Audit Board

AUGUST 8, 2023

Over time, and around the turn of the century, risk practices took center stage along with increased focus on internal controls and a proliferation of risk management frameworks (RMFs). Other frameworks have varying components, though they follow similar themes. What Are the Different ERM Frameworks?

Compliance 52

Compliance Start-ups Technology Marketability 52

Audit Board

SEPTEMBER 20, 2023

Five Components of the COSO Framework for Internal Controls COSO — which stands for Committee of Sponsoring Organizations of the Treadway Commission — was sponsored by five major professional associations based in the US. Opportunities to reduce or remove controls that are redundant, inefficient, or ineffective.

Compliance 52

Compliance Technology Start-ups Accounting Firms 52

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. GUEST BLOG Editor’s Note: The views expressed here are the opinions of the author.

Start-ups 110

Start-ups 110

Audit Board

JANUARY 12, 2023

Cybersecurity risk assessments are a means for organizations to assess risks to their information assets and are a core requirement of most cybersecurity frameworks. However, specific guidance on how to conduct these assessments is typically not included in framework requirements. Risks Versus Vulnerabilities and Issues.

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

SEPTEMBER 12, 2023

More than 60% of SOX compliance programs use an audit management solution or GRC platform to enable compliance, and three out of four organizations are seeking opportunities to further enable automation in their program. Automation and Technology The use of enabling technologies continues to rise, delivering value-added benefits.

Compliance 52

Compliance Technology 52

Audit Board

AUGUST 1, 2023

Organizations may want to invest in an integrated risk management solution to streamline risk processes and include even more valuable data in their risk analysis. Frameworks and professional associations can help here too. This is required by some compliance frameworks and is a solid best practice.

Technology 52

Technology Start-ups Compliance Marketability 52

Audit Board

MAY 3, 2023

In short, internal controls provide a framework for promoting accountability, integrity, and transparency in an organization. Control objectives from the COSO ​​​Internal Control — Integrat​ed F​r​​amework fall into three categories: operational, reporting, and compliance.

Compliance 52

Compliance Technology Start-ups 52