15, 2021

Manually updating and maintaining new classification codes and duty rates is a time-intensive and risk-inducing process. Panasonic, Sony, Honda, Dyson, Barclay’s, HSBC—moved their European headquarters out of the UK or took measures to limit their risk exposure. Continuous business challenges of all kinds.

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Compliance Technology Start-ups 105

Audit Board

JULY 26, 2022

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. Key Challenges in the Cannabis Industry and How Internal Audit Can Help.

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Technology Banking Compliance 52

Audit Board

DECEMBER 1, 2022

However, this relative sense of calm may be masking challenges in addressing existing and emerging risks. 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.

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Start-ups Technology 52

Audit Board

MAY 6, 2022

During those meetings, the audit committee needs to digest a great deal of information related to trends and risk exposures that are occurring, the organization’s performance in managing risk, and internal audit strategies to improve their focus on risk, as well as to review the structure and composition of the department’s resources. .

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Audit Board

SEPTEMBER 28, 2022

Looking to three non-traditional sources for internal audit talent. ​​ Looking to three non-traditional sources for internal audit talent. ​​ Implementing technology such as risk assessment tools, AI, RPA, and data analytics to save time and stay nimble. Employing an Agile Mindset and Flexible Sourcing to Address Risk.

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Technology Compliance Marketability 98

ThomsonReuters

AUGUST 26, 2022

Using a risk-based approach grounded in comprehensive data, companies can better manage supply chains in an unpredictable world. See how organizations are developing strategies to mitigate different forms of geopolitical risk in our free on-demand webinar, Impact of Sanctions and Export Controls on Global Supply Chains.

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Start-ups Data Analysis Compliance 97

Audit Board

AUGUST 16, 2023

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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Audit Board

FEBRUARY 15, 2023

Kiko Harvey of USC discusses her challenge-oriented approach to her career and finding satisfaction in tackling the problems that matter. Change Agents Thrive on Challenge and Learning New Things Richard Chambers: I’ve known you for a long time, Kiko, and I’ve been so impressed by how agile you’ve been with your own career.

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Start-ups Technology 52

Audit Board

APRIL 13, 2023

Facing a constantly expanding risk spectrum, today’s business leaders are prioritizing efforts to improve and connect risk management efforts. Measures of business success are evolving beyond financial performance, combining the quantitative and qualitative to more holistically explain risk and value creation over time.

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Compliance Start-ups Technology Specific Risk 52

Audit Board

FEBRUARY 26, 2023

A new report by the Chartered Institute of Internal Auditors (CIIA), Association of Insurance and Risk Managers in Industry and Commerce (Airmic), and AuditBoard demonstrates why risk and internal audit professionals need to relook at the way they collaborate, as their organisations build resilience amid the maelstrom of geopolitical risks.

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ThomsonReuters

JULY 2, 2021

In the aftermath of Brexit, most companies that conduct business in the United Kingdom (UK) and European Union (EU) have absorbed the initial shock and are now looking for more stable, long-term solutions to the challenges posed by the UK’s new trade regime. maintain a robust origin management system to prevent errors and reduce risk.

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ThomsonReuters

MAY 12, 2023

As CPA firms navigate the ever-evolving digital economy, they are faced with various challenges that threaten their profitability and longevity. But fear not, because, with the right approach, CPA firms can turn these challenges into opportunities for a brighter future. What are the current challenges facing CPA firms?

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