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

JULY 18, 2023

In our Spotlight on Success series, Terri-Anne “TA” Wallen, VP of Enterprise Risk & Assurance Services at Teradata , shares how she leveraged AuditBoard’s connected risk platform to centralize documentation and develop a mature risk management strategy. How has Teradata leveraged AuditBoard to assess risk?

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Start-ups Technology 52

ThomsonReuters

NOVEMBER 29, 2023

This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. During the webinar, panelists discussed ways to reduce risk, avoid audits and potential penalties, and explore solutions to the challenges ahead. It can help under-resourced departments manage audits effectively.

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Startup Valuation Blog

MARCH 13, 2023

Understanding the complex relationship between bankruptcy risk and company valuation is crucial for businesses of all sizes and industries. A firm's value and the risk of the financial crisis that banks must deal with can have complicated and diverse relationships. The bank's collapse prevented the enterprises from accessing deposits.

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Banking Firm Value Finance Equity 100

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.

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Start-ups Banking Technology Compliance 52

Internal Audit 360

JULY 20, 2022

GUEST BLOG: O ne of the challenges when it comes to so-called “cybersecurity risk” is in accepting and then applying the idea that cyber is not an “IT risk.” It’s a business risk. If we are to assess cyber-related business risk, we have to have the answer to that question. Advice for Auditors on Cyber-risk.

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Compliance Start-ups Technology 98

ThomsonReuters

JULY 25, 2023

Inflection points like these – where failing to respond presents a greater risk than acting – are ideal times to consider switching to an automated IDT system. are crucial, especially if the new ERP is going to enable enterprise-wide data-sharing. Thomson Reuters: Are there risks with non-tax professionals determining tax?

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Start-ups Technology Compliance Finance 93

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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Market Risk Start-ups Marketability Compliance 52

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. It includes: A process flow for building and manage a cybersecurity risk management program. .

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Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

SEPTEMBER 7, 2023

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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Compliance Start-ups Specific Risk Marketability 52

Audit Board

SEPTEMBER 28, 2023

Since 2016, the European Confederation of Institutes of Internal Auditing’s (ECIIA’s) annual Risk in Focus report has sought to help Chief Audit Executives (CAEs) understand how their peers view today’s risk landscape as they prepare their forthcoming audit plans for the year ahead.

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Marketability Market Risk Technology 52

Audit Board

MARCH 22, 2022

While the new regulations are commonly being referred to as ESG laws, the language of the regulations only applies to environmental risk factors. The sustainability information statement requires companies to report the following: A listing and description of environmental risks identified as impacting the company’s operations.

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Chris Mercer

MARCH 7, 2024

My current series of blog posts is titled “Mercer’s Musings.” Factors related to the underlying enterprise or asset, including: 1. The value of the underlying enterprise or asset, if applicable. Enterprise-level or asset-level tax effects, if relevant. the standard of value).

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Dividends Appraisal Terminal Value Marketability 52

Audit Board

MARCH 22, 2023

Enterprise risk encompasses regulations, finance, operations, technology, reputation, strategy, and many more — and losing control over any one of these risk areas could mean disaster. Lately, with the increased focus on strong governance requirements, there is more scrutiny over risk management programs.

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Compliance Treasury Technology Finance 52

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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Start-ups Compliance Technology Specific Risk 52

Audit Board

FEBRUARY 8, 2023

Managing third-party and supply chain threats remains a daunting task, according to new research from CyberRisk Alliance Business Intelligence, which gauged companies’ understanding, interest, and investments in managing third-party risk.

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Audit Board

MARCH 24, 2022

Risk management is the process of identifying, assessing, response, and monitoring of threats to a company’s overall position in the marketplace and — ultimately — their total earnings. What Are the Biggest Challenges in Risk Management Today? Here are the top challenges to look for: 1: ESG Risks.

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Start-ups Compliance Technology 75

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

OCTOBER 12, 2022

Digital risk has continued to grow and transform as the application of technology solutions has evolved over the past few years. In January of this year, I proposed that 2022 would be “ the year of digital risk discovery ” as the world’s dependency on digital products and services continues to accelerate at an unprecedented rate.

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Audit Board

APRIL 2, 2023

The recent boom of digital activities and, in particular, the introduction of new cryptocurrencies, has brought with it a rise in digital risk, compounded by a lack of visibility. To date, there are no regulatory controls in place to standardize how crypto companies approach enterprise risk management.

