multiple rows of cardboard boxes on warehouse shelves

The Challenge of Auditing and Monitoring Your Distributors

Posted by - June 14, 2017
Moving Beyond Routine Contract Provisions If companies are to maintain a commitment to risk mitigation, they must keep an eye on (and extend its oversight to) distributors – as well as sub-distributors and sub-sub-distributors. This will mean leveraging distributor relationships and using a variety of tools and strategies to conduct…
Read More
diagram of internal audit on chalkboard

Internal Audit Awareness

Posted by - May 23, 2017
May is Internal Audit Awareness Month. What better time to discuss the challenges that come with preparing for audits and what companies can do to be better prepared? This article highlights trends in IA, insights into how auditors can continue to push their organizations forward and advice on how to…
Read More
man with red tie holding red audit binder

How to Conquer the Compliance Audit

Posted by - April 7, 2017
Ahead of a compliance audit, the goal should be to identify and resolve compliance risks before they become significant problems. Preventive measures save resources by eliminating the cost of noncompliance and damage to reputation, helping to create new business and maintain a competitive advantage.
Read More
hand pointing to caution sign

Key Risk Themes for Internal Audit in 2017

Posted by - February 27, 2017
Audit experts from CEB present the findings of the company’s annual Audit Plan Hot Spots report, which is based on interviews and surveys with more than 150 Chief Audit Executives. This article outlines the major risks CAEs plan to track closely this year – both expected risks and new and…
Read More
colleagues reviewing financial reports

Management’s Annual Report on ICFR

Posted by - February 22, 2017
Many public companies are in the process of preparing their annual 10-K reports for the SEC, and for these firms, it’s critical that management have a full understanding of the disclosure requirements. Ron Kral addresses several of the key challenges and questions organizations may have in conducting an effective ICFR…
Read More
colleagues reviewing financial report

2017 Audit Committee Agenda Considerations, Part 2

Posted by - February 15, 2017
Financial Reporting Issues Last month, Jim DeLoach shared four enterprise, process and technology risk issues for audit committees to consider this year. This month’s column focuses on financial reporting – the heart of the audit committee’s agenda. Read on for six additional issues every audit committee should be discussing.  By:…
Read More
man at desk giving a thumbs up

Staying Audit-Ready as Regulators Make Compliance a Top Priority

Posted by - February 10, 2017
How to Demonstrate a Commitment to Compliance Regulatory authorities for the financial industry will be focused on companies’ risk management and compliance programs this year and for the foreseeable future. That’s reason enough to make risk management and compliance a priority. By: Guy Talarico We’re only a few weeks into…
Read More
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.
Read More
tips for greater GRC success

Focus Points for 2017

Posted by - January 12, 2017
New year, new plan. January is the perfect time to reflect on successes and shortcomings from the previous year and to make a plan for improvement. Candela Solutions’ Ron Kral has compiled a top 10 list of tips leaders can use to set their organizations up for success.
Read More