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Risk Assessment Maps and Prioritizing Business Processes
Risk assessment helps identify and document critical business processes and the internal controls within each process. Combined with facilitated management meetin...
The Three Components of a Successful Systems Design
What is design risk? To “design” is to create, fashion, execute or construct according to plan. The term design as used here refers to the entire scope of a proje...
The Art of Internal Audit Reporting: Direct Impact and Clarity
Internal audit (IA) reporting may be the biggest challenge in the audit process next to scheduling the audit itself and implementing recommendations in today’s co...
How to Define Risk Management Goals and Objectives in Your Organization
Risk oversight and risk management are high priorities on the agenda of most organizations. Here are popular KnowledgeLeader tools that focus on risk management:&...
Change Management Audits: Key Factors You Need to Know
Information technology is critical to the long-term success of most organizations. It is a key driver for the cost of operations, which tends to be a vital compon...
Enterprise Risk Management: How to Effectively Raise the Bar
What is risk management? Everyone talks about the need for good risk management programs, but nobody seems to know how to audit them to ensure that they work. The...
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...
Inventory Management Sample Process Interview Questions
This extensive list of questions can be asked during an interview for an inventory audit.PurchasingCan I have a copy of your policies and procedures?Can I have a ...
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...
The Best Way to Formulate and Execute Audit Procedures
Once a company forms an internal audit function, completes the risk assessment process and develops an internal audit plan that is responsive to the risk assessme...