ThomsonReuters

DECEMBER 6, 2022

Today, ESG is resulting in significant opportunities for auditors, fueled by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products. Credibly demonstrate how they execute on their purpose to drive value for all stakeholders.

Accounting Firms 59

Accounting Firms Finance 59

Audit Board

FEBRUARY 28, 2023

As internal auditors, we must do all we can to stand out in our roles. In the years I’ve spent as an Internal Auditor and SOX Compliance Manager with biotech and manufacturing companies, I have found many practical techniques that helped me tremendously. Your connections are a valuable resource to your stakeholders.

Start-ups 52

Start-ups Technology Compliance Marketability 52

Harvard Corporate Governance

MAY 11, 2022

Managers, investors, auditors, and other stakeholders are concerned about the impact of fair value accounting on firms’ litigation risk (e.g., Pickerd and Piercey 2021; Christensen et al. 2012; Bell and Griffin 2012; Herz et al. 2008; Laux and Leuz 2009).

Marketability 247

Marketability 247

ThomsonReuters

JANUARY 12, 2023

Social risks include impacts to all stakeholders and global citizens, including the well-being, reputation, or privacy of customers, employees, or suppliers, as well as issues related to diversity, equity, and inclusion (DEI). . Increasingly, businesses are engaging third-party assurance auditors to report on those ESG disclosures. .

Compliance 52

Compliance Technology Accounting Firms Equity 52

Audit Board

NOVEMBER 17, 2023

When fraud is so rampant, it seems logical that auditors should uncover fraudulent activity more often. Internal auditors are even expected to consider fraud risks in their audits, but they are rarely equipped for this task. Why Auditors Miss Fraud We do not find fraud simply because we are not actively looking for fraud red flags.

Start-ups 59

Start-ups 59

Harvard Corporate Governance

JUNE 16, 2023

Robertson, Jenner & Block LLP, on Friday, June 9, 2023 Tags: Corporate culture , Disclosure , Environmental disclosure , environmental justice , internal stakeholders , regulation , Risk oversight Drag-Along Provisions and Covenants Not to Sue in the Private Company M&A Context Posted by Amy L. Feltman-Frank, and Daniel L.

Treasury 185

Treasury Marketability 185

Reynolds Holding

JANUARY 15, 2024

Over the last decade, investors and other stakeholders have demonstrated a preference for firms that embrace good environmental, social, and governance (ESG) practices. The central issue faced by investors and other stakeholders is to separate firms that “talk the talk” from firms that “walk the talk.” management, board).

Marketability 59

Marketability 59

ThomsonReuters

JANUARY 24, 2023

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

Accounting Firms 59

Accounting Firms Compliance Marketability 59

Internal Audit 360

FEBRUARY 16, 2023

I n a “special issue” of its Global Perspectives and Insights newsletter the Institute of Internal Auditors provided an early view of the changes it is considering to its professional practice standards, which govern how it expects its members to act as they conduct their work as internal auditors.

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IVSC

SEPTEMBER 25, 2023

Additionally, the rise of stakeholder capitalism and the emphasis on Environmental, Social, and Governance (ESG) factors have transformed business strategies. In this context, business valuation must evolve to accurately reflect these market dynamics and create value for all stakeholders. Who Should Attend?

Business Valuation 130

Business Valuation Intangible Assets Technology Finance 130

ThomsonReuters

JANUARY 12, 2023

While some think automation may take the place of an accountant or auditor, firms with a forward-thinking mindset have shifted their services to more value-added “human touch” advisory offerings to grow their business—while letting the robots handle mundane tasks. . The same holds true for audit technology. . Auditing cryptocurrency.

Accounting Firms 52

Accounting Firms Technology Compliance Start-ups 52

ThomsonReuters

JANUARY 3, 2023

Too many of today’s auditors are stressed and overworked. Therefore, firms need to ensure that auditors can access the tools they need and achieve the greater work-life balance they desire should they wish to retain top talent. . Auditors are no exception. What challenges do auditors face today?

Technology 59

Technology Accounting Firms 59

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. Internal auditors rarely have this conversation with the audit committee. I’m pleased to continue that tradition for 2023. Don’t get left behind.

