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