For many companies, an internal audit may seem more like an inevitable task than a beneficial procedure. However, a well-structured internal audit process can help uncover key insights that can improve company operations. Watch as Heather Barber describes three critical components of an efficient, effective internal audit function.
The Own Risk Solvency Assessment (ORSA) is designed to help insurance companies evaluate their risks and proactively address their capital needs. One tool that businesses can use to meet their ORSA requirements is an internal audit. Watch as Joseph May explains the relationship between ORSA and internal audits – as well as how [...]
Just as a fence is designed to safeguard communities from outsiders, business owners do as much as they can on their own to protect their companies from potential threats or risks. However, there comes a time in the life of any business (particularly, a successful one) in which owners begin to look beyond their “perimeters” [...]
For many, the word “audit” conjures up images of tax auditors camping out in dark offices or reading intimidating letters from the IRS. But, the reality is that an audit — more specifically, an internal audit — can be an incredibly useful tool that business owners and executives can come to love. Typically, internal audits [...]