Enterprisewide risk management systems have expanded greatly in recent years, primarily as a tool to help management and the board proactively deal with emerging risks. While the entity’s approach to ...

Editor’s note: The author is technical director of the AICPA Center for Plain English Accounting. Addressing audit risk in financial statements with high levels of substantive procedures toward the ...

The Committee of Sponsoring Organizations of the Treadway Commission released a new paper Wednesday on uniting COSO’s enterprise risk management framework with “agile” practices in internal auditing ...

An risk management audit function is required to ensure sensitive data and valuable assets are appropriately safeguarded. Take a hard look at who has access to sensitive data and whether those ...

Audits are an essential, if tedious, part of a company’s risk management strategy. Before the advent of cloud computing, compliance and audit teams had manual procedures and checklists in place to ...

Risk management has become a top concern of audit committee members, according to a new report. A survey of 300 audit committee members by KPMG's Audit Committee Institute and the National Association ...

Financial risks focus on managing the risks of potential loss of physical assets and financial resources. Business risks include contracts, cash and investments, revenue, and inventory. Operational ...

Each year, the Chief Audit Officer develops an audit plan for the University. Using a risk-based methodology, and in collaboration with University leadership, the Chief Audit Officer analyzes ...

Companies engage in a range of audits, either auditing their suppliers, receiving audits from their customers, or inviting in auditing firms to undertake health checks of their businesses. Many audits ...

Robotics process automation (RPA) has become an efficient way to automate labor-intensive and repetitive tasks across a variety of business functions, including finance and accounting, legal, HR, ...