The KnowledgeLeader Blog
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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...
How to Monitor Transaction Governance for Anti-Money Laundering
Expectations for transaction monitoring (TM) governance are quickly evolving due to the complexity of detection systems, the demand for additional operational ove...
What is Transaction Authenticity?
What Is Transaction Authenticity?"Transaction authenticity" can be defined as the authentication of a party’s (individual, organization) identity, to ensure that ...
What is Sourcing Risk?
Outsourcing has become a keystone of major business operations to the point that it’s almost a given that large companies will move certain expensive business pro...
What is Strategic Forecasting?
Budgeting is a systematic process for:Expressing future plans in formal quantitative termsAllocating resources to achieve strategic goalsMonitoring progress towar...
How to Evaluate Your Corporate Culture
Starting the Process to Evaluate CultureInternal auditors often talk about the “tone at the top” – the idea that corporate culture begins with the example set by ...
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...
Comparing U.S. Sarbanes-Oxley with C-SOX (Bill 198) and J-SOX (FIE)
As a result of the infamous Enron and WorldCom scandals, the U.S. reacted with strict guidelines to re-establish confidence in the financial market. Commonly refe...
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...
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...
