Audit, Management and Mitigation - Continuity Professionals Pulse

The Relationship Between Internal Controls and Internal Audits

Reciprocity

OCTOBER 7, 2024

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. There can, however, be confusion between these two terms.

Audit

Audit Corporate Governance Evaluation Activation

The Relationship Between Internal Controls and Internal Audits

Reciprocity

OCTOBER 7, 2024

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. There can, however, be confusion between these two terms.

Audit

Audit Corporate Governance Evaluation Activation

A Guide to Completing an Internal Audit for Compliance Management

Reciprocity

DECEMBER 20, 2022

Learn the best way to complete an internal audit for your compliance management program. The Basics of Internal Audits. Internal audits assess a company’s internal controls, including its governance, compliance, security, and accounting processes. What Is the Purpose of an Internal Audit?

Audit

Audit Management Evaluation Activation

What Is an Audit of Internal Control Over Financial Reporting?

Reciprocity

SEPTEMBER 5, 2024

One essential tool that bolsters this trust is an audit of internal control over financial reporting (ICFR). At its core, an ICFR audit evaluates the operating effectiveness of a company’s internal processes and controls that safeguard its financial statements from misrepresentation, either accidental or intentional.

Audit

Audit Evaluation Activation Communications

Crisis Planning: A Foundation For Crisis Management Success

Bernstein Crisis Management

FEBRUARY 6, 2024

Crisis Planning: A Foundation For Crisis Management Success The ability to anticipate and safely navigate through crises has long been a cornerstone of organizational resilience. Effective planning ensures that there is a seamless integration between crisis management, crisis communications, and business continuity efforts.

Crisis Management

Crisis Management Management Communications Audit

Crisis Management Explained: A Comprehensive Guide

Bernstein Crisis Management

MAY 19, 2023

Crisis Management Explained: A Comprehensive Guide Crisis management is a crucial aspect of running a successful organization. What is Crisis Management? The Importance of Crisis Management Even the best-managed businesses can be hit by a crisis caused by external or internal events.

Crisis Management

Crisis Management Management Evaluation Authorization

Brand Crisis Management: Protecting Your Reputation

Bernstein Crisis Management

OCTOBER 17, 2023

Brand Crisis Management: Protecting and Repairing Your Reputation In today’s competitive market, where a brand’s reputation can be its most significant asset or its Achilles’ heel, mastering brand crisis management is more crucial than ever.

Crisis Management

Crisis Management Management Strategic BCM

Audit Checklist for SOC 2

Reciprocity

DECEMBER 21, 2022

If your company is a service organization and your customers trust you with their data, you may need to pass a SOC 2 (System and Organization Controls 2) audit. Compliance and certification are the goals of a SOC 2 audit. The SOC 2 compliance audit gives them that assurance. Develop a SOC 2 Audit Framework. What is SOC 2?

Audit

Audit Gap Analysis Security Cybersecurity

Change Healthcare’s 2024 Data Breach: Key Risk Management Lessons

LogisManager

OCTOBER 17, 2024

Change Healthcare’s 2024 Data Breach: Key Risk Management Lessons Last Updated: October 17, 2024 In 2024, Change Healthcare faced a significant data breach that rippled across the healthcare industry, highlighting how risks are interconnected and can spread beyond their point of origin.

Risk Management

Risk Management Healthcare Management Audit

What is the Three Lines of Defense Approach to Risk Management?

LogisManager

OCTOBER 31, 2023

What is the Three Lines of Defense Approach to Risk Management? While this news is relevant to banks, any organization that values proactive risk identification, effective risk management, and regulatory compliance would benefit from implementing the Three Lines Model to safeguard their operations and reputation.

Risk Management

Risk Management Audit Management Banking

What Are Barriers in Risk Management?

Reciprocity

OCTOBER 8, 2024

Enterprise risk management (ERM) can be a challenging endeavor – but a rewarding one, too. To reap the full benefits, risk management teams must understand what those barriers are, and the techniques you can use to overcome them. Also, risk managers communicate the risk position of the firm to senior management and the board.

Risk Management

Risk Management Management Corporate Governance Audit

What Are Barriers in Risk Management?

Reciprocity

OCTOBER 8, 2024

Enterprise risk management (ERM) can be a challenging endeavor – but a rewarding one, too. To reap the full benefits, risk management teams must understand what those barriers are, and the techniques you can use to overcome them. Also, risk managers communicate the risk position of the firm to senior management and the board.

