Audit Archives - Corporate Compliance Insights

Preparing Your Documents to Survive an Audit

Posted by Stacy Leidwinger - January 9, 2019

3 Tips to Help Organizations Come Out on Top “Compliance audit” is one of the last things a financial advisory firm hopes to hear, but it’s an inevitable, unavoidable fact of life for most. Fortunately, there are steps financial advisory firms can take to mitigate the requisite time and work…

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The Secret Reason You’re About to Fail Your IT Audit

Posted by Markku Rossi - January 7, 2019

Turning a Key Vulnerability into a Victory No matter what an organization’s major market is, it is probably subject to regulatory compliance requirements, such as PCI, SOX, FISMA and HIPAA. Failing to comply with any of these requirements could result in a failed audit, which can incur hefty penalties. This…

Best of 2018: Audit and the Rise of Robotic Process Automation

Posted by Malcolm Murray - December 27, 2018

As 2018 draws to a close, we’re taking a look back at some of the most valuable insights our authors have shared. In case you missed it, this is one of the articles our readers couldn’t get enough of this year. Risks Presented in Adopting RPA with co-author Barton…

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RPA: First Steps to Greater Internal Audit Efficiency

Posted by Andrew Struthers-Kennedy - November 16, 2018

Why IA Leaders Should Care About Robotic Process Automation Robotic process automation (RPA) is drawing significant interest from Chief Audit Executives and internal audit leaders seeking to learn more about how to use it from a business improvement standpoint, as well as how to audit RPA in their organizations. Protiviti’s…

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Why 2019 Could Be a Challenging Year for Internal Audit

Posted by Malcolm Murray - November 13, 2018

External Threats Loom Large With 2019 planning on the horizon, audit teams are beginning to consider external factors that threaten to disrupt the success of their organization’s key objectives. Gartner’s Malcolm Murray, Rafael Go and Leslee McKnight analyze 11 key risks, connected by four major risk themes, that can help…

Advance Preparation for an OCR HIPAA Audit

Posted by Shane Whitlatch - October 22, 2018

8 Tips to Implement Now Shane Whitlatch, EVP at FairWarning, outlines the key controls companies should have in place to quickly and confidently respond to an OCR audit should they be selected. The best time to prepare for an audit is before you’re in one. Fortunately, requirements for various regulations…

State of Internal Audit 2018

Posted by Manu Gopeendran - August 13, 2018

Impact and Opportunities MetricStream’s latest survey on the state of internal audit finds auditors focused on delivering timely insights on key risks, aligning audit planning with business strategy and improving audit processes and operational effectiveness. Manu Gopeendran details the survey’s findings. For years, internal auditors have been the eyes and…

4 C’s to Increase the Value of Internal Audit

Posted by Jim DeLoach - July 20, 2018

Ensuring the Effectiveness of a Risk-Based Audit Plan Protiviti’s Jim DeLoach explores how to bolster internal audit’s efforts in providing recommendations that are strong, actionable and in keeping with the board’s expectations. We’ve always believed that boards should ensure that their organizations maximize the full potential of internal audit. There…

90 Percent GDPR-Audit Failure Rates Ahead

Posted by Terry Ray - June 29, 2018

(And That’s OK) The penalties for GDPR violations can be ruinous. But do organizations need to worry? Terry Ray suggests that while compliance is necessary, most companies can rest easy. May 25 has come and gone. The European Union’s General Data Protection Regulation (GDPR) has gone into effect. The first…

Transforming IT Audit in the Digital Era

Posted by Andrew Struthers-Kennedy - June 6, 2018

Robotic Process Automation and Other Key Advances A number of technological advances are emerging that, when implemented by IT audit, will upend the traditional approach to IT auditing. Among the advances: robotic process automation, advanced analytics, and process mining. Protiviti’s Andrew Struthers-Kennedy and Ashley Cuevas explore several changes coming to…

Tips to Achieve Consolidated Audit Trail (CAT) Compliance

Posted by Chris Ekonomidis - April 23, 2018

How to Overcome Technological Roadblocks What a time to work in the GRC field: new technologies are constantly emerging to help companies meet their regulatory obligations. At the same time, many fragmented requirements have piled up over time. Chris Ekonomidis, Head of U.S. Business Consulting at Synechron, discusses the three…

A Global Look at IT Audit Best Practices

Posted by Corporate Compliance Insights - April 11, 2018

Global consulting firm Protiviti and global business technology professional association ISACA have released their annual report, A Global Look at IT Audit Best Practices. Key findings from the survey of more than 1,300 IT audit and internal audit leaders and professionals include: Privacy/cybersecurity was cited as the top concern for the second year in a row…