KnowledgeLeader Blog

Katrina Opgenorth

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Signs That Your Organization Needs Business Intelligence Solutions

Posted by Katrina Opgenorth on Mon, Jul 10, 2017 @ 08:08 AM

|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.

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Topics: performance management, performance measurement, IT strategy, data analytics, business intelligence

What Is Internal Audit’s Role in Cyber Security?

Posted by Katrina Opgenorth on Fri, Jun 09, 2017 @ 08:57 AM

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.

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Topics: enterprise risk management, internal audit, internal controls, risk assessment, cybersecurity, IT controls

What is the COSO Enterprise Risk Management Framework?—Updated!*

Posted by Katrina Opgenorth on Mon, Feb 20, 2017 @ 09:00 AM

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.

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Topics: enterprise risk management, COSO Framework

Audit Planning: Four Key Questions to Ask to Build Business Knowledge - Updated!

Posted by Katrina Opgenorth on Fri, Jan 20, 2017 @ 10:00 AM

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.

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Topics: Ann Butera, internal audit, audit planning, webinars

Free KnowledgeLeader Access for Professors and Students

Posted by Katrina Opgenorth on Tue, Oct 13, 2015 @ 09:03 AM

The Fall semester has started for most universities around the world. Professors are now going through their syllabi and sharing resources with students that will help them with their studies and research. For some professors, one of their favorite free resources is KnowledgeLeader.

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Topics: KL help, KL University Program

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