Risk Management

Risk Management Management Corporate Governance Audit

What Is Management Override of Internal Controls?

Reciprocity

SEPTEMBER 5, 2024

Internal controls do, however, have one nagging weakness: management override of those controls. When managers abuse their override powers to ignore or subvert internal control, all manner of risk and misconduct can follow. What Is Management Override of Internal Controls? The issue is management abuse of its override authority.

Management

Management Audit Authorization Alert

4 Questions IT Managers Can Ask to Strengthen Data Backup and Resiliency

Solutions Review

OCTOBER 20, 2023

So, if you’re an IT manager, what’s the best way to assess the current state of affairs and prepare for what lies ahead? Audits also help to ID what’s being stored and what is no longer needed. Take the time to comprehensively outline your plan, then share it with your team.

Backup

Backup Resilience Audit Management

Why You Should Adopt RACI for a Risk-Based Approach to Task Management

LogisManager

AUGUST 9, 2024

Why You Should Adopt RACI for a Risk-Based Approach to Task Management Last Updated: August 9, 2024 Managing programs effectively is the secret sauce behind organizational success. Enter the RACI model and LogicManager’s task management capabilities. Steps: Organize the goal into manageable tasks.

Management

Management Audit Consulting Activation

4 Questions IT Managers Can Ask to Strengthen Data Backup and Resiliency

Solutions Review

OCTOBER 20, 2023

So, if you’re an IT manager, what’s the best way to assess the current state of affairs and prepare for what lies ahead? Audits also help to ID what’s being stored and what is no longer needed. Take the time to comprehensively outline your plan, then share it with your team.

Backup

Backup Resilience Audit Management

What is the Three Lines of Defense Approach to Risk Management?

LogisManager

OCTOBER 31, 2023

What is the Three Lines of Defense Approach to Risk Management? While this news is relevant to banks, any organization that values proactive risk identification, effective risk management, and regulatory compliance would benefit from implementing the Three Lines Model to safeguard their operations and reputation.

Risk Management

Risk Management Audit Management Banking

Catch My Drift? How To Manage Configuration Drift In Storage & Backup Systems

Solutions Review

AUGUST 29, 2024

Continuity’s Doron Youngerwood offers insights on how to manage configuration drift in storage and backup systems. So, it’s clear that staying on top of configuration drift and actively managing security misconfigurations can significantly mitigate these risks. The post Catch My Drift?

Backup

Backup Management Disaster Recovery Audit

Planning to Reduce Crisis Overload

Bernstein Crisis Management

JUNE 26, 2023

The key lies in strategic crisis management planning that focuses on addressing categories of issues rather than specific circumstances. To prevent crises where it’s possible, and mitigate their impact where it’s not, businesses must invest in comprehensive crisis planning that addresses these areas of vulnerability.

Crisis Management

Crisis Management Communications Media Mitigation

Take Control of Reporting with Configurable Out-of-the-Box LM 2.0 Reports

LogisManager

AUGUST 28, 2024

Fully configurable – reorder fields, add new fields, and manage filters to make them truly your own. Twelve redesigned reports specifically tailored for Enterprise Risk Management, Third Party Risk Management, and Internal Audit. The result? They provide comprehensive views of third-party risks.

Audit

Audit Risk Management Mitigation Publishing

Risk Management Automation: What it is and how it can improve your cybersecurity?

Reciprocity

OCTOBER 8, 2024

Risk management is arguably the most effective way to navigate uncertain circumstances. That said, not everyone can handle the time and resource commitments associated with traditional risk management processes. If this is you, building an automated risk management program may be the wiser course. Integration with other systems.

Risk Management

Risk Management Cybersecurity Management Alert

Risk Management Automation: What it is and how it can improve your cybersecurity?

Reciprocity

OCTOBER 8, 2024

Risk management is arguably the most effective way to navigate uncertain circumstances. That said, not everyone can handle the time and resource commitments associated with traditional risk management processes. If this is you, building an automated risk management program may be the wiser course. Integration with other systems.

Risk Management

Risk Management Cybersecurity Management Alert

6 Reasons Why You Need SOC 2 Compliance

Reciprocity

OCTOBER 8, 2024

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. What Is SOC 2?

