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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 ...
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...
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...
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 ...
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...
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...
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...
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 ...
