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Guide to Risk and Risk Reporting
Business risk is the level of exposure to uncertainties that the enterprise must understand and effectively manage as it achieves its objectives and creates value...
COSO Integrated Control Framework: Important Changes You Need to Know
In January 2013, the updated version of the Committee of Sponsoring Organizations of the Treadway Commission Integrated Internal Control Framework went into effec...
How to Develop an Effective Code of Conduct
Executives often cite an ability to adapt to change as the most important factor for success in today’s dynamic business environment; however, there is another eq...
COSO ERM Framework: Key Facts You Need to Know
When initiating the project to update its enterprise risk management (ERM) framework, COSO saw opportunities to achieve clarity on several fronts. The updated fra...
Fraud Detection Red Flags
Corporate fraud, employee theft, insurance scams/workers compensation fraud, employer fraud, forgery/falsified documents and even money laundering are all example...
Internal Audit: How to Guarantee an Increase in Performance
WHAT IS AN INTERNAL AUDIT?The internal audit function’s position within a company is unique. It provides its principal stakeholders (audit committee members and m...
How Are You Monitoring Your Project Management Risk?
Project management risk is significant because of its lasting implications. By definition, a project is a “temporary endeavor undertaken to create a unique produc...
Risk Oversight: How to Be Aware of Emerging Business Risks
Given the dynamic environment, the audit committee should take a close look at the company’s risk profile at least annually. Ideally, this review should be suppor...
What is Process Accounts Receivable, Credit and Collections?
In recent blog posts, we’ve discussed KPIs for various processes and even gave a concise description of what they are (see Guide to Managing Mergers and Acquisiti...
How to Effectively Audit Fixed Assets
Auditing fixed assets is extremely important to ensure that accounting for capital assets and depreciation is in compliance with management’s objectives. Knowledg...
