Audit Board

JANUARY 12, 2023

Cybersecurity risk assessments are a means for organizations to assess risks to their information assets and are a core requirement of most cybersecurity frameworks. But this often leaves organizations in a position where there is little certainty about where to start. .

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

OCTOBER 16, 2023

Modern ERM teams are tasked with identifying and reporting on the top risks that might prevent their organization from achieving its business objectives. Yet, there is growing evidence that these ERM programs are not doing enough to protect their businesses from operational risk events linked to their unique risk profiles.

Start-ups 52

Start-ups Banking Technology Compliance 52

Audit Board

SEPTEMBER 19, 2023

What are your top priorities when developing a strategic IT risk program? Must-haves of effective IT and cyber risk functions, and transformative technologies for IT risk organizations. How to effectively position your function for the right amount of investment from leadership within your organization.

Compliance 52

Compliance Technology 52

Audit Board

APRIL 27, 2022

Digital risk has become one of the fastest-growing, most pervasive risks in any organization. Gartner defines “ digital risk ” as the set of risks inherent in digital products, services, and supporting processes. Organizations Are Maturing, But Not Fast Enough.

Technology 105

Technology Compliance 105

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 will also substantiate the accuracy of any ESG-related data your organization discloses to employees, stakeholders, and regulatory entities.

Compliance 98

Compliance Start-ups Equity Finance 98

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.

Market Risk 52

Market Risk Start-ups Marketability Compliance 52

Audit Board

AUGUST 8, 2023

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.

Compliance 52

Compliance Start-ups Technology Marketability 52

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. Further, the Global Minimum Tax (GMT) (GloBE or Organization for Economic Cooperation and Development BEPS 2.0

Technology 96

Technology Compliance Start-ups Finance 96

Audit Board

AUGUST 1, 2023

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.

Technology 52

Technology Start-ups Compliance Marketability 52

Audit Board

SEPTEMBER 7, 2023

Who owns environmental, social, and governance (ESG) in your organization? What does “good” ESG governance and strategy look like, and how are companies integrating it with existing risk and compliance governance structures? Who should own it? Every company wants to know how other companies are handling ESG.

Compliance 52

Compliance Start-ups Specific Risk Marketability 52

ThomsonReuters

JANUARY 9, 2024

To do this, there are three key considerations to bear in mind: Harnessing technology will be central to managing 2024 GMT requirements efficiently Navigating the intricate web of new regulations entails overseeing the distinct rules set across 138 countries in the BEPS initiative.

Technology 88

Technology 88

Audit Board

JANUARY 9, 2023

The good news is that companies are well aware of these concerns and see the need to improve their risk management positions in the coming year. According to a recent report from Protiviti , companies of every size — from established blue chip businesses to small startups — plan to strengthen their risk management processes in 2023. .

Technology 52

Technology Compliance Marketability 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.

Technology 52

Technology Compliance 52

Audit Board

AUGUST 29, 2023

But the 2020s are a different kind of chaos, with one risk-disruptive crisis after another, from COVID, supply chain woes, and war in Ukraine to inflation, waning confidence in banking and the capital markets, climate impacts, domestic political polarization, and more. Our organizations need us more than ever.

Technology 52

Technology Compliance Start-ups Banking 52

Audit Board

SEPTEMBER 29, 2023

In today’s data-driven business environment, ineffective cyber risk management can pose a serious threat to achieving strategic business objectives. According to PwC ’s 2023 CEO Survey, cyber risk ranks among the top three areas where insurance CEOs feel most financially exposed , in addition to inflation and economic volatility.

Compliance 52

Compliance Technology Finance Marketability 52

Audit Board

NOVEMBER 6, 2023

Not all risk-based approaches are created equal: does your bottom-up planning start with risks in mind? The traditional audit planning process starts with understanding the risk profile of your audit universe, all auditable entities, then building a plan based on risk ratings for the predetermined entities.

Start-ups 52

Start-ups Specific Risk Technology 52

Audit Board

NOVEMBER 1, 2023

IT risk assessments can be a great way to gain insight into your organization’s IT environment, risks, and controls. Not only do IT risk assessments provide a comprehensive view of an organization’s security risk posture, but they also offer insights into the identification and prioritization of evolving threats.

Compliance 52

Compliance Technology Dividends Start-ups 52

Audit Board

AUGUST 15, 2022

Third-party risks change as the business changes. Security breaches, new contracts, and changes in internal risk ownership — to name a few examples — can all impact the performance of a third-party risk management program (TPRM). The following are the most commonly used tools for assessing third-party risk: .

Compliance 52

Compliance 52

Audit Board

FEBRUARY 8, 2023

Many risk and audit professionals are intimidated by continuous risk monitoring. In surveys, at conferences, and in casual conversation, the majority of internal auditors and risk managers will admit the truth: They feel like they don’t know how to do it, or even where to start. This is no time to keep our heads down.

Start-ups 59

Start-ups Technology Compliance 59

Audit Board

APRIL 1, 2022

During this period, the PCI Security Standards Council recommends that organizations use the time to study v4.0, an “at a glance” overview of the new standard, and additional documents and educational resources to help organizations become familiar with PCI DSS v4.0 To help ensure smooth adoption, the previous standard, PCI DSS v3.2.1,

Compliance 98

Compliance Technology 98

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.

