Audit Board

APRIL 13, 2022

With rising inflation and supply chain bottlenecks, companies are looking for ways to manage risks and expenses. Relationships with third parties who are vital to supplying goods, materials, and services is an evergreen risk that has become even more critical during the COVID-19 era.

Compliance 98

Compliance 98

Audit Board

OCTOBER 23, 2023

Thousands of audit, risk, sustainability, and compliance professionals tuned in virtually for Audit & Beyond 2023 , AuditBoard’s fifth annual user conference, joined by hundreds who attended the event at Marriott Marquis San Diego Marina in San Diego, CA. Watch the highlights of Audit & Beyond 2023.

Compliance 69

Compliance Technology 69

Audit Board

SEPTEMBER 28, 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. . Heather Acker shares how Baker Tilly uncovers the next generation of internal audit talent.

Technology 98

Technology Compliance Marketability 98

Audit Board

MAY 6, 2022

Audit committee members have oversight of internal audit, but time together is often limited to just four meetings each year. Read on and download the PDF below for a checklist of questions for audit committee members to ask the CAE to set expectations, drive meaningful communication, and dig deeper into organizational risks.

Compliance 98

Compliance Technology Specific Risk 98

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? This article explores how different accounting firms use AI in their operations to drive efficiency and excellence in their services.

Accounting Firms 111

Accounting Firms Technology Compliance Data Analysis 111

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

Compliance 105

Compliance Technology 105

Audit Board

JANUARY 2, 2023

This year’s resolutions take inspiration from AuditBoard’s 2023 Focus on the Future report, which asked internal auditors to identify the biggest strategic risks facing the profession. When identifying strategies to help you increase internal audit’s impact in 2023, where better to begin? Our focus must be on the risks. .

Compliance 88

Compliance Technology 88

Internal Audit 360

APRIL 14, 2022

T he recent evolution of the Three Lines model underscores the idea that internal audit must work to create and protect business value. Whilst change is a factor in every business, some organizations may be going through profound transformation, implying a major exposure to change risks.

Start-ups 98

Start-ups 98

Audit Board

SEPTEMBER 19, 2023

What are your top priorities when developing a strategic IT risk program? Must-haves of effective IT and cyber risk functions, and transformative technologies for IT risk organizations. How to effectively position your function for the right amount of investment from leadership within your organization.

Compliance 52

Compliance Technology 52

Internal Audit 360

JULY 20, 2023

It had a couple of objectives, including reviewing the Definition of Internal Audit (which it decided did not require updating, although we did decide to add a Mission of Internal Audit ), and answering the question of whether the IIA’s International Standards for the Professional Practice of Internal Auditing should be principle or rules based.

97

97

Audit Board

NOVEMBER 6, 2023

Not all risk-based approaches are created equal: does your bottom-up planning start with risks in mind? The traditional audit planning process starts with understanding the risk profile of your audit universe, all auditable entities, then building a plan based on risk ratings for the predetermined entities.

Start-ups 52

Start-ups Specific Risk Technology 52

ThomsonReuters

JUNE 28, 2023

If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management.

Accounting Firms 98

Accounting Firms Compliance Start-ups Technology 98

Audit Board

DECEMBER 18, 2022

Having previously discussed cloud computing essentials , in this article, we’ll focus on how to tackle key auditing challenges. . A clearly defined security perimeter may no longer exist, and there are limited tools and visibility detailing how users interact with cloud-based data when managed by a third-party vendor.

Compliance 52

Compliance 52

Audit Board

APRIL 30, 2022

Over the years, I have heard many audit leaders describe the stakeholders in their organizations as customers or clients. Maister, author of “ Managing the Professional Service Firm ,” best illustrates the dynamic of client satisfaction. Taking a Client Service Approach to Internal Audit. Prioritize Client Concerns.

Marketability 98

Marketability 98

Internal Audit 360

DECEMBER 8, 2022

Editor’s Note: The views expressed by the author do not necessarily reflect the views of Internal Audit 360 ° , as we seek to bring varied and provocative ideas to our readers. T he idea that audit plans should be risk based is so old and widely accepted that we rarely give it a second thought. The problem?

EBITDA 52

EBITDA Market Risk Marketability 52

ThomsonReuters

JANUARY 9, 2024

Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules , companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in each country where they do business. The new requirements are complex and still evolving.

Technology 88

Technology 88

Audit Board

JUNE 13, 2022

Is your audit team being held back by a fundamental disconnect in how you’re approaching projects? Every audit is a project and successful projects require management, but internal audit managers are rarely trained in the principles of project management.

Start-ups 98

Start-ups Technology 98

Audit Board

DECEMBER 7, 2022

An ESG risk and reporting program should not be implemented in isolation — it should be part of a larger, integrated risk management approach. AuditBoard and Deloitte’s new guide, How to Audit ESG Risk and Reporting , explores how auditors can strategically integrate ESG into their audit planning and activities.

Compliance 52

Compliance Marketability 52

Audit Board

MARCH 15, 2022

Supply chain disruption is one of the most visible risks impacting many organizations. Gartner’s 2022 Audit Plan Hot Spots report calls out the supply chain as a top 10 risk that should be on every auditor’s radar. Five Supply Chain Risks to Include in Your Assessment. Reputational Risk. Cybersecurity Risk.

