The KnowledgeLeader Blog
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What is IT Audit?
It is common to find organizations investing more and more resources – money, time, staff, etc. – these days in technology. Consider a relatively small ...
A Compliance Perspective to Risk Assessment
Making Your Risk Assessments Count: A Compliance Perspective to Risk AssessmentThe traditional approach for assessing compliance risks focuses on the severity of ...
Key Performance Measures for Improving the Internal Audit Process
An effective business process is built on a set of well-defined and clearly stated business objectives. These key objectives articulate the ideal performance resu...
Disclosure Controls and Procedures: Key Facts You Need to Know
The SEC introduced “disclosure controls and procedures” as a new term in its initial August 29, 2002, release following the enactment of Sarbanes-Oxley. Disclosur...
What is the Internet of Things?
The internet of things (IoT) is an environment in which “things” – objects, animals or people – are given unique identifiers on the internet and are able to trans...
How to Identify Important Components of SOC Report Evaluation
There are distinct differences between SOC 1 and SOC 2 reports, but these reports also certainly overlap. For example, the security principle in a SOC 2 report re...
Communicating With Shareholders: What You Need to Know
Communicating with shareholders is about capital – the ability to access either equity or debt at the lowest possible cost. By understanding investor motivation a...
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 ...
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...
Audit Committee: Importance to the Board of Directors
What should the audit committee’s relationship be with an organization’s board of directors, compensation committee, disclosure committee, and nominating and gove...
