When entrusting third-party service providers, organizations must take appropriate measures not only to protect their information assets, but also to ensure compliance with a changing landscape of security and privacy regulations, many of which differ by industry, state and country. Grant Thornton’s Warren Stippich reviews special considerations when hiring a third party.
Grant Thornton’s Warren Stippich outlines important factors and initiatives needed to advance the internal audit function.
It is often said that being on an audit committee is a part-time job with full-time responsibilities. It’s no wonder when you consider the broad and critical role that the audit committee plays. In essence, every audit committee’s role is to stand objectively in the gap between management, the external auditors and the people who [...]
In recent years, challenges concerning automation, technology risk and operational improvements were often put on the backburner as organizations responded to an all-hands-on-deck need to address Sarbanes-Oxley (SOX) compliance requirements. Today, chief audit executives (CAEs), management committees and audit committees are taking action to allocate resources more evenly between compliance audits and operational audits. According [...]
When it comes to decision making on enterprise IT investments, the sandbox is getting crowded. Corporate IT departments have a direct impact on nearly every part of an organization and contribute to the overall financial stability of a company. With this in mind, it has become imperative that an organization’s CIO and the audit committee maintain a strong relationship – one that is collaborative, communicative and proactive. Unfortunately, this is often easier said then done.
Grant Thornton’s Warren Stippich discusses the best ways to ensure a strong, collaborative relationship between the CIO and audit committee.
In recent years, corporate audit committees have been playing a much larger role with regard to internal audit. The reason is twofold — to help ensure objectivity and to foster independence of the internal auditor.
Grant Thornton’s Warren Stippich explains why the chief audit executive must be willing to go head-to-head with management if the need arises and provides tips for fostering a positive relationship with both the audit committee and senior management.
Corporate Compliance Insights is proud to introduce two new columnists: Jim DeLoach of Protiviti and Warren Stippich of Grant Thornton. Jim will be sharing knowledge about enterprise risk management, while Warren will share his expertise about internal audit.
More chief audit executives are debating whether to build a global internal audit team. Yet, as with many other corporate decisions, determining whether to add internal audit capabilities overseas is not about deciding one right or wrong course of action, but is a matter of weighing several factors to determine the best approach for your company. Warren Stippich of Grant Thornton provides three common approaches to consider.