The KnowledgeLeader Blog
The KnowledgeLeader Blog is your resource for staying up to date on the latest hot topics in internal audit and risk management. Sign up to join the list and be the first to know about new content!
What Is Internal Auditing?
What Is Internal Auditing?About Internal AuditThe internal audit profession, through The Institute of Internal Auditors (IIA), has continued to redefine itself as...
Second Line of Defense: What Needs to Be Present
What is the Second Line of Defense?Essential to effective risk management, the lines-of-defense model is implicit in COSO’s internal control framework through the...
Segregation of Duties: Key Facts You Need to Know
Segregation of duties (SoDs) is an important concept to internal control frameworks, financial reporting and regulatory compliance, including the Sarbanes-Oxley A...
Audit Committee Reporting: Important Practices and Examples You Need to Know
Chief audit executives may be comfortable that their approach to audit committee reporting has followed the same unwavering path for the past decade. But are they...
Internal Audit: Auditing Standards You Need to Be Aware Of
Auditing Standards for Internal AuditThe Institute of Internal Auditors (IIA) promulgates the International Professional Practices Framework (...
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...
Customer Service: Business Risks You Need to Know
The focus on customer relationship management (CRM), also known as customer care or customer service, has been growing steadily for the last few years. Companies ...
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...
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...
Risk Oversight: How to Be Aware of Emerging Business Risks
Given the dynamic environment, the audit committee should take a close look at the company’s risk profile at least annually. Ideally, this review should be suppor...