Compliance 88

Compliance Technology 88

Audit Board

MAY 17, 2023

As internal auditors, we have the privilege and responsibility of being among the guardians of trust within our organizations. This can even be true on the job as internal auditors when — in the heat of a high-stakes, emotionally charged situation — we might find ourselves motivated by loyalties that go beyond doing the right thing.

Start-ups 52

Start-ups 52

Audit Board

FEBRUARY 13, 2023

Auditors in financial services face a broad spectrum of challenges as they tackle a dynamic and complex regulatory environment, rigid frameworks, and dated audit technology. By adopting an agile mindset, internal auditors assume that changes are always coming, and the resulting audit plan embraces the dynamic nature of regulatory change.

Start-ups 52

Start-ups Technology Banking Compliance 52

Reynolds Holding

SEPTEMBER 19, 2023

1] These standards, if adopted, would heighten requirements for auditors to identify, evaluate, and communicate regarding a company’s possible or actual noncompliance with laws and regulations, as described in more detail below. Specifically, the standards would: Replace “illegal acts” with “noncompliance with laws and regulations.”

Compliance 40

Compliance Technology 40

Audit Board

MARCH 28, 2023

The Financial Services (FinServ) sector constantly changes with expanding organizational risk profiles, tighter regulations, and rising stakeholder expectations, creating a demanding assurance landscape for internal audit teams. Staying current in a rapidly changing regulatory landscape requires a different approach.

Technology 52

Technology Banking Compliance 52

Audit Board

NOVEMBER 16, 2023

2024 Top Risks: Are Internal Auditors Embracing AI? 2024 Top Risks: Are Internal Auditors Underestimating the Risk Exposure Gap? 2024 Top Risks: Are Internal Auditors Underestimating the Risk Exposure Gap? Or are internal auditors simply becoming conditioned to a state of permacrisis? Is this wishful thinking?

Technology 52

Technology Compliance 52

Audit Board

DECEMBER 15, 2022

Kristen Sullivan of Deloitte discusses the opportunities for internal auditors to step up and take on a trusted advisor role around ESG. Internal Auditors as Catalysts Driving Integration of ESG Considerations Across the Business. Leading Considerations for Internal Auditors Ahead of the SEC’s Proposed Climate Rule.

Start-ups 52

Start-ups Technology Compliance Marketability 52

ThomsonReuters

JANUARY 12, 2023

Essentially, the work completed by an accountant is certified by an auditor. . The findings of an internal audit are used to ensure compliance with laws and regulations, make improvements to internal controls, and help management identify flaws in processes prior to a review by external auditors. .

Technology 59

Technology Compliance Start-ups Accounting Firms 59

Audit Board

DECEMBER 7, 2022

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. Download the full guide here, and continue reading below for three key ESG considerations auditors should take into account when audit planning. .

Compliance 52

Compliance Marketability 52

Audit Board

JUNE 13, 2022

Instead, we promote good auditors into management positions while providing little, if any, formal project management training. Audit managers are typically expected to manage the project as well as manage the team, review the team’s completed audit work, liaise with stakeholders, and often to complete portions of the audit as well.

Start-ups 98

Start-ups Technology 98

Audit Board

APRIL 30, 2022

Over the years, I have heard many audit leaders describe the stakeholders in their organizations as customers or clients. As internal auditors, our job is to set clear expectations based on the clients’ priorities and then deliver our services to our best ability. Communicate Regularly With All Stakeholders.

Marketability 98

Marketability 98

Audit Board

OCTOBER 12, 2022

Hear how this team gets more done by switching from a manual environment to AuditBoard, including: Leveraging AuditBoard’s SOXHUB , OpsAudit , and RiskOversight , solutions together to enable a seamless workflow across the team as well as internal and external stakeholders. We communicated early and often, and we trained early and often.

Technology 52

Technology Marketability 52

Audit Board

MAY 31, 2023

Every company, especially private companies and startups, can benefit from the specialized skills internal auditors bring to the business and the culture of control they can help establish. Internal auditors help ease the worry by independently assessing the organization’s operations, including financial reporting and other regulatory areas.

