A system of internal controls is a set of policies and procedures that an organization can use to provide reasonable assurance that the organization achieves its objectives and goals. Generally,... Read More
Risk Management
Why Is Cybersecurity Important?
Phishing schemes, ransomware attacks, privacy breaches, and other cyber threats all aim to pilfer the sensitive data stored on your IT systems. These nightmares threaten your business, financial standing, and... Read More
What is Inherent Risk?
All organizations in all industries face a certain amount of inherent risk. Inherent risk is the amount of risk that exists when some threat goes untreated or unaddressed. This also... Read More
What is Integrated Risk Management?
Integrated risk management (IRM) is an approach to managing information technology (IT) and operational risks that encompasses the entire organization and its external suppliers. Gartner defines IRM as "a set... Read More
What are GAAP Internal Controls?
U.S. Generally Accepted Accounting principles (GAAP) are the set of financial reporting standards that businesses in the United States are expected to follow (and that publicly traded companies must follow,... Read More