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.

Technology 52

Technology Compliance 52

ThomsonReuters

OCTOBER 4, 2023

The Thomson Reuters ChatGPT and Generative AI survey conducted between May 3-15, 2023, found that 73% of 771 tax professionals acknowledge the tech can be used for tax, accounting, and audit work, yet only about half think that it should be. This saves time and reduces the risk of manual errors for firms.

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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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Start-ups Compliance Equity Technology 52

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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Audit Board

JANUARY 29, 2023

In 2023 every organization needs to focus on their ESG positions. In this article we’ll take you through the latest trends in ESG, key challenges, and technology solutions for your business. Streamlining data around ESG topics and metrics simplifies data collection and information management.

Technology 52

Technology Compliance Finance 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.

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Audit Board

AUGUST 23, 2023

Every company should feel urgency about maturing cybersecurity risk management. Securities and Exchange Commission’s (SEC’s) final cybersecurity disclosure requirements for public companies taking effect in September 2023, it’s about to get real. The risk is widespread and likely underreported.

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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.

Technology 52

Technology Compliance Finance 52

Audit Board

JULY 11, 2023

Gartner has named ESG as one of its Top 12 Audit Plan Hot Spots for 2023. That trend is expected to continue as many new ESG regulations take effect in 2024. This IDC Spotlight, sponsored by AuditBoard, The Coming ESG Reporting Imperative , educates leaders involved in ESG program management on implementing purpose-built ESG reporting.

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Audit Board

JANUARY 4, 2023

The Sarbanes-Oxley Act reaches drinking age in 2023, having passed on July 30, 2002. Today, SOX teams planning for 2023 should expect to account for marketplace trends regarding economic instability, the impact of today’s shifted workplace, the burden of ongoing compliance, and the technology arms race.

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Compliance Start-ups Technology Finance 52

Audit Board

AUGUST 10, 2023

ESG disclosures have taken the spotlight in recent years as part of a trend of increased scrutiny around risk, compliance, and cybersecurity. The SEC’s announcement suggested that these reporting processes take a risk management-based approach.

Compliance 52

Compliance Start-ups Data Analysis Equity 52

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.”

Compliance 52

Compliance Technology 52

Cooley M&A

JANUARY 23, 2024

While the year saw an overall decline in M&A activity (down 17% from 2022) , total pharmaceuticals and life sciences deal value in 2023 increased by approximately 50% compared to 2022. More than half of all life sciences M&A activity in 2023 was for private and small-cap biopharma sellers. billion, Mirati for $5.8 Let’s dig in.

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Internal Audit 360

DECEMBER 22, 2022

If the risk landscape is rumbling under our feet, the natural response is to reinforce our foundations, improve systems for detecting and managing risk, and ensure that we can weather the impending storm. As we look forward into 2023, these underlying trends will continue to challenge and shape internal audit in the coming year.

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Start-ups Compliance 98

Audit Board

SEPTEMBER 12, 2023

However, the benefits of these technologies, including time savings that can be directed toward more value-added internal audit activities, are well worth it, as SOX compliance costs and hours are unlikely to decrease significantly given the volatile risk and regulatory environment.

Compliance 52

Compliance Technology 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

DECEMBER 25, 2022

In the last year, Auditboard’s Audit Webinar Series focused on identifying and responding to emerging risks impacting organizations everywhere. In 2022, AuditBoard hosted 40 audit, risk, and compliance webinars that attracted over 40,000 attendees. 2022 Audit Webinar Trends.

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Start-ups Technology Equity Compliance 52

ThomsonReuters

JUNE 7, 2023

“Now think about managing that from halfway around the world when Japan has a new regulation for tax or a Work Council in Germany is dictating some specific methods and procedures and understanding what it means for the employer and workers.” . “If you just look at the U.S., More businesses warming up to adding A.I.

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Audit Board

DECEMBER 7, 2022

2023 is shaping up to be a pivotal year for business leaders. On your connected risk journey, careful planning and guidance from audit, risk management, and compliance professionals are essential for business success when facing risk challenges such as digital transformation, climate change, supply chain disruption, and economic uncertainty.

Start-ups 52

Start-ups Compliance Specific Risk Technology 52

ThomsonReuters

JANUARY 18, 2024

In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations. While the number of college accounting graduates has been on the decline , projections for the 2023–24 academic year proved more favorable, according to the AICPA’s 2023 Trends report.

Technology 59

Technology Compliance Finance Marketability 59

Audit Board

NOVEMBER 20, 2022

As such, the US Securities and Exchange Commission (SEC) has proposed formal rules for reporting climate-related metrics and risk disclosures. . Deloitte suggested ESG-mandated assets will make up half of all professionally managed assets globally by 2024. The sheer volume of comments isn’t surprising.

