This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Not all risk-based approaches are created equal: does your bottom-up planning start with risks in mind? The traditional audit planning process starts with understanding the risk profile of your audit universe, all auditable entities, then building a plan based on risk ratings for the predetermined entities.
To this end, companies would be required to affirm whether they have a cybersecurity risk assessment program , how it works, how it fits into strategy and planning, and whether it uses (and how it chooses) third parties. In particular, all three require some form of examination to ensure that certifications or statements can be backed up.
It’s a thorough examination of your two firms to determine the readiness for an acquisition, including a Calculation of Value and a close examination of the specificrisks of doing a transaction. It’s one part technology fit. Click here to get started. It needs to be treated as a business process and transaction.
2023 is shaping up to be a pivotal year for business leaders. On your connected risk journey, careful planning and guidance from audit, risk management, and compliance professionals are essential for business success when facing risk challenges such as digital transformation, climate change, supply chain disruption, and economic uncertainty.
Assess PRAC to Better Understand, Prioritize, and Manage Risk Every business looks to achieve better performance, stronger resilience, greater assurance, and more cost-effective compliance. Resilience: Are You Prepared to Respond to and Recover From Risk Events? That’s why ITRM is the technology category of focus for resilience.
This is often by design, as the intent is to encourage organizations to build a risk management program that is unique to the type of business being conducted and the type(s) of data being processed. But this often leaves organizations in a position where there is little certainty about where to start. .
They feel an increasing urgency to get in place the people, processes, controls, and technologies needed to support reliable, up-to-date, accessible, and auditable ESG reporting. Are insights and issues being communicated up, down, and across the organization? Managing and monitoring issues and ensuring follow-up.
Impact of COVID-19 : As we enter the third year of the pandemic, it may still be too early to entirely eliminate COVID-19 specificrisk factors, but companies may be able to significantly streamline their disclosures. A Note on the Presentation of Risks.
Generative artificial intelligence (AI) In the early months of 2023, major advances in the development and use of generative AI made headlines—including the promises and perils of the technology and its ability to create new, original content, such as text, images, and videos. Increased cybersecurity risks.
Although the market for SPAC IPOs has cooled relative to 2021, litigation arising out of SPAC transactions remains active, and courts have started to rule on motions to dismiss in SPAC-related shareholder lawsuits, with several recent decisions finding plaintiffs’ allegations to be sufficient to move forward.
According to Cornerstone Research, although new filings remain consistent with the first half of 2021, the number of approved settlements is up over 30% from the same time last year, and the median settlement amount has rebounded from the low that we reported in our 2021 Mid-Year Securities Litigation Update. at 5–6, 74, 98. Martinez v.
Risk management as a discipline has evolved to the point that there are now common subsets and branches of risk management programs, from enterprise risk management (ERM) , to cybersecurity risk management, to operational risk management (ORM) , to supply chain risk management (SCRM). or “What if?”
Consistent with trends in recent years, technology transactions continued to play a significant role in the M&A story in 2022, with tech deals responsible for approximately 20% and 32% of overall global deal volume and U.S. billion acquisition by a consortium led by Permira and Hellman & Friedman and Thoma Bravo’s $10.7
Audit solutions for accounting firms Specific challenges related to auditing cryptocurrency transactions Despite this advancement, challenges remain due to the unique technological aspects of blockchain and cryptocurrency transactions, which can complicate auditing and increase risks of material misstatement.
We organize all of the trending information in your field so you don't have to. Join 8,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content