|Busi*ness In*tel”li*gence|, n. - the capacity to acquire and apply business knowledge, the act or state of knowing about your business; to understand and profit from experience; the internal development and sharing of information to create a competitive advantage.
Corporations today are thinking about how to protect assets. A few of the white collar crime problems include hacking/intrusions (cyber vulnerability), insider/outsider trading (convergence of cyber and financial crimes), the Foreign Corrupt Practices Act (FCPA), spear fishing (email compromise) and economic espionage. They must consider the possibility of internal corruption or external corruption, and environmental factors such as culture and competition contributing to these crimes. As protection, organizations can use cyber security, pen testing and data loss prevention tactics.
We’re excited to announce that our next CPE webinar with popular KnowledgeLeader writer Ann Butera is happening soon! Ann picks the topics for her articles and webinars based on popular trends in Protiviti’s Internal Audit Capabilities and Needs benchmarking study. This webinar is meant to help prepare you to implement lean and agile techniques into your audit function. Make sure to register for her upcoming webinar to claim your seat! Then check back on KnowledgeLeader before the webinar begins to see the article she writes on the topic as well.
KnowledgeLeader has recently improved and expanded upon our online CPE training courses. The KLplus area now brings you over 30 self-paced CPE courses—with more to come soon! Our courses meet the NASBA CPE requirements and are in a system where you can easily manage your course progress.
Risk managers, in particular, will find this expansion useful because of the new risk management courses added to the repository. Learn how to identify risk, assess risk, make a risk management plan, and deal with risk.
We’re all aware of the differences in generations and their mentality in the workforce, but what are you doing to close the gap? As a leader, you may experience frustration toward younger direct reports due to a misaligned style of communication. How do you get the most out of your team while satisfying everyone’s needs? Ann Butera, popular KnowledgeLeader writer and President of The Whole Person Project, Inc., just released her latest article about how to take advantage of today’s five-generation workforce by bringing out the best in each.
In initiating the project to update its ERM framework, COSO saw opportunities to achieve clarity on several fronts. The updated framework recognizes the increasing importance of the interconnection of risk, strategy and enterprise performance – particularly in conjunction with making important decisions. It begins with an underlying premise that every entity exists to provide value to its stakeholders and faces uncertainty in the pursuit of that value. Therefore, the framework itself focuses on preserving and creating enterprise value, with an emphasis on managing risk within the entity’s risk appetite. The term “uncertainty” is defined as not knowing how or if potential events may manifest themselves in the context of achieving future strategies and business objectives. “Risk” is considered the effect of such uncertainty in the formulation and execution of the business strategy and the achievement of business objectives.
Note: This blog post has been updated with a link to a Q&A PDF with 17 additional audience questions from the webinar and Ann's responses. Download the pdf at the link at the bottom of the post.
KnowledgeLeader was excited to have our first webinar with Audit Analytics last week! David Falcucci presented on their latest report: SOX 404 Disclosures—A Twelve Year Review. We had a lot of interest in this topic and a vast number of questions during the webinar to prove it.
If you haven’t seen Dan Zitting’s article “The Future of ‘Big Data’ Risk Analytics and Obsolescence of the Traditional Internal Auditor,” now is the time to read it before it’s locked away for KnowledgeLeader members only! This article is the preface for Dan’s upcoming CPE webinar. Reading the article will give you a good sense of the topic, but make sure to attend the webinar to ask Dan your questions while he presents live on April 20th.
If you’re one of the many people who need CPE, listen up. Protiviti and KnowledgeLeader have upcoming CPE webinars and they all have great content and are completely free.
First up, we have a couple webinars on recent benchmarking studies performed by Protiviti:
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