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 …
Risk Management, Risk Assessment or Risk Analysis: What’s the Difference? Read More »
COSO framework principles are prescriptive internal controls to reduce risks and get the information needed for smart decision-making.
The cost of compliance is rising. Here’s how to optimize efforts and why it saves your company cash in the long-run
Challenges such as acquiring and retaining top talent, restricted growth opportunities, and economic uncertainty will continue to affect businesses in 2021.
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 …
Tools to Leverage when Communicating about Compliance Read More »
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 …
IT Incident Response Plan: Key Steps to Implement Read More »
Regardless of your company’s industry, there are certain requirements & regulations in place to protect your company, making compliance essential
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. …
By maintaining compliance, fintech companies and cryptocurrency firms have the potential to increase market share and grow revenue.
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 …
Internal Auditor’s Expanding Role in Enterprise Risk Management Read More »
How can your company fosture a culture where employee behavior follows the ethical guidelines required for compliance and IT security?
Third-party risk is the potential impact of working with outside parties to do certain business activities. Learn to better manage that risk.
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