Internal Audit 360

SEPTEMBER 27, 2023

A mong the most difficult factors to consider before and during an internal audit is its scope, or the boundaries and objectives of the audit. Set too wide and internal auditors can feel like they are trying to boil the ocean. Done right, it can provide a roadmap for internal auditors to follow.

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Audit Board

NOVEMBER 1, 2023

However, many companies are trapped in a web of siloed solutions, legacy tools, budget constraints, and internal politics. Many audit, risk, and compliance folks don’t have software-buying experience. I’ve identified 5 steps to consider to position yourself for success at your organization to get what you need.

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Technology Start-ups Compliance 52

Internal Audit 360

SEPTEMBER 1, 2022

I t’s easy for internal audit to get stuck in a rut. We approach the year with plans to revise last year’s internal audit plan, but in the end, we don’t change that much. We move to the comfort zone and put the audits we know how to do and the ones that seem important on the audit plan.

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Audit Board

OCTOBER 16, 2023

The successful deployment of audit analytics can lead to more accurate testing, automation of audit workflow processes, and overall improved audit efficiency. Yet, audit analytics adoption levels are still not entirely uniform across the industry. We explore these primary analytics software options below.

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Audit Board

FEBRUARY 28, 2023

The job market is unpredictable, mass layoffs and hiring freezes are becoming more frequent, and internal audit departments are constantly asked to be more agile and do more work with fewer resources. As internal auditors, we must do all we can to stand out in our roles.

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Start-ups Technology Compliance Marketability 52

Audit Board

AUGUST 9, 2022

In our Spotlight on Success series, Rajesh Ghosh, Senior Director, Internal Audit at the University of Calgary , shares how his forward-thinking audit team is stepping up to expand its focus into more operational areas supported by AuditBoard’s connected platform.

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Internal Audit 360

OCTOBER 11, 2022

GUEST BLOG. O ver my long career, I have often heard, in one form or another, the phrase: “You just can’t audit that!”. The first time I heard it came when I was an internal audit manager for a financial institution. I had one of my team (who had recently completed a class in operational auditing) perform the audit.

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Audit Board

OCTOBER 16, 2022

Over the years, we have all heard about the benefits of using data analytics , but often the advice seems better suited for large audit shops with dedicated analytics teams or targeted at specific tools. Many of us work in small audit departments with fewer than 10 people, and we often have limited resources at our disposal. .

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Audit Board

SEPTEMBER 30, 2022

The internal audit profession is at a crossroads. Signs that internal audit is heading toward a bright future , including resilient resources and cultivating a diversity of skills. . How internal audit can contend with the unrelenting pressure of new risks to make sure that our brightest days are ahead.

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Audit Board

DECEMBER 25, 2022

With increasing demands placed on internal auditors to keep up with the pace of change, finding a source of information you can trust with your limited time is critical. AuditBoard’s Webinar Series hosts numerous high-quality webinars each year to provide internal auditors with the insight they need to add value to their organizations.

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Audit Board

APRIL 27, 2023

The internal audit function is crucial to a company’s growth. Objectively evaluating risks, analyzing and assessing processes and systems for efficiencies, doing spot-checks for as-yet-unknown issues, and keeping departments aligned and meeting business objectives are all important ways that auditors can bring value.

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Internal Audit 360

DECEMBER 21, 2021

From an internal audit perspective, it meant continuing to improve on remote auditing and managing a team that is often not meeting face to face. As we look back on the top internal audit articles of 2021, we see many of these themes emerging in the articles that ranked the highest among you, our readers.

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Audit Board

JULY 18, 2022

This midyear update to Richard Chambers and AuditBoard’s 2022 Focus on the Future report is a continuation of our research into the most critical areas impacting internal auditors now and in the near future. Internal audit departments were called to action time and again as the pandemic ebbed and flowed.

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Audit Board

NOVEMBER 4, 2022

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. . Stepping outside internal audit’s traditional box to take a wider view of business risk and opportunity.

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Audit Board

JUNE 2, 2022

In our Spotlight on Success series, Brandon Clinefelter, Director of Internal Audit at National Storage Affiliates , shares how his team gained significant time savings on their SOX compliance work. Completing internal control testing reviews in real time, reducing SOX hours by 20% year-over-year. .

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Start-ups Compliance 52

Audit Board

JANUARY 31, 2023

In our Spotlight on Success series, Gene Litvin, Manager, IT Governance, Risk, and Compliance of Edgewell Personal Care Company , shares how his team is taking advantage of connected data, greater visibility into status, and enhanced collaboration from expanding their use of the AuditBoard platform across the organization.

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Audit Board

AUGUST 22, 2022

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. At both WorldCom and Theranos , “success at any cost” corporate culture opened the door for wrongdoing.

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Start-ups 52

Audit Board

AUGUST 10, 2023

The “G” in ESG involves governance, and has to do with how well an organization’s internal controls are functioning; a business’s ESG strategy; and how the company handles ESG risks. These topics can be identified through the use of a materiality assessment, either with internal stakeholders or with key investors or customers.

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Compliance Start-ups Data Analysis Equity 52

ThomsonReuters

JANUARY 30, 2023

While it is certainly understandable that much of the focus centers on the output, given the expectations and pressures companies face from external regulators and internal stakeholders, it is important to keep in mind that accuracy stems from streamlining and automating the data collection and preparation process.

