Internal Audit 360

OCTOBER 14, 2021

A re most internal audit reports the right length? For many consumers of audit reports in the executive suite and boardroom, the answer is probably that they’re “too long!”. Audit reports may run to extraordinary lengths these days. When is there 100 pages of value, actionable information, in an audit report?

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Treasury 52

Audit Board

SEPTEMBER 7, 2022

The department likely has a set process for conducting the audit, drafting the report, and presenting any findings to management. Mystery shopping is used by companies who want insights into their operations quickly and from an outside perspective — and an audit background makes us uniquely suited to excel at them.

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Audit Board

APRIL 27, 2023

The internal audit function is crucial to a company’s growth. Internal auditing examines and assesses company records, workflows, systems, and processes. The audit team’s ultimate goal is to be a highly valued business partner to other segments of the organization. Read on for everything you need to know about internal auditing.

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Audit Board

JUNE 27, 2022

By focusing on completing audits, we can lose sight of our true purpose. We have talked about agile auditing for at least ten years but have yet to fully embrace it. Just think of the long drafting and editing processes to get that report out. Moving from Inputs and Outputs to Outcomes. Is it time well spent?

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Technology 52

Audit Board

SEPTEMBER 20, 2023

One of the complaints we hear most from internal auditors — and their clients — across the world is that lengthy reports often don’t prompt action. During our practitioner days, we were often disappointed when internal audit reports we labored long and hard to craft often landed with a deafening silence.

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Start-ups Compliance 59

Audit Board

JULY 6, 2022

Urging business leaders to prioritise action to strengthen their defences against a rising tide of fraud cases. . The call to action is being supported by a new report ‘Fraud is on the rise: step up to the challenge’ published in partnership with AuditBoard.

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Internal Audit 360

APRIL 13, 2023

I n March, the Institute of Internal Auditors released a draft version of an overhaul of its professional practice standards and framework that intend to guide the behavior and actions of internal auditors as they carry out their work. I know from first-hand experience. It is probably also why I am so passionate about this topic.

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Start-ups 110

Internal Audit 360

SEPTEMBER 2, 2021

T he Institute of Internal Auditors regularly publishes useful Global Technology Audit Guides (GTAGs), available to members on their website under Standards and Guidance. They are considered recommended rather than mandatory guidance for internal auditors. I recommend setting it aside. 2 Where’s the risk? 2 Where’s the risk?

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Technology 52

Audit Board

JANUARY 23, 2023

It’s a fast-moving topic with information coming at us from all directions. This article offers some practical advice for getting up to speed on recent developments and upcoming requirements, as well as key ESG resources for internal auditors. Keeping up with ESG can be a daunting task. Companies Act 2006 (directors’ duties).

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Start-ups Compliance Banking 52

ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. One of these specialties is ESG audits. . What is an ESG audit? Like any audit, ESG audits can be internal or external. Who performs an ESG audit?

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Reynolds Holding

JULY 25, 2023

Public Company Accounting Oversight Board (the “ PCAOB ”) proposed amendments to its auditing standards that would increase auditor obligations in identifying, evaluating and communicating with respect to noncompliance with laws and regulations (“ NOCLAR ”). [1] On June 6, 2023, the U.S. Chair Erica Y. Williams and Board Members Kara M.

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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 SEC cybersecurity rules will have a significant impact on your organization and role.

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Reynolds Holding

JANUARY 11, 2023

The role of the audit committee in a company’s board of directors has changed significantly since the passage of the Sarbanes-Oxley Act of 2002 (SOX). Traditionally, audit committees have overseen the company’s independent auditor, the internal audit function, and other financial reporting-related functions.

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Audit Board

AUGUST 1, 2023

The SEC recently adopted their proposed rules, including those regarding Cybersecurity Risk Management on July 26, 2023. The stakes and expectations of an organization’s IT Risk Management capabilities have never been higher – and as we all know, the dollar impacts are real.

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Technology Start-ups Compliance Marketability 52

Audit Board

MAY 2, 2023

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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ThomsonReuters

SEPTEMBER 22, 2023

In addition to enforcement from the EEOC, Congress and state legislatures are considering legislation that aims to avert discrimination practices when it comes to hiring workers. This first-of-its-kind settlement comes just months after the EEOC released a new resource regarding artificial intelligence (A.I.) tools for hiring workers.

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Compliance Technology 52

Reynolds Holding

MAY 14, 2023

Under the federal securities laws, legal obligations for accurate disclosure of material information rest with the company and are typically the responsibility of executive management. Yet in making these determinations, management relies on lawyers. At the same time, lawyers are rarely held accountable.

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Audit Board

JUNE 13, 2022

Integrated risk management (IRM) is a strategic and collaborative way for organizations to manage risk across their entire group. This strategy accepts risk as a part of doing business, and pulls it into a company’s culture so that the organization manages risk as a part of both daily operations and long-term strategy.

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Compliance Technology Start-ups Marketability 52

ThomsonReuters

NOVEMBER 4, 2020

While BEPS is the wider framework, Action Item 12 provides recommendations for the design of rules that require taxpayers and advisors to disclose aggressive tax planning arrangements. Managing the risk of DAC6 and similar regimes. Why technology is critical for DAC6 compliance.