Corporate Finance 52

Corporate Finance Compliance Banking Finance 52

Audit Board

MAY 2, 2023

By conducting thorough reviews and assessments, internal auditors can identify areas of risk and provide recommendations to strengthen ESG reporting. This not only helps build trust with stakeholders, but also enables companies to better manage ESG risks and opportunities. Understanding of process and responses to risk.

Compliance 52

Compliance Equity 52

Audit Board

FEBRUARY 15, 2023

In the ones that you’ve served with, how have your board and management received the idea that internal audit can be change agents? Close Ties to ERM Helps Audit Keep Ahead of a Dynamic Risk Environment Richard Chambers: In the past three years, we’ve been in an incredibly disruptive era. Have they been supportive of that?

Start-ups 52

Start-ups Technology 52

ThomsonReuters

OCTOBER 10, 2023

Inventory management Flexibility: Businesses can strategically store inventory in bonded warehouses, allowing them to control stock levels based on market demand and fluctuations. Security and risk : U.S. This flexibility can improve supply chain efficiency and reduce holding costs. ” The post U.S.

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Compliance Marketability 52

Audit Board

MAY 10, 2023

Every company should feel urgency about maturing cybersecurity risk management. Whatever your business or industry, it’s time to get your head around the SEC’s proposed cybersecurity disclosure rules and similar legislation expected in 2023. Include any updates on individually material cybersecurity incidents.

Compliance 98

Compliance Technology Specific Risk Start-ups 98

ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI). talked with?Lisa

Compliance 52

Compliance Technology Start-ups Equity 52

ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI). talked with?Lisa

Compliance 40

Compliance Technology Start-ups Equity 40

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] billion leading the pack.

Equity 59

Equity Finance Marketability Start-ups 59

Reynolds Holding

JULY 19, 2023

The Securities and Exchange Commission regulations on climate disclosure, first proposed in March 2022 and likely to be issued in final form in October 2023, [1] have drawn considerable controversy and face an uncertain fate in the inevitable litigation. [2] Academic readers of this blog should too! 16] Most U.S.

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Reynolds Holding

JANUARY 31, 2023

The recent proliferation of fake twitter accounts impersonating companies like Eli Lilly and Lockheed Martin, and the resulting losses for each company, illustrates the risk that deepfakes might pose and the damage they may cause. Detecting Corporate Deepfakes As deepfakes become easier to make and deploy, the risk to companies increases.

Start-ups 81

Start-ups Marketability Technology 81

Audit Board

FEBRUARY 11, 2023

Risks associated with third parties are growing exponentially. Because these trends are accelerating, it makes the work of managing third-party risk that much more difficult. Trend 1: Ever More Third Parties Third parties are becoming an increasingly critical part of how businesses operate. and Canada.

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Audit Board

FEBRUARY 2, 2023

Compliance needs are mission critical in 2023. We’ll go over the top trends in compliance for 2023, the related challenges, and how software solutions can alleviate these issues. Trend 1: Cybercrime Is Increasing Cybercrime was a $200 billion industry in 2022 and is projected to be $500 billion by 2030.

Compliance 52

Compliance Technology Marketability 52

Audit Board

APRIL 17, 2023

The comment period is open through May 30, 2023, and The IIA encourages feedback through its online survey. This is your opportunity to help shape the future of your profession. Background on the Proposed Standards and Key Trends It’s helpful to begin with a broader view of how the proposed Standards are different.

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Audit Board

JULY 19, 2023

The single piece of advice I offer internal auditors more than any other is to “follow the risks.” If internal auditors follow the risks, they enjoy a much greater likelihood of allocating scarce internal audit resources where organizations are most vulnerable.

Start-ups 52

Start-ups Compliance 52

Audit Board

AUGUST 24, 2023

By now, most high-level enterprise decision-makers are well aware of the costs — and risks — that cyber threats represent to the ongoing success of their business operations. They’ve evolved metrics and processes for evaluating the strategies that business unit managers, CIOs, and CFOs present to them.

Start-ups 52

Start-ups Technology Compliance 52

Audit Board

JANUARY 16, 2023

As Richard Chambers and AuditBoard’s 2023 Focus on the Future Report reveals, there are key areas where significant gaps exist between risk levels and planned efforts. Internal audit teams need to be ready to identify and address this kind of disconnect to ensure that their organizations are positioned for success in 2023.

Technology 52

Technology Start-ups Equity 52

ThomsonReuters

JANUARY 31, 2024

The geopolitical terrain is undergoing unforeseen changes, and certain prominent trends that had solidified in past decades are now experiencing a reversal. Two of the most notable new and upcoming regulatory regimes are the EU’s Carbon Border Adjustment Mechanism (CBAM) which came into effect in October 2023, and the analogous U.S.

Technology 52

Technology Compliance 52