Compliance 98

Compliance Start-ups 98

Audit Board

APRIL 7, 2022

As the importance of risk management continues to grow in a volatile risk environment, organizations are seeking to examine risk metrics from their key risk indicators (KRIs) to gain insights into top risks and forecast future risks. What kind of data do we have?

Start-ups 98

Start-ups Compliance Banking Technology 98

Audit Board

NOVEMBER 17, 2023

You can find a news article about fraud every day. Internal auditors are even expected to consider fraud risks in their audits, but they are rarely equipped for this task. More frauds are reported via whistleblowers than through frauds uncovered during an internal audit.

Start-ups 59

Start-ups 59

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.

Marketability 98

Marketability 98

Internal Audit 360

DECEMBER 22, 2022

From an internal audit perspective, it meant focusing on helping to make those organizations more resilient in the face of uncertainty and rapid change. As we look back on the top internal audit articles of 2022, we see many of these themes emerging in the articles that ranked the highest among you, our readers.

Start-ups 98

Start-ups Compliance 98

Audit Board

JUNE 29, 2023

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. Changing the perception of internal audit is key to bringing value and helping your organization navigate uncertainty.

Start-ups 52

Start-ups Compliance Technology 52

Audit Board

JUNE 3, 2022

Environment, Social, Governance (ESG) is a framework for assessing risks to a company’s operations related to large-scale, long-term environmental, social, and governance issues. An ESG audit will also substantiate the accuracy of any ESG-related data your organization discloses to employees, stakeholders, and regulatory entities.

Compliance 98

Compliance Start-ups Equity Finance 98

Reynolds Holding

MAY 15, 2024

Audit firms are private businesses with the same legitimate interest in making a profit that all private businesses have. [1] 1] But audit firms have also been entrusted to be essential gatekeepers in maintaining the integrity of our capital markets. The audit firm wins the audit engagement.

Accounting Firms 45

Accounting Firms Compliance Private Equity Firm Marketability 45

ThomsonReuters

FEBRUARY 6, 2024

Jump to: When to consider an automated tax software solution Benefits of sales tax automation software What if you don’t have a complex business model? Amidst a rapidly changing regulatory landscape, it can seem more challenging than ever to understand your sales tax obligations in every jurisdiction in which you do business.

Compliance 98

Compliance 98

Internal Audit 360

MARCH 29, 2023

Some believe, but many do not. Management discussions may initially imply that all is well, but it is critical to perform thorough process and control walk-throughs to validate descriptions, control points, approvals, exceptions handling, and other aspects. We need documented evidence to support our audit findings.

Banking 98

Banking 98

ThomsonReuters

JANUARY 8, 2024

AI-powered software can handle large volumes of data with speed and accuracy, significantly reducing the risk of human error. By analyzing historical data and market trends, AI algorithms can provide valuable insights into potential risks and opportunities. It’s all about the data.

Data Analysis 101

Data Analysis Compliance Technology Banking 101

Audit Board

NOVEMBER 21, 2022

In response to rising prompts from regulators and internal and external stakeholders alike, more organizations than ever are now focused on environmental, social, and corporate governance (ESG) risks. How internal audit and risk leaders can layer ESG components into their audit plans and ERM strategy. .

Start-ups 52

Start-ups Compliance Marketability Equity 52

Audit Board

JANUARY 10, 2023

shares how audit, risk, and compliance teams are leveraging AuditBoard’s connected risk platform to engage their global business owners to understand their top risks across regions. Activating business stakeholders across the Americas, EMEA, and ANZ to identify and understand the top risks in each region.

Compliance 52

Compliance 52

Internal Audit 360

APRIL 27, 2022

While there is very little debate that the head of internal audit, usually the chief audit executive (CAE), should report functionally to the board (usually the audit committee of the board), there are some strong opinions on where it should report for administrative purposes. Approving the risk-based internal audit plan.

Start-ups 98

Start-ups 98

Audit Board

APRIL 21, 2022

Cybersecurity has been a top risk to businesses for several years, and most businesses have taken this threat very seriously. Companies’ actions to mitigate cybersecurity risk are not generally visible to the public, so investors are often in the dark when deciding which companies are good options for their investments. .

Compliance 98

Compliance Start-ups Technology Finance 98

Audit Board

AUGUST 29, 2023

But the 2020s are a different kind of chaos, with one risk-disruptive crisis after another, from COVID, supply chain woes, and war in Ukraine to inflation, waning confidence in banking and the capital markets, climate impacts, domestic political polarization, and more. We are in a state of persistent crisis, with no sense of how we’ll escape.

Technology 52

Technology Compliance Start-ups Banking 52

Audit Board

MAY 11, 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. Internal audit sits at the intersection of risks , gaining a powerful enterprise-level view ??it

Technology 52

Technology Start-ups 52

Internal Audit 360

OCTOBER 11, 2022

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. We might not have been experts in running HR, but we were experts in processes, risks, and controls.

Compliance 52

Compliance Marketability 52

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.

Technology 52

Technology Marketability 52