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The Relationship Between Internal Controls and Internal Audits

Reciprocity

Any modern organization looking to navigate today’s risk environment successfully needs both strong internal controls and ongoing internal audits. This guide aims to eliminate that confusion by explaining the meaning and importance of internal controls and internal audits. What Are Internal Audits?

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The Relationship Between Internal Controls and Internal Audits

Reciprocity

Any modern organization looking to navigate today’s risk environment successfully needs both strong internal controls and ongoing internal audits. This guide aims to eliminate that confusion by explaining the meaning and importance of internal controls and internal audits. What Are Internal Audits?

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Are You Ready for the Board and Beyond? A Self-Assessment Guide

LogisManager

Key Takeaways: The board and regulatory bodies evaluate alignment across departments. With the RMM, you can set benchmarks and track progress to ensure all efforts contribute to cohesive, board-ready governance. Misalignment can indicate risks and expose unpreparedness.

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6 Reasons Why You Need SOC 2 Compliance

Reciprocity

That said, if your business is a service provider, you should consider investing in the technical audit required for a SOC 2 report anyway. SOC 2 audits were developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance over a service provider’s cybersecurity controls. Think audit costs are high?

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6 Reasons Why You Need SOC 2 Compliance

Reciprocity

That said, if your business is a service provider, you should consider investing in the technical audit required for a SOC 2 report anyway. SOC 2 audits were developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance over a service provider’s cybersecurity controls. Think audit costs are high?

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The Importance of Risk Analytics

LogisManager

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. The RMM not only assesses ERM program maturity but also highlights gaps in risk coverage, providing actionable insights and benchmarking against industry standards.

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Risk-Based Approach

LogisManager

Similarly, browse our readiness library to benchmark your compliance program. LogicManager offers a variety of out-of-the-box risk assessments and templates to streamline your evaluation process. These functionalities also streamline your audit program by facilitating resource assessment and management. LEARN MORE Assess.

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