An illustration of the concept of business risk management.

Risk Management, Risk Assessment or Risk Analysis: What’s the Difference?

What Is Risk? Risk is the chance that the outcome differs from what is expected. Usually, when we talk about business risk, we are referring to possible negative impact and consequences of an event or decision.  In business, there will always be a certain degree of risk that any organization must face to achieve its goals. At the …

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certification to communicate about compliance

Tools to Leverage when Communicating about Compliance

Forbes cites an apt quote from Dr. John Lund—a family counselor and business communications consultant—where he recommends, “Don’t communicate to be understood; rather, communicate so as not to be misunderstood.” Good and solid communication is—as you likely already know—the cornerstone of a successful joint business venture, so it is worth serious and robust effort to …

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Stack of papers and binder titled incident management.

IT Incident Response Plan: Key Steps to Implement

Nearly all organizations need an incident response plan. Security incidents are inevitable. The time to think about responding to an incident is NOT during the incident. Incidents are stressful, often chaotic (especially when you have no plan). A formally documented, incident response plan helps organizations identify, contain, and remediate security incidents. Key Components of Incident …

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irs 1075 fti

IRS-1075 Compliance Tips for Your Organization

Every year, organizations struggle to know exactly how they should handle Federal Tax Information (FTI). The challenge is that many organizations don’t realize the repercussions associated with accidentally mishandling, storing, using, transmitting, or disposing of FTI. In fact, if your organization has FTI in its possession, then you must comply with all aspects of IRS-1075. …

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Enterprise Risk Management

Internal Auditor’s Expanding Role in Enterprise Risk Management

Companies of all industries and sizes look into using procedures and systems that can help them identify risks to their operations. By finding these risks, a company has a better chance in figuring out how these problems will impact their operations, systems and employee productivity. They can also figure out how often these risks could …

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