Start-ups 52

Start-ups Compliance 52

Audit Board

JANUARY 17, 2023

As auditors embark on developing their 2023 audit plans, one important risk area not to overlook is environmental, social, and governance (ESG). Focused Reviews For ESG areas of high stakeholder concern or low-risk appetite, organizations may wish to undertake more focused reviews. Benchmark ESG topics in your industry.

Start-ups 52

Start-ups 52

Audit Board

JUNE 3, 2022

These risks, however, are also opportunities for growth – to become the ethical, inclusive, and sustainable workplaces that not only manage risk, but proactively increase their stakeholders’ quality of life. 1: Inventory and Interview Your Stakeholders. 3: Supply Chain Issues . 4: International Conflict.

Compliance 98

Compliance Start-ups Equity Finance 98

Audit Board

DECEMBER 1, 2022

2023 Focus on the Future , AuditBoard’s latest survey of leading internal audit executives, finds internal auditors appear to be coasting in increasingly turbulent times. Yet, despite the significant uptick in awareness among auditors, all three components of ESG remain in the bottom half of 2023 risk areas surveyed.

Start-ups 52

Start-ups Technology 52

Audit Board

MARCH 22, 2022

In our Spotlight on Success series, Janet Joy, Executive Director and Head of Internal Audit at Amsted Industries , and Tom Osmolak, Senior Internal Auditor at Amsted Industries, share how their team leverages real-time visibility to streamline their communication with the business and deliver valuable data and insight. How old are they?

Start-ups 52

Start-ups Technology Marketability 52

Audit Board

AUGUST 29, 2023

Risk managers and internal auditors are charged to assess risk, and to advise management and the board on the overall effectiveness of the organization’s ability to manage risk. Historically, there was a sizable gap between the knowledge of our key stakeholders and our knowledge as internal audit and risk professionals.

Technology 52

Technology Compliance Start-ups Banking 52

Audit Board

OCTOBER 16, 2023

Advanced analytics — the autonomous or semi-autonomous examination of data or content using sophisticated techniques and tools — have a proven host of benefits when leveraged effectively by auditors. The benefits of modern data analytics are evident at the process level. Take, for example, organizing and preparing evidence for testing.

Technology 52

Technology Compliance Marketability 52

Harvard Corporate Governance

MAY 13, 2022

Tags: Climate change , Disclosure , Environmental disclosure , ESG , External auditors , Materiality , SEC , SEC rulemaking , Securities regulation , Sustainability.

Marketability 213

Marketability Technology 213

IVSC

JUNE 14, 2023

Nabeel’s role over the last several years has entailed pre and post investment valuation review and working extensively with the Deal & Asset Management teams, Valuators, Auditors and Risk & Compliance functions, among other key stakeholders within institutional funds.

Intangible Assets 130

Intangible Assets Corporate Finance Finance Equity 130

Audit Board

MARCH 20, 2023

However, in a survey conducted by the Chartered Institute of Internal Auditors (CIIA) and AuditBoard , nearly half (49%) of respondents said the biggest barrier to data analytics progress is the lack of existing skills and resources in the function. A data analytics-enabled internal audit function is only as effective as its people.

Technology 52

Technology 52

Audit Board

SEPTEMBER 7, 2022

As internal auditors, we typically perform our work according to the methodology adopted by our organization. In this article, I will share my three most valuable lessons to help auditors approach our work with a fresh perspective. My Experience With Mystery Shopping. Lesson 1: Learn From New Experiences.

Start-ups 69

Start-ups Technology 69

Audit Board

JUNE 6, 2023

With continuous assurance , auditors address risk and control deficiencies in near real-time instead of performing point-in-time assessments that consist of reviewing past activities. This results in stakeholders’ ability to understand the criticality of risks and deficiencies identified, regardless of the team that reports them.

Compliance 52

Compliance 52

Reynolds Holding

AUGUST 16, 2022

This prompts the question: What role did auditors play in facilitating the diffusion of stock-option backdating to their clients? I also examine whether ties to executives who engaged in backdating in the past, or ties to local offices of auditors with clients who backdated, increased the likelihood of such an event.

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