Risk management

The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession worldwide.

Even though more companies are implementing enterprise risk management processes, many of them are falling short, according to a new study from the American Institute of CPAs and North Carolina State University.

Companies are leaning more on risk management technology, with 72% planning on increasing their spending on technology to support the detection and management of risks.

Organizations will need to test more frequently for an increasing number of risks to internal controls, according to a recent poll by Deloitte.

The Committee of Sponsoring Organizations of the Treadway Commission released a new paper Wednesday on uniting COSO’s enterprise risk management framework with “agile” practices in internal auditing and other functions.

The risk and compliance software firm announced upgraded capabilities through new features and applications in its RiskCloud platform.

CFOs rank supply chain disruptions, the talent shortage and tax reform as higher risks than COVID-19, according to a recent survey from BDO USA.

Accountants can help manage high expectations by first establishing a strong culture of monitoring.

The to-do list for corporate audit committees keeps expanding, with members taking on new responsibilities in overseeing cybersecurity, ethics and risk management, according to a new poll.

With inflation reaching a 40-year high, consumers are feeling its cascading effects, and internal auditors should probably start keeping tabs on inflation risks as well.