By developing a methodology for collaboration across all three lines of defense, internal audit can make the most of company resources and technology for risk management.
Enterprise Risk Management
Recently issued supplemental draft guidance is designed to help organizations apply enterprise risk management (ERM) principles to environmental, social, and governance (ESG)-related risks.
The Tax Cuts and Jobs Act provides many issues for audit committee members to consider in their oversight of financial statements, external auditors and risk management.
Paul Sobel, the chief audit executive of Georgia-Pacific, replaces Bob Hirth as the chairman of the Committee of Sponsoring Organizations of the Treadway Commission.
Make effective use of the updated enterprise risk management framework from the Committee of Sponsoring Organizations of the Treadway Commission.
Scott Adair, CPA, CGMA, CFO for the Rochester-Genesee Regional Transportation Authority in New York, discusses how to be flexible when temporary changes arise.
Modern computing power, combined with software including Microsoft Excel, can produce advanced statistical models to analyze the risks of business opportunities.
The changes tie risk management with strategic planning.
Know the areas to scrutinize in an annual employee retirement plan review to reduce the risk of errors, misunderstandings, or breaches of fiduciary duty.
Communicating financial stability and strengthening policies and procedures are two areas where CPAs can help not-for-profits, according to Andrew Prather, CPA, CGMA, an audit shareholder at Clark Nuber.
Faithfully applying the principles of ASC Topic 280 can help financial statement preparers avoid problems in a high-risk area.
This column discusses the financial impact of the fourth industrial revolution and why CPAs need to prepare for changes.
The update of the 2004 framework highlights the importance of enterprise-wide risk management in strategic planning.
There are powerful reasons why corporate finance teams should be key participants in their business’s sustainability journeys.
Accountants in all industries can play a meaningful role in the mitigation of model risk at their organizations.
Questions about AU-C Section 315 are addressed.
Whether it means taking external auditors into executive session or getting candid opinions on staff, audit committee members need to provide strong oversight to help the organization thrive and survive.
How much do you know about the foundational principles of an effective fraud risk management program? Test your knowledge in this month’s 5-question quiz.
Here are seven steps small and medium-size companies can take to prevent fraud in the procurement-to-pay process.
The AICPA has issued new TQAs about controls relevant to the audit and control activities relevant to the audit.