The KnowledgeLeader Blog
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How to Optimize Effective Audit Planning
Audit planning sets the tone for the audit. If audit planning hasn't been done well, it can make the entire audit much more difficult. You should be answering fou...
What is Strategic Forecasting?
Budgeting is a systematic process for:Expressing future plans in formal quantitative termsAllocating resources to achieve strategic goalsMonitoring progress towar...
When Was the Last Time You Reviewed Your Purchasing Process?
The process of purchasing materials and supplies comprises procedures and activities to acquire goods in the correct quantity and in a timely manner. The process ...
Ten Important Roles of the Audit Committee in Internal Audit
Ten Important Roles of the Audit Committee in Internal AuditAlthough the exact nature, charter, scope and reporting lines of internal audit may vary between compa...
Risks Associated with Data Integrity and Management Best Practices
Failure to manage data integrity risk can have the following impact:Authorization, completeness, and accuracy of transactions may be incorrect as they are en...
Social Media Risk: What it Means to Your Risk Profile
Social Media Risk: What it Means to Your Risk ProfileSocial media platforms and applications have been implemented rapidly by most organizations over the past dec...
Do You Have Adequate Documentation for Your Business Processes?
Good process documentation doesn’t just describe how things work—it tells a story of an organization’s modus operandi (MO). As with any storytelling, you might si...
An Operational Perspective to Risk Assessment
Making Your Risk Assessments Count: An Operational Perspective to Risk AssessmentOperational assessment is often directed to assessing performance against quality...
Important Roles You Need to Be Aware of During Enterprise Risk Management
The chief audit executive (CAE) and internal audit can play one or more of the following roles in conjunction with the implementation of enterprise risk managemen...
How to Identify Remarkable Value in Data Analytics for Internal Audit
Internal auditors have weighed the benefits of data analytics software since the earliest versions of the technology began to surface nearly two decades ago. The ...
