KnowledgeLeader Blog

Social Media Risk: What it Means to Your Risk Profile

Posted by Protiviti KnowledgeLeader on Thu, Aug 29, 2019 @ 05:31 PM

Social Media Risk: What it Means to Your Risk Profile

Social media platforms and applications have been implemented rapidly by most organizations over the past decade. New ways to utilize social media crop up weekly and new social media tools seem to hit the market just as frequently.

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Topics: social media risk, compliance, risk, KL Tools

Compliance: How to Position for Ultimate Effectiveness

Posted by Protiviti KnowledgeLeader on Thu, Aug 22, 2019 @ 05:49 PM

Positioning Compliance for Effectiveness

Positioning the compliance function for effectiveness is a matter of first defining the roles executive management and the board want the function to play. An understanding of those roles provides a powerful context for evaluating how to position the compliance function within the organization.

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Topics: compliance, risk, KL Tools

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

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

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

Managing Security and Privacy Risks is a Business Issue

Posted by Lark Scheierman on Sat, Feb 27, 2016 @ 10:27 AM

Managing security and privacy for an organization is not an IT issue—it is a business issue requiring a comprehensive, risk-based approach to manage. Because of the risk and impact to the internal control environment, information security risk is an absolute must when outlining topics to address in the audit risk assessment and audit planning process.

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Topics: risk, security, privacy, RCM, KnowledgeLeader tools

Auditing Lessons Learned from Natural Disasters

Posted by Aspen Plummer on Mon, Jul 08, 2013 @ 11:21 AM
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Topics: Protiviti, Hot Issues, internal audit, risk, natural disasters, business continuity, supply chain

Current Events and Headlines in Auditing and Risk Management: March 18-22

Posted by Sharise Cruz on Thu, Mar 21, 2013 @ 12:25 PM

Sen. Levin "London Whale" Report to Put Pressure on Volker Rule Writers

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Topics: Sarbanes-Oxley, laws & regulations, SOX, risk, news, disaster recovery, cloud computing, governance

Risk Management: Integrating Risk with Business Planning

Posted by Sharise Cruz on Mon, Mar 11, 2013 @ 10:25 AM

While strategy-setting defines an enterprise’s overall strategic direction, differentiating capabilities and required infrastructure, a business plan lays out how an organization intends to execute a strategy during an annual period or, if longer, the operating cycle.

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Topics: enterprise risk management, business planning, performance management, audit team, risk

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