Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog February 28, 2022 Setting the 2014 Audit Committee Agenda to Address Tough Issues As those of you who serve on audit committees know, setting an effective and strategically sound audit committee agenda is no easy task. For one thing, a lot is already on the agenda and there are certain things audit committees are required to do according to the company’s exchange listing standards and other legal requirements. So aside from the things the committee is obligated to do, is there… Blog August 23, 2016 Sourcing SOX Compliance Costs: Fewer Controls, More Scrutiny In a recent post recapping our webinar on rising SOX compliance costs, we cited increased external auditor scrutiny of “information produced by entity” (IPE), or electronic audit evidence, as contributing significantly to the increase in costs, with the testing and validation of IPE requiring almost twice the eight-hour average time required to test other internal controls. External auditors of… Blog August 25, 2016 Strategic Risks: How Can CAEs Up Their Game? The latest Common Body of Knowledge (CBOK) survey of internal audit stakeholders reports 7 out of 10 stakeholders want audit leaders to focus on strategic risks, as well as operational, compliance and financial risks, during an audit. The message is loud and clear. Board members and senior executives are saying they wish to look to the internal audit function for insights that will help them… Blog November 2, 2016 Compliance Insights Top News: Court Rules on RESPA Enforcement and CFPB Constitutionality In our most recent edition of Compliance Insights, we highlight the compelling news regarding the U.S. Court of Appeals for the District of Columbia Circuit’s ruling in favor of a large, non-bank mortgage servicer seeking relief from an order by the Consumer Financial Protection Bureau (CFPB) to pay more than $100 million in penalties related to the assessment of mortgage reinsurance… Blog February 28, 2022 How Optimized Staffing Plays a Role in a Successful S/4HANA Journey As more organizations look to transform their businesses leveraging SAP’s S/4HANA and other SAP applications, it is key to consider the people side of the transformation. From a resourcing perspective there are several unique challenges that business transformation projects bring to an organization. In this post, we will look at a few of these challenges in detail and provide alternatives and… Blog November 7, 2016 Are Wireless Technologies the Answer for Cyber-Secure Offshore Asset Utilization and Operator Profitability? A review by Siemens finds that wireless communications are well suited for the often remote locations of oil and gas industry production facilities, both on- and offshore. Previously, satellites provided producers with communications sufficient for transmitting telemetry data, but that method often fell short in system automation controls, which are increasingly required today. Siemens’ analysis… Blog November 11, 2016 Digital Transformation, Data Governance, and Internal Audit Digital advances, such as big data analytics, mobility and smart connected devices are radically changing not just business processes, but entire operations. Companies across industries are racing to migrate analog approaches to customer interactions, products, services and operating models to an automated, always-on, real-time and information-rich marketplace. For internal audit, this means that… Blog November 15, 2016 Navigating Risk and Complexity by Integrating Contract and Supplier Management Most organizations spend between 30 and 70 percent of their revenues procuring third-party goods and services. This level of expenditure can present significant opportunities to drive operational performance, value and innovation if managed effectively – or it can pose a significant risk if left unmanaged. To realize the former, contracts that govern these transactions and the… Blog November 17, 2016 New Evaluation Tool Enables Boards to Assess and Improve Their Risk Oversight Prudent risk-taking is essential to the success of organizations seeking market opportunities and executing aggressive growth strategies. Boards of directors have a growing role in overseeing risk in the companies they govern. In fact, risk oversight is an integral part of a board’s responsibility to ensure the company’s risk profile is aligned with its strategy. Yet according to a NACD… Blog November 18, 2016 COSO Guide Seeks to Elevate and Evolve Fraud Risk Management Practices For many organizations, fraud risk management consists of checking boxes and thinking positive thoughts: “We hire good people.” “We have a code of conduct.” “We comply with Sarbanes-Oxley (SOX).” “Our hotline does not ring (for serious things).” “Fraud simply doesn’t happen here.” Of course, as forensic professionals, we know that this is not enough. So does the Committee of Sponsoring… Load More
