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Where Does Internal Audit Sit? It’s Important!

Internal Audit 360

GUEST BLOG POST T his may be an odd question to ask, but as a leader of internal audit and risk management it was an important issue for me: Where should internal audit sit in any given organization? Our understanding of the culture of the organization, including the morale of the people. Ready access to management and staff.

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Top Takeaways From Audit & Beyond 2022

Audit Board

During the executive keynote, AuditBoard announced a new ESG solution purpose-built to operationalize ESG programs by automating manual tasks, simplifying framework reporting and disclosures, and ensuring ESG data is audit-ready. Risk management is not the ends — it is the means to helping your company achieve its objectives.

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Amanda Pope of InComm Payments Cultivates Relationships of Trust With the Business

Audit Board

What is your view on internal auditors as agents of change? Even if it’s not immediate, even if it takes years, you’re level of change and your movement with change has to depend on the company culture and how you can help move change along while still being within the bounds of that culture.

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The Essentials of Integrated Risk Management (IRM)

Audit Board

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. Any business activity carries inherent risk, so IRM folds risk assessments and mitigation strategies into all aspects of the company.

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

Audit Board

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? Every company wants to know how other companies are handling ESG. Who should own it?

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Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs

ThomsonReuters

And about 400 are eagerly trying to find a target company – with hundreds of billions of dollars chasing a finite amount of deals and therefore valuations are sky-high. These standards require companies to assess whether the warrants should be equity or liability classified.

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Auditing a System Implementation: Potential Questions, Risks, and Audit Areas of Focus

Audit Board

At the time, we looked for resources to help guide us on how and when to conduct an audit, but ultimately we had to make decisions that worked for our company on our specific project. After considering all the alternatives, we met with management to discuss which route would benefit the company best. Our approach was balanced.