Compliance 52

Compliance Start-ups Technology Specific Risk 52

Audit Board

JULY 27, 2022

As the head of a critical independent oversight function of an organization, the CAE operates within the typical leadership structure of the organization, but reports directly to the audit committee. . Four Ways CAEs Can Promote a Risk-Based Audit Committee Meeting. Highlight Current Risk Exposures.

Compliance 89

Compliance Technology 89

Audit Board

APRIL 13, 2023

Management review controls (MRCs) are critical to any organization’s internal control framework. By their nature, MRCs vary greatly, allowing management the flexibility to enact specific control processes designed to fit the needs of a unique situation that may otherwise lack control.

Technology 52

Technology Compliance 52

Audit Board

JUNE 6, 2023

One example of a current advancement is moving to a more quantifiable risk assessment approach through developing solutions that provide real-time monitoring of risks and control metrics across multiple areas within the organization.

Compliance 52

Compliance 52

Audit Board

FEBRUARY 6, 2023

How risk aware is your organization? Without risk awareness and communication, organizations can so easily fall into a false sense of security. In other words, there is a gap between the understanding of strategic risks and the underlying operational risks.

Compliance 52

Compliance Start-ups 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.

Compliance 52

Compliance Technology 52

Audit Board

JUNE 13, 2022

Integrated risk management (IRM) is a strategic and collaborative way for organizations to manage risk across their entire group. What Is Integrated Risk Management (IRM)? What Is Integrated Risk Management (IRM)?

Compliance 52

Compliance Technology Start-ups Marketability 52

Audit Board

APRIL 21, 2022

Cybersecurity has been a top risk to businesses for several years, and most businesses have taken this threat very seriously. Companies’ actions to mitigate cybersecurity risk are not generally visible to the public, so investors are often in the dark when deciding which companies are good options for their investments. .

Compliance 98

Compliance Start-ups Technology Finance 98

Audit Board

MARCH 9, 2023

Surviving today’s chaotic risk environment demands that companies find new ways to get ahead of risk. Business leaders need to be more effective in identifying, understanding, and measuring the risks and risk priorities most relevant to their businesses, enabling them to make better, more risk-informed decisions.

Technology 52

Technology Compliance Marketability 52

Audit Board

JANUARY 25, 2023

In addition, these new reporting efforts have created independent cost structures within companies dedicated to managing sustainability and ESG risks in an ad-hoc, fragmented way. Here are three reasons you should invest in an integrated approach to solve your ESG challenges. Independent reporting is costly and not effective.

Start-ups 52

Start-ups Technology Compliance 52

Audit Board

JUNE 15, 2023

In the field of cybersecurity, risk management, and compliance, there are a collection of acronyms that you’ll hear often enough. Each of these organizations plays a role in the shifting tectonics of security, compliance, and risk. The NIST CSF has five central functions: Identify, Protect, Detect, Respond, and Recover.

Technology 52

Technology Compliance Start-ups Finance 52

Audit Board

SEPTEMBER 20, 2023

Throughout the preparation of financial statements, companies need to be aware of ICFR requirements, considering the organization’s control environment, control activities, any control deficiencies, and their effect on the risk of material misstatement. ICFR’s importance rose with the Sarbanes-Oxley Act of 2002 in the U.S.,

Compliance 52

Compliance Technology Start-ups Accounting Firms 52

Audit Board

MAY 8, 2023

How can you ensure your company’s systems users and employees are creating passwords that will protect confidential data, keep communications private, and prevent cyberattacks from damaging the company’s reputation and bottom line? This error leads to potential data exposure every time you need to reset your password. Section 5.22

Compliance 105

Compliance Technology 105

Audit Board

APRIL 7, 2022

As the importance of risk management continues to grow in a volatile risk environment, organizations are seeking to examine risk metrics from their key risk indicators (KRIs) to gain insights into top risks and forecast future risks. What are the risks we want to mitigate?

Start-ups 98

Start-ups Compliance Banking Technology 98

Audit Board

MAY 5, 2023

ESG Maturity Landscape : best practices for growing your own organization’s ESG maturity. Claire Feeney: “Your ESG teams are going to be asked to provide assurance that ESG data is accurate and that it’s ready for an external audit. Four key competencies for ESG success : factors to consider when building an ESG program.

Start-ups 52

Start-ups Compliance Technology Marketability 52

Audit Board

SEPTEMBER 6, 2023

When reporting on your InfoSec compliance program to the Board, the main goal is to ensure board members are aware of high-risk cybersecurity items and InfoSec has the appropriate budget to address them. Download the full guide here , and continue reading below for six categories to address in your board report.

Compliance 52

Compliance Technology Marketability 52

Internal Audit 360

JANUARY 16, 2024

Encourage the use of password managers and implement multi-factor authentication (MFA) to add an extra layer of security. Access Management: Granular access controls based on the principle of least privilege ensure only authorized individuals have access to the data and systems they need to perform their jobs.

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