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Technology Compliance Start-ups 52

ThomsonReuters

OCTOBER 24, 2023

Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. This data is often coming from a variety of sources, which can make it difficult to reconcile. Data is king in today’s fast-paced world of finance and tax. based CFO Consultants, in a blog post.

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Audit Board

AUGUST 17, 2023

My organization, Northwest Natural , went through a major implementation not too long ago, and we had to decide how internal audit would be involved. At the time, we looked for resources to help guide us on how and when to conduct an audit, but ultimately we had to make decisions that worked for our company on our specific project.

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Start-ups Technology Compliance 52

Reynolds Holding

NOVEMBER 8, 2022

But unlike many of those guidelines, it takes a rights-based approach that is focused on AI’s potential harm, rather than a risk-based approach, which means that the Blueprint’s recommendations apply to all covered automated systems, largely regardless of their risk. The Blueprint does not include many new ideas for AI compliance.

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Reynolds Holding

SEPTEMBER 20, 2022

To get a wide range of perspectives, we met with a broad group of outside experts, including public interest groups, ethicists, academics, audit committee members, in-house attorneys, former corporate monitors, and members of the business community and defense bar. Good afternoon. That includes the U.S.

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Compliance Start-ups 56

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

MAY 15, 2023

By defining, assessing, and analyzing risk with a risk assessment matrix, you’ll cultivate a solid understanding of your risk environment and be able to accurately measure and manage risk before it occurs — saving your company time, money, and resources. What Is a Risk Assessment Matrix? How Does a Risk Matrix Work?

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Start-ups Compliance Technology 98

Audit Board

SEPTEMBER 6, 2023

How can security controls feed into and supplement risk management activities that are taking place, like risk assessments? They have also released a Risk Management Framework (RMF) that complements the NIST CSF, and helps organizations develop and enhance their risk management strategy. What are NIST Control Families?

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Audit Board

AUGUST 3, 2022

Before we start celebrating what some have seen as softer-than-expected plans for audit reform, we need to be clear about what’s really coming and start preparing now. My 20+ years in audit and risk are bookended by US corporate reform at the start of the century and similar UK measures pending more than two decades later.

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Start-ups Compliance Dividends Technology 52

Reynolds Holding

NOVEMBER 9, 2023

At the time, each Commissioner had three counsels and, in our office, each one of us handled a third of the Enforcement recommendations. I was first introduced to Scott by one of my fellow counsels – Dan Gallagher, who would later serve as an SEC Commissioner from 2011 to 2015.

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Marketability Compliance Equity Technology 53

Audit Board

OCTOBER 5, 2022

Let’s get practical: For me, the foundation of an automated and data-driven compliance program is using technology to start to bring together your controls inventory — one place where you can manage all of your requirements and can trace the relationships and justification for those requirements. Bring me all the data.’

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Compliance Start-ups Technology 52

ThomsonReuters

APRIL 6, 2023

Properly managing accounts payable is also important in maintaining good business relationships with vendors and suppliers. To boost accuracy and efficiency, many forward-looking businesses are implementing solutions that automate accounts payable. Once they are paid, the items are removed from the balance sheet.

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Banking Technology Start-ups Accounting Firms 52

Audit Board

APRIL 10, 2022

The Federal Risk and Authorization Management Program — FedRAMP for short — is the U.S. It’s designed to help cloud service providers (CSPs) and federal agencies work together to develop tools that are secure and tailored to protect various types of data, from the lowest to the highest security classification.

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Compliance Start-ups Technology 52

Audit Board

AUGUST 31, 2023

This is the daily conundrum faced by countless internal auditors, risk and compliance managers, board members, C-suite executives, and other professionals whose job descriptions have recently grown to include ESG — a domain where guidance and regulations evolve so rapidly that it’s hard for anyone to keep up. We’re here to help.

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Compliance Start-ups Technology Banking 52

FE International

MARCH 14, 2018

As the technical evolution of the industry continues to take it in a more accessible direction , and consumer demand for useful and disruptive software increases, the market is getting more lucrative for innovative, independent developers. The Three App Types. Universal Apps. How to Value an App. How to Sell an App. Conclusion.

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Reynolds Holding

JULY 27, 2022

Thank you, Paulita and Rajib, for your gracious invitation and kind welcome to this year’s program on current issues and trends in Investment Management. [1] To begin with investor protection, which is a core function of the Division of Investment Management, what matters to investors most is protecting and growing their treasure.

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Value Scope

SEPTEMBER 24, 2020

The notion that we can come together and we can get our regulator to focus on an amorphous set of qualities other than the long-term financial value of a corporation, I think we’re fooling ourselves,” said Commissioner Peirce on CNBC’s Squawk on the Street. . Click to Download: ESG A Valuation Framework. What does this really mean?

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Reynolds Holding

JUNE 16, 2022

Second, we present evidence on public-company disclosures consistent with issuers’ understanding that the SEC has long had authority to take regulatory action in this area. [ Editor’s Note: This post is based on a comment letter submitted to the U.S. Securities and Exchange Commission on June 16, 2022.

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