Hindsight is a wonderful thing. With it anyone can appear to have insight into the complexities of markets, of trends that have emerged and of issues that have shaped the world. The much more rewarding and difficult task is seeing the warning signs and acting on them before the trouble strikes.
Misconduct continues to plague organisations around the globe in both the private and public sectors. We all read about incidents
Given the numerous data breaches and the revelation of the Heartbleed Bug over the course of the last few months, I want to revisit a topic we discussed back in February: information security risk. In today's all-digital world, information security is a risk that threatens firms of all sizes.
Do your managers routinely self-report control issues or do they still have the 'let's wait and see if the audit team finds
If poor employee behaviour is the most frequent root cause of misconduct, what can audit do to remediate the problem?
As businesses seek new avenues for growth, creative uses of information are central to their strategies, and increasingly a source of competitive advantage. So much so that companies are now using the lexicon of "information management" as opposed to "technology management."
The accelerating pace of business change and intensifying regulatory scrutiny are the key macro-trends that will continue to affect companies over the next 12 to 24 months. These Hot Spots provide a solid framework for addressing the key risk areas that could have significant consequences for businesses' performance.
As the New Year begins and businesses start implementing their plans for growth, being able to identify new trends in emerging risk areas that threaten to derail enterprise performance over the next 12 months is imperative.
Make no mistake: this is a major change and will shake up the cozy relationships some audit firms may have with their clients. Even this change is more significant than what was expected (I would have predicted 9-12 years). The Competition Commission is serious.
To retrain and re-evaluate all Atos assessors, as the DWP has required Atos to do, is a big task. To train new assessors in a different company, as the DWP has also said will occur as the DWP is procuring additional providers, is also a big task.