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What Is an Audit of Internal Control Over Financial Reporting?

Reciprocity

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.

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Crisis Management Explained: A Comprehensive Guide

Bernstein Crisis Management

Externally Caused Crises These crises are triggered by external forces beyond the organization’s control. Key Components of Crisis Management Effective crisis management involves several key components, which can be grouped into three main stages: pre-crisis, crisis response, and post-crisis.

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Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

LogisManager

Companies have continued to fall victim to risk management failures stemming from third-party vulnerabilities. How often has your organization negotiated the right to audit these vendors, only to let your audit rights go unexercised because of competing priorities?

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The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

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. Description: HighBond is an end-to-end platform that brings together security, risk management, compliance, and audit professionals. Fusion Risk Management.

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

LogisManager

ERM seeks to identify possible risks by asking forward-looking questions like “Will the market be the same in 9 months from now? ” Despite clear market shifts towards higher interest rates, SVB sampled quarterly with no further action, assuming their controls were sufficient. What are the observations of front-line employees?

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Navigating New Data Privacy Laws: Key Considerations for Businesses in Today’s Interconnected World

LogisManager

Data Privacy Compliance Challenges for Businesses Expanding Across Jurisdictions Expanding operations across different states or entering international markets introduces a unique business challenge. Conduct a Data Audit: Perform a comprehensive audit of the data your company collects, processes, stores, and shares.

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The Added Value of Security Data for Proptech

Security Industry Association

Here are a few considerations: Reducing risk and maintaining compliance Building rules and policies Laws and regulations Audits Certifications and accreditations (International Organization for Standardization/National Institute of Standards and Technology) Asset/vulnerability management Space utilization/density measurement Maintaining standards and (..)