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Internal Audit vs. Quality Control: What’s the Difference?

Internal Audit 360

GUEST BLOG A s a consultant, I review internal audit departments at multiple financial services organizations each year while conducting Quality Assurance Reviews. As an internal auditor, it’s essential to understand the differences between these two essential functions and ensure that they are separated appropriately.

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What Internal Audit Needs to Know About ‘AI Washing’

Internal Audit 360

.” Just as greenwashing involves misleading claims about a company’s environmental practices, AI washing involves exaggerating or falsifying the use of artificial intelligence (AI) in products, services, or processes. These regulations require companies to be transparent about the use of AI and its impact on data privacy.

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Director Discusses Several Considerations Involved When Taking A Business Global

ThomsonReuters

Audio streaming and media services provider Spotify was founded in Stockholm, Sweden in the spring of 2006 and launched in the United States in 2011 after already solidifying a presence in the United Kingdom, Germany, France, Italy, Spain, Finland, and Norway. Many considerations when going global. She explained that a U.S. Euros and 12.00

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ESG Reporting: Internal Audit’s Value-Added Role in Ensuring Accuracy and Trustworthiness

Audit Board

Internal audit, as an objective third line of assurance, plays an integral role by providing assurance surrounding the accuracy and reliability of a company’s ESG reporting. By conducting thorough reviews and assessments, internal auditors can identify areas of risk and provide recommendations to strengthen ESG reporting.

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Sullivan & Cromwell Discusses State Requirements of “Fair Access” to Financial Services

Reynolds Holding

An increasing number of states have enacted or are considering enacting legislation requiring financial institutions to provide customers “fair access” to financial services. 5] Fair Access Provisions and Related Attestations. FL HB 989, however, will replace “subject to the financial institutions codes” with “as defined in s. 655.005.” [17]

Banking 45
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Legal Insights on Forthcoming Federal Paid Family and Medical Leave Legislation

ThomsonReuters

The Working Groups issued a Request for Information (RFI) , seeking input from a host of entities, ranging from unions, care advocacy groups, business groups, and think tanks, to suggest ideas on how the program should be funded, the suggested scope, and the role of the federal government. Requests for responses are due January 31, 2024.

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Navigating the Coming Regulatory Risk Tsunami With IRM

Audit Board

Companies will spend $1.8 trillion projected in value of IoT products and services. As a result, the European Union just reached an agreement on the Digital Operational Resilience Act (DORA). As a result, the European Union just reached an agreement on the Digital Operational Resilience Act (DORA). It’s all connected.