KnowledgeLeader Blog

What is the Internet of Things?

Posted by Protiviti KnowledgeLeader on Thu, May 23, 2019 @ 04:15 PM

The internet of things (IoT) is an environment in which “things” – objects, animals or people – are given unique identifiers on the internet and are able to transfer data over a network without the need for human-to-human or human-to-computer interaction. The IoT has evolved from the convergence of wireless technologies, micro-electromechanical systems (MEMS) and the internet.

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Topics: risk assessment, IT strategy, privacy, business continuity management, KL Publications, mobile devices

Currency Risk: The Purpose and Risk of Money

Posted by Protiviti KnowledgeLeader on Fri, Dec 14, 2018 @ 01:14 PM

What is Money?

People may say that “money is the root of all evil,” but is it? It may be best to point out that the original quote is better expressed as, “for the love of money is the root of all evil,” which more properly conveys the idea that money is just a thing and not evil itself, but greed and excessive desire for money can be judged morally.

Enough philosophy – let’s get down to brass tacks. Money is useful.

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Topics: enterprise risk management, risk assessment, investments and foreign exchange, accounting/finance, cash and treasury, performance management/measurement, KL Tools, KL Publications

What is Internal Auditing?—Updated!

Posted by Protiviti KnowledgeLeader on Thu, Oct 25, 2018 @ 12:27 PM

What is internal auditing?

About Internal Audit

The internal audit profession, through The Institute of Internal Auditors (IIA), has continued to redefine itself as business risk and organizational complexity have evolved. So, what is internal auditing? Prior to June 1999, The IIA defined internal auditing as follows:

Internal auditing is an independent appraisal function established within an organization examine and evaluate its activities as a service to the organization. The objective of internal auditing is to assist members of the organization in the effective discharge of their responsibilities. To this end, internal auditing furnishes them with analysis, appraisals, recommendations, counsel and information concerning the activities reviewed. The audit objective includes promoting effective control at reasonable cost.

Today, The IIA uses the following definition:

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Topics: internal audit, IT audit, audit committee & board, audit planning, KL Publications, audit testing

The Best of KnowledgeLeader: Q1 2018

Posted by Protiviti KnowledgeLeader on Thu, Apr 26, 2018 @ 09:28 AM

In case you missed them, these were the ten most popular tools and publications on KnowledgeLeader last quarter:

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Topics: KnowledgeLeader tools, KL Top Ten, KL Publications

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