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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...
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 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 ...
Internal Audit: How to Guarantee an Increase in Performance
WHAT IS AN INTERNAL AUDIT?The internal audit function’s position within a company is unique. It provides its principal stakeholders (audit committee members and m...
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 Process Accounts Receivable, Credit and Collections?
In recent blog posts, we’ve discussed KPIs for various processes and even gave a concise description of what they are (see Guide to Managing Mergers and Acquisiti...
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...
COSO Integrated Control Framework: Important Changes You Need to Know
In January 2013, the updated version of the Committee of Sponsoring Organizations of the Treadway Commission Integrated Internal Control Framework went into effec...
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...
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...