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Banking Start-ups Marketability Compliance 52

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.

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Technology Start-ups Compliance Marketability 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. Often, what is communicated at the board-level in the form of an enterprise risk management plan, is not rooted in what risks are emanating from lower levels in the organization.

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Compliance Start-ups 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.

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Audit Board

MARCH 1, 2023

As businesses begin their SOX planning, adopting a risk-first approach to SOX can help teams drive efficiency throughout their testing year. One of the best places to begin implementing this is during the SOX risk assessment. Refresh risk and control mappings to reflect the current control environment.

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Compliance 52

Audit Board

OCTOBER 12, 2023

That number is expected to skyrocket in a short amount of time–and TPRM risk initiatives aren’t keeping pace. Download the full guide here , and continue reading below for actionable strategies to help your company stay ahead of third-party risks looming on the horizon and beyond. banking disruptions, ESG, new regulations, etc.),

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Technology Compliance Banking 52

Internal Audit 360

SEPTEMBER 2, 2021

GUEST BLOG POST. As part of that effort, the IIA recently published a second edition of its guide, Auditing Identity and Access Management. As part of that effort, the IIA recently published a second edition of its guide, Auditing Identity and Access Management. The IIA mandates a risk-based approach and that requires judgment.

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Technology 52

ThomsonReuters

JANUARY 28, 2021

After receiving the insurer’s breach report, OCR investigated, finding that the insurer neither conducted an enterprise-wide risk analysis nor implemented adequate procedures for risk management, information system activity review, or access controls. Contributing Editors: EBIA Staff. The post Health Insurer Reaches $5.1

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Compliance Banking 52

Audit Board

JANUARY 10, 2023

shares how audit, risk, and compliance teams are leveraging AuditBoard’s connected risk platform to engage their global business owners to understand their top risks across regions. Gallagher is one of the world’s largest insurance brokerage, risk management, and consulting firms providing services in more than 130 countries.

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Compliance 52

Audit Board

MAY 30, 2023

Only 12% of organizations rate their third-party risk management (TPRM) program as highly mature. They’re also interested in using TPRM data to benefit the organization and improve how it manages third-party risk. While organizations have drastically increased their use of third parties, TPRM maturity hasn’t kept pace.

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Compliance 52

Internal Audit 360

DECEMBER 8, 2022

GUEST BLOG. T he idea that audit plans should be risk based is so old and widely accepted that we rarely give it a second thought. Yet, in my 16 years in risk management across four continents, I have seen hundreds of audit plans, and I can assure you none of them were actually risk based. The problem?

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ThomsonReuters

JUNE 3, 2021

The CAP requires the laboratory to conduct an enterprise-wide risk analysis for all its owned, controlled, or leased electronic media, workstations, and information systems that store or can access PHI. The laboratory must adopt an enterprise-wide risk management plan corresponding to the risk analysis.

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Compliance 52

ThomsonReuters

JULY 21, 2022

Based on its investigation, OCR determined that the medical center had allowed unauthorized uses and disclosures of PHI and had not implemented adequate security incident response and reporting protocols, conducted an adequate risk analysis or evaluation, adopted adequate audit controls, or provided timely breach notification to individuals or HHS.

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Compliance 52

Audit Board

MAY 11, 2022

Internal audit sits at the intersection of risks , gaining a powerful enterprise-level view ??it Maintaining relevance means guiding the organization in managing trends such as rising inflation and increasing fraud risk. Flexibility, Empathy, and Dialogue Are Keys To Deal With Unprecedented Level of Risk.

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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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Audit Board

AUGUST 23, 2023

Every company should feel urgency about maturing cybersecurity risk management. The risk is widespread and likely underreported. That’s the core message behind the heightened regulatory focus on cybersecurity — and with the U.S. The SEC cybersecurity rules will have a significant impact on your organization and role.

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Compliance Technology Start-ups 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. 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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Compliance Technology Start-ups Marketability 52

Audit Board

JUNE 28, 2022

Organizations with immature risk management environments are facing challenges to evolve. With minimal historical risk information to build upon and little to no pre-existing enterprise risk management (ERM) process, it’s difficult to see organization-wide risk clearly or ensure appropriate follow-through.

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Start-ups Technology Marketability 52