Audit Board

DECEMBER 7, 2022

Would it surprise you that the IPPF does not require an annual audit plan? There are another 25 mentions in Implementation Guidance, but only two about audit plans that “typically are prepared annually” — but may also be multi-year — and “may be assessed annually.”. Letting go of this mistaken memory, what else should follow?

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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. I’m the Head of Internal Audit at the University of Calgary.

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Audit Board

JANUARY 4, 2023

Creating an ongoing dialogue for business leaders to discuss, vet, and ultimately achieve consensus on what the business’ top IT risk areas are — with input and approval from the Board. . As attacks grow in frequency and severity, organizations cannot take a “business as usual” approach to IT risk. “The IT Risk Assessment Key Benefits .

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Audit Board

DECEMBER 14, 2022

A readiness assessment helps compliance teams understand the areas of the business already operating as intended — as well as identify deficiencies to allow time for remediation ahead of a formal, third-party audit. . Customer/contractual commitments. If your business plans to expand into new markets.

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Audit Board

AUGUST 1, 2023

In addition to these threats, other ways to identify risks include: Ask “What Could Go Wrong?” - This seems like a simple approach, but it’s actually one of the fundamental questions in risk management. According to a 2022 IBM report , the average cost of a data breach in the US is $9.44 This can have significant costs for organizations.

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Audit Board

JANUARY 12, 2023

Common cybersecurity frameworks and their specific requirements around risk management, including SOC 2 , ISO 27001, PCI 4.0 , NIST CSF, and more. What Are the Principles of Cybersecurity Risk Management? However, specific guidance on how to conduct these assessments is typically not included in framework requirements.

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Audit Board

NOVEMBER 1, 2023

When completed in a methodical and well-scoped manner, IT risk assessments can be an extremely valuable tool for many stakeholders across the organization, including enterprise risk, audit, compliance, and security departments. What is IT Risk Management? What is an IT Risk Assessment?

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Audit Board

JULY 25, 2022

What Is Cyber Liability Insurance? What Is Cyber Liability Insurance? . You can use a combination of software/technologies, internal assessments, and physical audits to perform this step. Against this backdrop, cyber liability insurance is quickly becoming essential for many businesses. good driver, low mileage) or safety (e.g.

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Audit Board

SEPTEMBER 14, 2023

What is Vendor Risk? What Types of Vendor Risk are There? That said, vendor risk management as a practice and a concept is not new — many organizations have established vendor, supplier, or third-party risk management (TPRM) functions integrated into their GRC programs.

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Audit Board

SEPTEMBER 6, 2023

What are the enhancements that companies should implement for improved data security and system and information integrity? What are the enhancements that companies should implement for improved data security and system and information integrity? Where does the NIST CSF fit among other security standards, like ISO 27001?

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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

OCTOBER 2, 2023

What are The Top Cybersecurity Threats? Confronted with the possibility of data breaches and the associated average cost of $4.45 million , businesses might instinctively want to batten down the hatches and begin implementing security controls left and right. Persistent DDoS attacks can successfully deny users access for days at a time.

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Audit Board

OCTOBER 6, 2022

Relationships to other standards and documents including ISO 27001, COSO Internal Control – Integrated Framework, and SOC 1 and 3. What Is the SOC 2 Framework? ISO 27001, which is used for generally the same purpose, is used by organizations with customers based outside the US. . What Are the SOC 2 Requirements?

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Audit Board

OCTOBER 2, 2023

Leaders of both functions ask: What opportunities to collaborate do we have that will benefit the organization as a whole? Leaders of both functions ask: What opportunities to collaborate do we have that will benefit the organization as a whole? With the ISO framework, for instance, compliance initiates the risk assessment.

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Audit Board

JUNE 1, 2023

As the internal audit leader at one of the top research universities in the United States, my organization is no different — our operations span many different industries: higher education, agriculture, veterinary research, medical research, utilities, real estate, food safety, healthcare, entertainment/performing arts, and venue operations.

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Audit Board

NOVEMBER 8, 2022

In our Spotlight on Success series, MDA’s Scott Page (Director, Internal Audit), Melissa Cass (Director, Business Operations), and Uriah McCann (Director, Cybersecurity) share their gains in efficiency, visibility, and collaboration from centralizing audit, risk, and compliance activities and documentation in AuditBoard’s connected risk platform.

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Audit Board

OCTOBER 5, 2022

You can apply the ‘audit once, comply many’ concept. They understand the scope of those requirements, what assets are in scope of that requirement, and then ultimately, who’s accountable. They understand the scope of those requirements, what assets are in scope of that requirement, and then ultimately, who’s accountable.

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Audit Board

AUGUST 2, 2023

Compliance , audit, and risk teams aren’t seamlessly communicating due to operational silos that lead to decentralized data and disaggregated reporting, making data-driven decisions impossible. Organizations face multiple challenges regarding their IT Risk and Compliance (ITRC) programs. Download the guide here.

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Audit Board

MARCH 15, 2023

In our time on the Product team at AuditBoard, we’ve worked with customers who have very diverse audit, risk, and compliance programs, but they all have something in common: every single one has an ecosystem of applications that work together in some form for the organization to manage risk. What Is an Integration?

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