Remove solutions use-cases third-party-risk-management
article thumbnail

Latest AuditBoard Innovations Accelerate Impact With Greater Efficiency

Audit Board

With AuditBoard® Analytics, teams can drive efficiencies, increase coverage and audit precision, and improve decision making, all part of our connected risk platform. Audit Scoping functionality is now also available in OpsAudit, which enables teams to scope audits using integrated entity, risk, and control data from across the platform.

52
article thumbnail

Disruptions, Data Loss, and Reputational Damage: Why Organizations Are Prioritizing Third-Party Risk Management

Audit Board

In CyberRisk Alliance Business Intelligence’s November 2022 Third-Party Risk Survey, more than half (57%) of respondents reported they were victims of an IT security incident — either an attack or a breach — related to a third-party partner in the past 24 months.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Tactics for Continuous Third-Party Risk Monitoring

Audit Board

Third-party risks change as the business changes. Security breaches, new contracts, and changes in internal risk ownership — to name a few examples — can all impact the performance of a third-party risk management program (TPRM). Establish a periodic reassessment cadence based on risk level. .

article thumbnail

Equipment Appraisal for Insurance

Peak Business Valuation

This is the case with unexpected events like natural disasters, thefts, and accidents. To prepare for them, consider how insurance can mitigate certain financial risks. You may be buying new equipment or managing existing equipment. In either case, insurance can protect a business from serious financial loss.

article thumbnail

Essentials of IT Risk Management: Protect Your Organization from Cyber Threats

Audit Board

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.

article thumbnail

Skadden Discusses Delaware Chancery Decision on Who Can Recover Lost-Premium Damages

Reynolds Holding

Amid the Twitter/Musk litigation, the plaintiff had filed suit seeking to specifically enforce the merger agreement as a third-party beneficiary and alleging that Musk breached his duties as a de facto controller of Twitter. When the deal closed, concerns regarding lost-premium damages were eliminated.

45
article thumbnail

Hotel Equipment Appraisals

Peak Business Valuation

These experiences are all made possible thanks to devoted servers and skillful management. An understanding of hotel equipment’s value is critical in hotel management. Why can’t you just use the initial purchase price? Charles Kettering would say “Understanding the problem is half the solution.”