Tag: HIPAA

woman holding board reading "don't panic"

How to Remain Compliant (and Calm) During a Data Breach

Posted by - September 20, 2017
Responding to a Cyberattack Hardly a day passes without a data breach revelation in the news, and perhaps no industry is more vulnerable for future attacks than health care. In 2015, the health care industry experienced more breaches stemming from cyberattacks than any other industry, a recent report by the…
Talent shortage a real risk to internal audit

How to Fix the Internal Audit Talent Gap

Posted by - January 17, 2017
Only 13 percent of Chief Audit Executives (CAEs) believe their firm performs “very well” when sourcing and managing internal audit talent, according to a recent survey by PwC. Using data collected from 1,600+ CAEs, PwC Partner Jason Pett recommends four strategies to help bridge the internal audit talent gap.
Improving audit through coordination

Reducing External Audit Fees by Leveraging IA

Posted by - December 20, 2016
In terms of efficiency, companies achieve the best outcomes when the work of internal and external audit teams is aligned. Justin Gwin makes the case that internal audit can be leveraged, in fact, to reduce external audit fees. Herein he explores just how that can be accomplished and shares how…
AI auditing solutions impact governance, risk management, compliance

Exploring the Upside of Evolving AI Business Solutions

Posted by - October 27, 2016
The demands of an effective GRC infrastructure often run at odds with the need to keep productivity moving forward in a cost-effective manner. This is especially true for back-office procedures like the processing of company expense reports. Today’s emerging artificial intelligence is dramatically improving corporate compliance in a way that…
Tips to reduce waste and fraud in travel and expense management

6 Vulnerabilities in Travel Expense Management

Posted by - October 3, 2016
Monitoring and auditing travel and expense reports is no walk in the park, particularly at large organizations. The experts at Oversight Systems, which examines trillions of dollars of expense transactions annually, has identified some trends and vulnerabilities. Oversight’s Nathanael L’Heureux addresses some of the most common vulnerabilities in T&E management.
Preventing compliance issues with effective audits

Top 3 Supply Chain Audit Challenges

Posted by - September 30, 2016
Maintaining compliance throughout the supply chain is dependent in part on an effective audit practice. It’s critical to ensure suppliers’ operations are in line with international regulations, a necessity that’s becoming increasingly challenging for businesses. Here are some of the chief hurdles companies are facing in ensuring supply chain compliance.
Minimizing risk by assessing culture and governance

The Value of Auditing Corporate Culture

Posted by - September 21, 2016
The profession of internal audit is evolving. Its role within organizations across the globe is expanding to address the changing risks companies are now facing and provide assurance regarding board members’ biggest concerns. This article addresses the importance of paying close attention to corporate culture.
The key to an effective audit program

Effective Audit Programs Consider Objectives First

Posted by - August 8, 2016
Creating an audit and assurance program is relatively simple. Creating an effective audit and assurance program, however, requires a tailored approach that focuses on four key objectives. These programs are faster, more efficient and more effective in mitigating risk. Rosemary Amato explains how to take your program from perfunctory to…
Freight auditing could save your company millions

Freight Invoice Audits: What They Are and Why They Matter

Posted by - July 25, 2016
Pricing in the shipping industry is complex, and businesses are often overcharged unintentionally. Freight invoice auditing saves businesses money, lightens the administrative load for the accounts payable department and gathers valuable business intelligence to help companies make more informed decisions, turning it into a necessity for companies with high-volume shipping.
integrated governance, risk management, and compliance solutions have numerous benefits

Clean House, Better Business

Posted by - June 9, 2016
Sam Abadir, Director of Product Management at LockPath, discusses how a holistic approach to governance, risk management and compliance (GRC) can benefit every aspect of an organization. He details how GRC software solutions enable integration and automation, tying together security and compliance programs on platforms that optimize workflow, provide centralized…