Why Internal Audits are important for CFOs.

A Chief Financial Officer (CFO) is primarily concerned with an organization’s financial performance, while Internal Audits (IA) focus on risk management, governance, and internal controls. Financial success and risk are perhaps two sides of the same coin, so every CFO...

The IRM approach to Risk Management

Companies that operate in highly regulated sectors such as life sciences, food and manufacturing are legally obliged to manage risk. Since all business activities have an element of risk, it is important for organizations to define all their risk areas, assess the...

5 tips for tracking company’s compliance

There are many compliance risks that companies face these days, and it can be difficult to keep track of all of them. However, with the right tools in place, it can actually be quite easy to track a company’s compliance. In this article, we’ll show you how...

Principles of risk management

Enterprise risk management is a complex and multidimensional process involving not only entire organizations’ operational aspects, A variety of risk management tools and techniques are used to carry out the effective ERM policy and ensure risk awareness across the...

Key features of risk management tools

The recent years have been challenging for business continuity. There is practically no industry that is not beset with difficulties due to disruptions in supply chains, sanitary restrictions, the need to introduce remote work, or, more recently, the economic and...

How to plan internal audits. A summary guide.

Since every company is different, there is no single, right way to run an Internal Audit. But there are common Internal Audit management pitfalls to avoid, such as: Ineffective leadership which leads to unclear documentation, or an ineffective Internal Audit process....