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Login Contact Us Subscribe About Us Topics Tools Publications CPE Training University Center Risk Oversight: How to be Aware of Emerging Business Risks Posted by Protiviti KnowledgeLeader on Thu, Apr 02, 2020 @ 02:15 PM Tweet 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 supported by an updated risk assessment by management. As the committee evaluates disclosure issues, an understanding of the key risks can provide valuable insights. Read More 1 Comment Click here to read/write comments Topics: Enterprise Risk Management , Risk Assessment , Audit Committee & Board , Strategic Risk What You Need to Build Remarkable Partnerships With the IT Organization Posted by Protiviti KnowledgeLeader on Thu, Mar 26, 2020 @ 05:15 PM Tweet The strength of the partnership between IT audit and the IT organization is a significant differentiator in the overall success of IT projects and IT audit effectiveness, our research shows . Read More 0 Comments Click here to read/write comments Topics: IT Governance , IT Strategy , IT Risk , IT Controls Segregation of Duties: Key Facts You Need to Know Posted by Protiviti KnowledgeLeader on Thu, Mar 19, 2020 @ 04:45 PM Tweet Segregation of duties (SODs) is an important concept to internal control frameworks, financial reporting and regulatory compliance, including the Sarbanes-Oxley Act (SOX) . It is a component of an effective control environment. The overall effectiveness of management’s internal controls depends on SoDs to a large extent. For effective internal controls, there needs to be an adequate division of responsibilities. Read More 0 Comments Click here to read/write comments Topics: COSO , Internal Controls , IT Controls , Process-Level Control , Segregation of Duties How to Monitor Transaction Governance for Anti-Money Laundering Posted by Protiviti KnowledgeLeader on Tue, Mar 17, 2020 @ 11:00 AM Tweet Expectations for transaction monitoring (TM) governance are quickly evolving due to the complexity of detection systems, the demand for additional operational oversight, increased regulatory scrutiny and the need for an adequate control framework to guarantee proper risk management. Read More 0 Comments Click here to read/write comments Topics: Enterprise Risk Management , Laws & Regulations , Fraud , Foreign Corrupt Practices Act , Compliance , Financial Services Industry How to Conduct an Up-to-Date Information Security Audit Posted by Protiviti KnowledgeLeader on Tue, Mar 17, 2020 @ 10:00 AM Tweet The point of the article, of course, was that people must focus their attention in the correct places when considering what would most influence their quality of life. That same exact issue exists within organizations where the board and management must ensure that they build and sustain the long-term health of the company. Read More 0 Comments Click here to read/write comments Topics: Enterprise Risk Management , Internal Audit , Audit Committee & Board , IT Infrastructure ISO/IEC 27001 and 27002: Risk Changes You Need to Know Posted by Protiviti KnowledgeLeader on Tue, Mar 17, 2020 @ 08:00 AM Tweet In November 2013, the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) will formally release long-anticipated updates to ISO/IEC 27001 and 27002. The last time these standards were updated was in 2005. Read More 0 Comments Click here to read/write comments Topics: IT Audit , Governance, Risk & Compliance , IT Governance , IT Infrastructure Important Roles You Need to Be Aware of During Enterprise Risk Management Posted by Protiviti KnowledgeLeader on Thu, Mar 12, 2020 @ 03:45 PM Tweet 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 management ( ERM ) in an organization. Read More 0 Comments Click here to read/write comments Topics: Enterprise Risk Management , Internal Audit , Risk Assessment , Audit Planning , Strategic Risk Five Components of the COSO Framework You Need to Know Posted by Protiviti KnowledgeLeader on Thu, Mar 12, 2020 @ 08:00 AM Tweet WHAT DOES COSO STAND FOR? In 1992, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) developed a model for evaluating internal controls. This model has been adopted as the generally accepted framework for internal control and is widely recognized as the definitive standard against which organizations measure the effectiveness of their systems of internal control. Read More 27 Comments Click here to read/write comments Topics: Enterprise Risk Management , Corporate Governance , COSO , Audit Committee & Board Five Tips for Increasing Your Influence as an Auditor Posted by Protiviti KnowledgeLeader on Tue, Mar 10, 2020 @ 08:30 AM Tweet Written by Ann Butera, president of The Whole Person Project, Inc. By definition, “influence” is the ability to get others to act on your suggestions without pulling rank. Influential people can garner support for their ideas and they understand that being persuasive requires more than technical expertise and simply having facts to support a perspective. They can communicate their message in as many ways as necessary to appeal to the diversity of their audience. Persuasive people leverage their relationships with others and the information they possess to get others to act on corrective action plans and implement suggestions for increased efficiency. Read More 0 Comments Click here to read/write comments Topics: Human Resources , Training & Development , Internal Audit , Change Management Audit Committee Reporting: Important Practices and Examples You Need to Know Posted by Protiviti KnowledgeLeader on Tue, Mar 10, 2020 @ 08:30 AM Tweet Chief audit executives and audit teams may be comfortable with the fact that their approach to audit committee reporting has followed the same unwavering path for the past decade. But are they shortchanging themselves by not communicating results as clearly and engagingly as possible? Read More 0 Comments Click here to read/write comments Topics: Internal Audit , Risk Assessment , Audit Committee & Board , Quality Assessment Review , Audit Reporting All posts Next Add a Comment: Subscribe to Our Blog Search This Blog With Google Search About KnowledgeLeader KnowledgeLeader, provided by Protiviti, is the premier resource for internal audit and risk management professionals. With over 1,400 customizable tools and 1,300 articles by industry experts, we offer the most comprehensive service on the market. 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