KnowledgeLeader Blog

A Compliance Perspective to Risk Assessment

Posted by Protiviti KnowledgeLeader on Thu, Aug 15, 2019 @ 05:11 PM

Making Your Risk Assessments Count: A Compliance Perspective to Risk Assessment

The traditional approach for assessing compliance risks focuses on the severity of impact and likelihood of occurrences, often on a residual risk basis. This approach often results in a cluster of low likelihood risks with various levels of potential severity and fails to address the potential implications to the enterprise of a breakdown in established policies and procedures. For compliance risks, in lieu of mindless guesswork on probabilities, companies should consider the effects of noncompliance events in terms of the following factors:

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Topics: risk assessment, risk, KL Tools

Popular the Week of August 5: Entity-Level Controls Fraud Questionnaire and more!

Posted by Protiviti KnowledgeLeader on Wed, Aug 14, 2019 @ 08:10 AM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from August 5-9! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

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Topics: KnowledgeLeader tools, weekly top 5

An Operational Perspective to Risk Assessment

Posted by Protiviti KnowledgeLeader on Fri, Aug 09, 2019 @ 09:37 AM

Making Your Risk Assessments Count: An Operational Perspective to Risk Assessment

Operational assessment is often directed to assessing performance against quality, time, innovation and cost targets to identify gaps in process performance. Significant performance gaps lead to decisions around making appropriate midcourse corrections or analyzing root causes with the objective of determining actionable process improvements to close the gaps. Given this traditional approach to an operational review, the question of the appropriate level of focus arises when evaluating operational risks.

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Topics: risk assessment, risk, KL Tools

Popular the Week of July 29: Human Resources Capability Maturity Model (CMM) and more!

Posted by Protiviti KnowledgeLeader on Wed, Aug 07, 2019 @ 02:25 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from July 29-August 2! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

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Topics: KnowledgeLeader tools, weekly top 5

Consider the Distinguishing Characteristics of Risk

Posted by Protiviti KnowledgeLeader on Thu, Aug 01, 2019 @ 05:02 PM

Making Your Risk Assessments Count: Consider the Distinguishing Characteristics of Risk

Traditional risk assessment approaches don’t often address the unique risk characteristics most companies face. While using a common analytical framework to evaluate risks with different characteristics may make the assessment process easier to execute, it also may not be as effective as approaches that could provide more insight into how to respond to assessed risks.

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Topics: risk assessment, risk, KL Tools

Popular the Week of July 22: Internal Audit Performance Measures Key Performance Indicators (KPIs) and more!

Posted by Protiviti KnowledgeLeader on Tue, Jul 30, 2019 @ 04:19 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from July 22-26! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

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Topics: KnowledgeLeader tools, weekly top 5

The Most Popular Blog Post of Q2 2019!

Posted by Protiviti KnowledgeLeader on Fri, Jul 26, 2019 @ 09:03 AM

This week, we are highlighting the most popular blog post on KnowledgeLeader from Q2 2019! Take a look at our most popular tool that could help you simplify your audit projects.

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Topics: KnowledgeLeader tools, Quarterly Top Blog Post

Popular the Week of July 15: Annual Internal Audit Plan Report and more!

Posted by Protiviti KnowledgeLeader on Tue, Jul 23, 2019 @ 05:20 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from July 15-19! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

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Topics: KnowledgeLeader tools, weekly top 5

Looking for Digital Risk

Posted by Protiviti KnowledgeLeader on Fri, Jul 19, 2019 @ 10:00 AM

Many auditors are asking themselves the same legitimate question: With so much happening, where do we start?  Advancements in technology and data have been so rapid in recent years that long-standing organizations that failed to pay attention have been disrupted and displaced by so-called “born-digital” competitors. In the case of many organizations who met their fate at the hands of born-digital competitors, it was often a lack of activity – or, at least, a lack of the right activity, at the right pace – that allowed for the rise of the disruptors and led to the demise of the disrupted. It is not hyperbolic to suggest that digital risk is an existential risk for many organizations if ignored.

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Topics: KL Publications, Digital Risk, Digital Transformation

KnowledgeLeader's Top 10: Q2 2019

Posted by Protiviti KnowledgeLeader on Thu, Jul 11, 2019 @ 05:18 PM

Each quarter, we like to take a look at the most popular tools and publications that we've published so that we can get a sense of what our readers enjoy most. This quarter's Top 10 list has variety--we see some classics, some surprises, and a lot of content that should be useful for completing your audit projects throughout 2019 and beyond. Check out the full list and enjoy!

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Topics: KnowledgeLeader tools, KL Top Ten

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