Audit

Audit B2B Cybersecurity Capacity

6 Reasons Why You Need SOC 2 Compliance

Reciprocity

OCTOBER 8, 2024

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. What Is SOC 2?

Audit

Audit B2B Cybersecurity Capacity

The Role Corporate Governance Plays in Risk Management

LogisManager

JUNE 1, 2024

The Role Corporate Governance Plays in Risk Management Last Updated: June 4, 2024 As an auditor, compliance officer or risk manager, you’re used to balancing the delicate processes that impact your company’s performance.

Corporate Governance

Corporate Governance Risk Management Government Management

Navigating the TSA: Data Management and Security Imperatives

Pure Storage

JUNE 4, 2024

Navigating the TSA: Data Management and Security Imperatives by Pure Storage Blog In the dynamic world of telecommunications, the UK Telecommunications (Security) Act 2021 (TSA) emerges as a pivotal development, ushering in an era of enhanced data and access security mandates. However, the data deluge also presents an opportunity.

Telecommunications

Telecommunications Security Management Strategic

The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

SEPTEMBER 9, 2021

Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. The editors at Solutions Review have developed this resource to assist buyers in search of the best risk management software and tools to fit the needs of their organization.

Risk Management

Risk Management Management Audit Hospitality

How to Implement Effective Compliance Testing

Reciprocity

OCTOBER 8, 2024

Compliance testing plays a major role in identifying vulnerabilities in existing compliance risk management controls; many regulations also require testing as part of an organization’s compliance obligations, and testing should follow an established process, as well as a risk-based approach. This can take the form of an internal audit.

Audit

Audit Mitigation Communications Application

How to Implement Effective Compliance Testing

Reciprocity

OCTOBER 8, 2024

Compliance testing plays a major role in identifying vulnerabilities in existing compliance risk management controls; many regulations also require testing as part of an organization’s compliance obligations, and testing should follow an established process, as well as a risk-based approach. This can take the form of an internal audit.

Audit

Audit Mitigation Communications Application

Best Practices for Payroll Internal Controls

Reciprocity

OCTOBER 7, 2024

For these reasons, it’s critical to develop a strong payroll process, identify any risks, and implement robust control activities to mitigate those risks. Ghost employee fraud is almost always perpetrated by someone inside the company, usually working in or managing the payroll function.

Audit

Audit Banking Authorization Mitigation

The Importance of Risk Analytics

LogisManager

DECEMBER 5, 2023

The Importance of Risk Analytics Last Updated: December 5, 2023 The Importance of Risk Assessment and Management In the dynamic landscape of business, the importance of risk assessment and management cannot be overstated. Companies that prioritize risk management experience successful project completion and heightened productivity.

Risk Management

Risk Management Audit Impact Analysis Evaluation

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

AUGUST 18, 2022

Enterprise risk management (ERM) is critical for success in the modern business landscape. Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters.

Risk Management

Risk Management Management Mitigation Strategic

Choosing NAID AAA Certified Paper Shredding Services

Prism International

MAY 24, 2024

When news outlets are reporting data breaches from top global brands regularly; it poses the question: can any business manage the risk of data security? If a breach occurs, being NAID AAA certified can show due diligence in following best practices, potentially mitigating legal consequences. Other risks are more formidable.

Audit

Audit Healthcare Mitigation Security

Internal Controls to Prevent Financial Statement Fraud

Reciprocity

OCTOBER 8, 2024

Internal controls assure the audit committee, board of directors, and senior management that the company’s financial reporting is reliable and compliant with applicable laws and regulations. Information and communication to gather and disseminate information about risks to those responsible for financial reporting or risk management.

Audit

Audit Banking Authorization Activation

Internal Controls to Prevent Financial Statement Fraud

Reciprocity

OCTOBER 8, 2024

Internal controls assure the audit committee, board of directors, and senior management that the company’s financial reporting is reliable and compliant with applicable laws and regulations. Information and communication to gather and disseminate information about risks to those responsible for financial reporting or risk management.

Audit

Audit Banking Authorization Activation

How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

OCTOBER 19, 2023

Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure. Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy.

Banking

Banking Corporate Governance Audit Risk Management

What Is Enterprise Risk Management & Its Importance

Reciprocity

NOVEMBER 5, 2021

You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in. It helps you manage, minimize, and in some cases eliminate risks, to keep your organization safe and in business. What Are the Components of Enterprise Risk Management? What is ERM?