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Start-ups Compliance Accounting Firms Technology 59

Audit Board

AUGUST 1, 2023

Types of IT Cyber Threats Since a major component of any risk management methodology is the identification of risks — which can sometimes be the hardest part to get started with — we have identified some common IT cyber risks that all organizations should be aware of. This applies to establishing an IT Risk Management function as well.

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Technology Start-ups Compliance Marketability 52

ThomsonReuters

OCTOBER 21, 2022

According to a recent global payroll survey, the “future of payroll starts today” for understanding the industry’s major challenges, which include global workforces, hybrid work, increased compliance concerns, and other important issues. . There are also state and local laws, rules, regulations, and guidance related to payroll.

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ThomsonReuters

OCTOBER 21, 2022

According to a recent global payroll survey, the “future of payroll starts today” for understanding the industry’s major challenges, which include global workforces, hybrid work, increased compliance concerns, and other important issues. . There are also state and local laws, rules, regulations, and guidance related to payroll.

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Internal Audit 360

FEBRUARY 3, 2022

I t’s become common practice at many companies to conduct internal audits of the company’s culture. Culture audits can be completed as part of a stand-alone assessment of the entire organization’s culture or as part of other assurance projects to consider how culture affects a particular unit or function. Who is auditing that?

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Internal Audit 360

FEBRUARY 3, 2022

[dropcap]I[/dropcap]t’s become common practice at many companies to conduct internal audits of the company’s culture. Culture audits can be completed as part of a stand-alone assessment of the entire organization’s culture or as part of other assurance projects to consider how culture affects a particular unit or function.

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Start-ups Banking 52

Audit Board

JANUARY 26, 2023

Many traditional internal audit practices hinder our ability to respond to changes in the risk landscape within an appropriate amount of time. That is an important reason why internal audit must continuously monitor risks so that it can adjust its plans swiftly in response to changing conditions.

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Audit Board

JUNE 8, 2023

Compliance audits are a broad topic that can affect many organizations across different parts of an organization. There can be different kinds of compliance audits being performed at any given point in time, and at first glance the world of compliance is full of opacity and acronyms. What Is a Compliance Audit?

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Audit Board

APRIL 28, 2023

What’s top of mind for chief audit executives right now? Audit Leaders from Hasbro, State Street, and Protiviti discuss audit plan priorities, talent management strategies, and more! Creative approaches to identify, attract, and retain forward-thinking talent.

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Start-ups Technology Marketability 52

Audit Board

NOVEMBER 3, 2023

In our Spotlight on Success series, Daniel Montes, Senior Manager Internal Audit at Marmon Holdings , shares how the group’s growing global internal audit team has leveraged AuditBoard to work seamlessly together across time zones. Tell us about the structure and type of work performed by your audit department.

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Start-ups Compliance Technology 59

Audit Board

SEPTEMBER 8, 2023

In our Spotlight on Success series, Bridget Keller (VP of Internal Audit) and Bill Cancel (Vice President of Information Security) share how Berkadia leveraged AuditBoard’s connected risk platform to correlate, automate, and streamline their processes. AuditBoard was brought to my attention early through an internal audit.

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Audit Board

MAY 15, 2023

That’s why it’s so critical to have an accurate picture of all the potential risks your business faces so you can assess their impact and create a successful risk management plan. Appropriately planning for cost risk due to factors like scope creep will ensure a project’s success. How Does a Risk Matrix Work?

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Audit Board

JUNE 21, 2022

In our Spotlight on Success series, Stephen Weintraub, Director of Global IT Audit at Darling Ingredients , discusses how AuditBoard helped facilitate effective cross-departmental collaboration and team-wide communications as their company grew. We are a centralized internal audit team based in Irving, Texas.

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ThomsonReuters

APRIL 12, 2021

Greater government scrutiny: Aggressive indirect tax audits are expected as soon as this year. Governments seeking to bolster their revenue streams also are likely to increase the number and intensity of indirect tax audits, LeCompte noted. “We’ve The most successful projects that I see bring tax in on day one,” LeCompte said.

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Audit Board

MARCH 31, 2023

In our Spotlight on Success series, Andrew Ganey, CAE of Ruiz Foods , and co-source partner Dan Riebesell, Risk Consulting Director at RSM , share how their geographically distributed team leverages AuditBoard’s connected risk platform to collaborate seamlessly while keeping ahead of risk.

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Audit Board

APRIL 26, 2023

On the heels of several history-making bank collapses in the first quarter of 2023, financial institutions must fortify their internal controls programs to respond to greater scrutiny from federal regulators. The first step in creating a successful alliance begins with these teams agreeing to invest in improving cross-collaboration methods.

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ThomsonReuters

MARCH 19, 2024

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same.

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Start-ups Compliance Technology 52

Audit Board

JUNE 20, 2022

In our Spotlight on Success series, Kelly Rollins, IT Audit Manager at Ochsner Health, and Adam Grantham, Senior IT Auditor at Ochsner Health, share how their team leverages AuditBoard’s connected platform to increase efficiencies and take on new initiatives for the organization. I feel like the AuditBoard team set us up for success.

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Audit Board

APRIL 12, 2022

A material weakness occurs when one or more of a company’s internal controls fails. A material weakness is not something to take lightly: If a flaw in an internal control results in a material weakness, it might result in a financial report deemed a material misstatement. Securities and Exchange Commission (SEC).

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