Reflections on IT Risk and Audit

Posted on Nov 22, 2013

All the studies show an increasing pace of change in and around technology. It’s not only that we run the back office with enterprise software, but it is invading both the front office and the products and services offered by organizations around the world.

continue reading...

UK Issues Proposed Guidance on Risk Management, Internal Control, and Going Concern

Posted on Nov 16, 2013

The U.K.’s Financial Reporting Council (FRC) is responsible for the nation’s corporate governance code as well as its standards for accounting and auditing. When they speak, we should all listen.

continue reading...

Using COSO Updated Internal Controls Framework in a Top-Down, Risk-Based Sarbanes-Oxley Program

Posted on Nov 7, 2013

Over the years, organizations and their auditors have moved to a top-down and risk-based program for Sarbanes-Oxley. Not only is this the most efficient and effective way, but it must be used by the external auditors (PCAOB’s Auditing Standard Number 5) and management is advised to use it by the SEC (their Interpretive Guidance). 

continue reading...

Board Members Who Should Be Fired

Posted on Nov 4, 2013

Over the years, I have worked with and for a great many board members. Most of the directors were diligent, committed to their responsibilities, and a pleasure to work with. Others fell short. 

continue reading...