Risk Management

Risk Management Management Audit Strategic

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures.

Risk Management

Risk Management Management Mitigation Strategic

Unlocking Climate Change Resilience Through Critical Event Management and Public Warning

everbridge

NOVEMBER 2, 2021

As leaders begin making plans for the future, it is imperative to not only focus on hitting targets such as reduced emissions, curtailed deforestation, and investment in renewables, but also proactively mitigate disasters on the path toward a greener world. ACT – Take quick and decisive action to mitigate or eliminate the impact of a threat.

Resilience

Resilience Risk Reduction Management Command Center

Risk Assessments and Internal Controls

Reciprocity

SEPTEMBER 12, 2024

The system should mitigate an organization’s risk of fraud and loss while safeguarding corporate assets and helping the business to achieve its objectives. Internal controls and risk management are not goals in and of themselves. A proper risk assessment can help an organization to manage risks and improve decision-making.

Audit

Audit Risk Management Mitigation All-Hazards

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

How to prepare for a NIST Audit: Checklist What is a security impact analysis? For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. Additionally, we’ve included links for deeper exploration and a practical guide to preparing for a NIST compliance audit.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

How to prepare for a NIST Audit: Checklist What is a security impact analysis? For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. Additionally, we’ve included links for deeper exploration and a practical guide to preparing for a NIST compliance audit.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

What is Vendor Risk Management (VRM)? The Definitive Guide

Reciprocity

MARCH 24, 2022

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party risk management begins with due diligence before signing a contract, as with any risk management program.

Risk Management

Risk Management Management Audit Cybersecurity

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

MAY 9, 2023

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. I predict by next year they too will conclude that it was a failure in risk management.

Banking

Banking Risk Management Management Corporate Governance

The Relationship Between Internal Controls and Internal Audits

The Relationship Between Internal Controls and Internal Audits

Trending Sources

A Guide to Completing an Internal Audit for Compliance Management

What Is an Audit of Internal Control Over Financial Reporting?

Crisis Planning: A Foundation For Crisis Management Success

Crisis Management Explained: A Comprehensive Guide

Brand Crisis Management: Protecting Your Reputation

Audit Checklist for SOC 2

Change Healthcare’s 2024 Data Breach: Key Risk Management Lessons

What is the Three Lines of Defense Approach to Risk Management?

What Are Barriers in Risk Management?

What Are Barriers in Risk Management?

What Is Management Override of Internal Controls?

4 Questions IT Managers Can Ask to Strengthen Data Backup and Resiliency

Why You Should Adopt RACI for a Risk-Based Approach to Task Management

4 Questions IT Managers Can Ask to Strengthen Data Backup and Resiliency

What is the Three Lines of Defense Approach to Risk Management?

Catch My Drift? How To Manage Configuration Drift In Storage & Backup Systems

Planning to Reduce Crisis Overload

Take Control of Reporting with Configurable Out-of-the-Box LM 2.0 Reports

Risk Management Automation: What it is and how it can improve your cybersecurity?

Risk Management Automation: What it is and how it can improve your cybersecurity?

6 Reasons Why You Need SOC 2 Compliance

6 Reasons Why You Need SOC 2 Compliance

The Role Corporate Governance Plays in Risk Management

Navigating the TSA: Data Management and Security Imperatives

The Best Risk Management Software to Consider for 2021 and Beyond

How to Implement Effective Compliance Testing

How to Implement Effective Compliance Testing

Best Practices for Payroll Internal Controls

The Importance of Risk Analytics

5 Steps to Implement Enterprise Risk Management (ERM)

Choosing NAID AAA Certified Paper Shredding Services

Internal Controls to Prevent Financial Statement Fraud

Internal Controls to Prevent Financial Statement Fraud

How Banks Can Prepare for the FDIC’s Proposed Standards

What Is Enterprise Risk Management & Its Importance

5 Steps to Implement Enterprise Risk Management (ERM)

Unlocking Climate Change Resilience Through Critical Event Management and Public Warning

Risk Assessments and Internal Controls

Guide: Complete Guide to the NIST Cybersecurity Framework

Guide: Complete Guide to the NIST Cybersecurity Framework

What is Vendor Risk Management (VRM)? The Definitive Guide

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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