Cybersecurity Risk Becoming a Fixture in Internal Audit Plans

INDUSTRY

Cyber security has been increasingly included in internal audit plans. When establishing and maintaining an effective cyber security plan, there are two critical success factors – a high level of engagement from the board of directors in identifying risk, including the evaluation of cyber risk in the current audit plan. There are 5 recommended priorities…

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Big data analytics to replace audit tests

INDUSTRY

Big data analytics will soon be available to smaller audit firms, reducing the time spent on audit tests. Audit software capabilities are starting to take big data concepts into an audit market, even in a small company, and change the role of the audit department. Read the full article here

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Conformance to the Standards

INDUSTRY

Organisations that have an EQA performed are given recommendations to improve efficiency and internal audit practice. For organisations that had the EQA performed, overall they conformed to standards, However, there are non-conformance trends in specific standards. Read the top 10 here.

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The top 10 ways to avoid a tax audit

INDUSTRY

It’s the time of year for tax returns, but are you following these ten steps to reduce the likelihood of facing an audit? Being meticulous and thorough can pay dividends when delivering tax statements to the government. Read the full article here.

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Benefits of data analytics in audit

INDUSTRY

Enhancing audit quality continues to be of paramount importance for KPMG. Using data analytics for audit can include benefits such as providing better coverage and assurance, enabling risk focused audits and better understand clients. Find out more here.

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B2B CEOs increasingly turning to data analytics

INDUSTRY

The way businesses absorb information has changed, and companies are compensating for this by increasing the number of employees in the data analytics field. There is a shift away from published content and towards paid search and data products in the B2B space. B2B companies are expected to up their spending on data analytics in…

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Possible Changes Afoot to Internal Auditing Standards

INDUSTRY

As the pressures within a business’ environment change and evolve, internal audit’s standards are altered to reflect such changes. Currently, the IIA are reviewing changing three different areas of the current standards. These include: Enhancing communication standards; Addressing new roles that internal audit are taking on within assurance and consulting; Aligning standards with those in…

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