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Why So Many ERM Programs Miss the Operational Mark: Overcoming Operational Risk Management Obstacles

Audit Board

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. Modern ERM teams are tasked with identifying and reporting on the top risks that might prevent their organization from achieving its business objectives.

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NIST Requests Comments on Planned Update to HIPAA Security Rule Resource Guide

ThomsonReuters

Available at [link]. The National Institute of Standards and Technology (NIST) has issued a call for public comments in conjunction with its plan to update “ An Introductory Resource Guide for Implementing the Health Insurance Portability and Accountability Act (HIPAA) Security Rule ” (Resource Guide). Comments are due June 15, 2021.

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Risk and Audit Transformation in the Era of Permacrisis: Imperatives for 2024 and Beyond

Audit Board

Historically, there was a sizable gap between the knowledge of our key stakeholders and our knowledge as internal audit and risk professionals. The world has always known chaos. As each new crisis unfolds, none of the previous crises have gone away — and before we can fully diagnose the crisis that has just emerged, we’re onto the next one.

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Miscommunication Between Employer and Insurer About Employee’s Medical Leave Causes Loss of Coverage—and a Lawsuit

ThomsonReuters

Available at [link]. EBIA Comment: This case illustrates the need for careful communications between an employer and its insurer or TPA about an employee’s leave status, particularly when it impacts eligibility for coverage. Overland Xpress, LLC, 2020 WL 5760651 (S.D. Ohio 2020).

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Miscommunication Between Employer and Insurer About Employee’s Medical Leave Causes Loss of Coverage—and a Lawsuit

ThomsonReuters

Available at [link]. EBIA Comment: This case illustrates the need for careful communications between an employer and its insurer or TPA about an employee’s leave status, particularly when it impacts eligibility for coverage. Overland Xpress, LLC, 2020 WL 5760651 (S.D. Ohio 2020).

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Child tax credit: FAQ

ThomsonReuters

What is the difference between the child tax credit and the child and dependent care credit? Which tax software can accountants use for calculating the child tax credit? Which tax software can accountants use for calculating the child tax credit? Jump to: What is the child tax credit? How much is the child tax credit?

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Top Takeaways From the 2023 Organizational Culture and Ethics Report

Audit Board

Download your copy of the full report, Organizational Culture and Ethics Report: Internal Audit’s Role in Unlocking Culture as Catalyst and 21st-Century Differentiator , and read on for our top three takeaways and to watch a conversation between Richard Chambers and Cynthia Cooper breaking down how they think about culture.

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