KnowledgeLeader Blog

Risk Oversight and Risk Management Questionnaire: The Most Viewed KL Page in 2014

Posted by Lark Scheierman on Tue, Jul 28, 2015 @ 07:55 AM

At the beginning of each year, the KnowledgeLeader team publishes its top 25 pages from the previous year, as determined by subscribers like you. Not surprisingly, the Risk Oversight and Risk Management Questionnaire was the most viewed page in 2014.

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Topics: enterprise risk management, risk assessment, risk, risk oversight, risk management, KnowledgeLeader tools

Internal Audit Risk Assessment – Audit Committee Report

Posted by Sharise Cruz on Tue, Aug 05, 2014 @ 09:15 AM

 

Each month, we'll be giving our social media and blog followers special access to download one of our most popular recently published tools. 

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Topics: internal audit, Audit Report, risk assessment, audit planning, audit reporting, free tool of the month, audit committee

Internal Audit Risk Assessment Report

Posted by Sharise Cruz on Tue, Jun 10, 2014 @ 12:05 PM

Each month, we'll be giving our social media and blog followers special access to download one of our most popular recently published tools. 

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Topics: internal audit, Audit Report, risk assessment, audit planning, audit reporting, free tool of the month

Internal Audit’s Performance – Raising the Bar

Posted by Sharise Cruz on Fri, Mar 21, 2014 @ 11:04 AM

The internal audit function’s position within a company is unique. It provides its principal stakeholders (audit committee members and management) valuable and objective assurance on governance, risk management and control processes, as well as consulting services to improve operations. With this critical responsibility to fulfill, implicit in executing those duties is internal audit’s continuous improvement to its own practices.

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Topics: performance management, Hot Issues, internal audit, risk assessment, Dan Swanson, audit committee & board, quality assessment review, audit planning, performance measurement

Raising the Bar: Auditing Your Enterprise Risk Management Program

Posted by Sharise Cruz on Wed, Oct 23, 2013 @ 11:36 AM
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Topics: enterprise risk management, Hot Issues, internal audit, COSO, risk assessment, Dan Swanson, audit committee & board, governance risk & compliance

Combined Assurance and the "One Audit Model" at BHP Billiton

Posted by Sharise Cruz on Wed, Sep 11, 2013 @ 11:59 AM
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Topics: training & development, internal audit, risk assessment, performer profiles, audit committee & board, audit planning, combined assurance, collaboration

Risk Management Beyond Borders: Protiviti's Tips for Country Risk

Posted by Sharise Cruz on Wed, Aug 14, 2013 @ 11:10 AM

Country risk comprises the various risks of investing in a foreign country that can lead to either investment impairments or reductions in returns on investment (ROI). Investment impairments may arise from confiscatory actions by a sovereign (e.g., nationalization of the business or expropriation of assets). ROI reductions may arise from discriminatory actions by a sovereign directed to the company, a targeted industry (say, energy or banking) or companies from certain countries (e.g., additional taxation, price or production controls, exchange controls, currency manipulation, expansion controls, performance requirements and other regulations). Both may arise from destructive or disruptive acts by others (e.g., violence, terrorism, war, strikes, infrastructure deficiencies, kidnappings or physical phenomena). The primary objective of managing country risk is to protect company investments in foreign markets and sustain acceptable investment returns.

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Topics: Protiviti, enterprise risk management, risk assessment, Cross-border & Non-US issues, Board Perspectives, country risk, investments and foreign exchange, asset management

Audit Committee Reporting: Leading Practice Examples and Insights

Posted by Sharise Cruz on Tue, Jul 30, 2013 @ 11:48 AM

Chief audit executives and audit teams may be comfortable with the fact that their approach to audit committee reporting has followed the same unwavering path for the past decade. But are they shortchanging themselves by not communicating results as clearly and engagingly as possible?

Three Protiviti executives – David Brand, managing director, Chicago; Jason Maslan, director, Chicago internal audit practice; and Ari Sagett, director, Chicago internal audit practice – addressed the all-too-frequent issue of stale audit committee reporting by offering some eye-opening leading practice examples in a recent webcast.

“I think it’s always good for companies to push themselves and try to do different things that might be of interest to the board – all within the charter of the audit committee and the internal audit charter,” Brand said during the webcast.

Because companies differ, examples cited in this article won’t necessarily fit every organization, though they represent a treasure trove of good ideas that internal audit departments might tailor to their own situations.

TYPICAL QUARTERLY CONTENT

A dashboard report on current activities needs to tell the committee what internal audit (IA) is doing and why, changes to the annual plan (if any), current status of the audit plan, and critical findings or emerging trends.

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Topics: Protiviti, internal audit, risk assessment, audit committee & board, quality assessment review, audit reporting, chief audit executives, dashboards, webinars

Sarbanes-Oxley Compliance Survey Results from Protiviti (Infographic)

Posted by Sharise Cruz on Tue, May 21, 2013 @ 03:34 PM

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Topics: Protiviti, Sarbanes-Oxley, survey reports, compliance, SOX, risk assessment, risk, infographics

COSO Integrated Control Framework: Do the Changes Really Matter?

Posted by Sharise Cruz on Mon, May 06, 2013 @ 10:00 AM

In January 2013, the updated version of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Integrated Internal Control Framework (Framework) went into effect (http://www.ic.coso.org). If you’re wondering what this model is, you probably work for a privately held corporation or a non-profit, or are very new to internal audit.

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Topics: Sarbanes-Oxley, Ann Butera, Hot Issues, compliance, COSO, internal controls, risk assessment, entity-level control

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