Category Archives for "Audit and Assurance Services"

[ERM UPDATE 2017] – What you need to know about the framework changes to Enterprise Risk Management

“Risk comes from not knowing what you are doing.” -Warren Buffett New ERM Framework In September 2017, the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) published its revised enterprise risk management (“ERM”) framework which is now titled ERM – Integrating with Strategy and Performance. The original framework called ERM – Integrated Framework was […]

6 Reasons Why You Need An Internal Audit Manual

Internal Audit

Every internal audit function has its own internal audit framework which is Internal Audit Charter (the “Charter”). The Charter outlines the organizational status and role of the internal audit function, independence and governance, etc. However the Charter usually provides high level guidance, and therefore, it is also essential to have a robust Internal Audit Manual […]

Cybersecurity 101

Human beings have a natural tendency to remember good times and push to the back of their minds some more difficult issues in life. Basically most of us have a tendency not to focus on things that are not perceived to be likely to happen in the short term and can overlook the inevitability of […]