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ComplianceOctober 02, 2024
The benefits of using a risk assessment matrix in internal audit
By:TeamMate
Delve into the advantages of using a risk assessment matrix in internal audit, from enhanced risk prioritization to efficient resource allocation and informed decision-making.
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ArticleComplianceOctober 01, 2021Changing the internal audit function – Organise to deliver through developing a culture of continuous internal audit improvementBy:Jonathan ChapmanThis series of articles has consistently argued that internal audit functions that deliver the highest value and help protect their organisations from damaging control failures are those that continue to innovate and adapt how they work.
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ArticleComplianceFinanceTax & AccountingAugust 31, 2021Changing the internal audit function – Align all activity to the strategic outcomesBy:Jonathan ChapmanDefining the specific internal audit initiatives on which you should target your finite change time, effort, and budget.
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ArticleComplianceFinanceTax & AccountingAugust 23, 2021Why iterative agile audit delivery is a game changerBy:Mark WilliamsDelivering an audit that has the potential to be many months of work in small iterations, one- or two-week timeboxes or sprints, is a game-changer for many audit departments. Here’s why.
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ArticleComplianceFinanceTax & AccountingAugust 16, 2021Changing the internal audit function - Developing functional outcomesBy:Jonathan ChapmanIn order to successfully target your finite resources on changes that will really turn the performance dial and move you closer to achieving your Internal Audit Purpose, you need to develop clear functional outcomes.
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ArticleComplianceFinanceTax & AccountingJuly 26, 2021Agile audit framework: A guide for internal audit teamsUsing an agile audit framework can benefit internal audit teams that want to be able to adapt audit plans based on current risks and business priorities.
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ArticleComplianceFinanceTax & AccountingJuly 26, 2021Changing the internal audit function - Developing your internal audit purposeBy:Jonathan ChapmanHow to be successful in making changes to your internal audit function and through this change how you go about auditing the business.
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ArticleComplianceJuly 26, 2021How to make internal audit presentation topics land more effectivelyBy:TeamMateTo improve management’s and the board audit committee’s receptiveness to internal audit presentation topics, aim for clarity and efficiency with audit reports.
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ArticleComplianceFinanceTax & AccountingJuly 26, 2021Analytics: So how do I get started?By:Ken PetersenFive points to consider if you are just starting or considering where to focus next with a robust analytics program
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ArticleComplianceJune 09, 2021Become more agile with TeamMate+By:Sio NaidooAgile audit methodology allows internal audit teams to increase efficiency, improve focus, foster greater collaboration, promote meaningful communication, and become more responsive to the needs of management and the board.
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ArticleComplianceMay 20, 202110 steps to solving market problems in an internal audit processBy:Colleen KnuffI recently spoke with an auditor who was lamenting about his organization hiring a team of consultants to evaluate how well a business unit was addressing internal audit process changes needed to better solve a set of client problems.
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ArticleComplianceFinanceTax & AccountingApril 08, 2021Leading for agility: Key behaviors of an agile-minded internal audit leaderBy:Mark WilliamsBeing more agile-minded will help you capitalize on the collective skill and capabilities of your department – and help you become a better leader.
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ArticleComplianceFinanceTax & AccountingMarch 23, 2021Want audit analytics on every audit?By:Ken PetersenYou are not alone. Eighty-eight percent of audit teams are either in the process or plan to make analytics a part of every audit, according to TeamMate Audit Benchmark.
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ArticleComplianceMarch 09, 2021Is my RCM mature enough?By:TeamMateAs an auditor, there are specific steps I can take to increase production year-over-year, but with the help of TeamMate, becoming more efficient is made easier.
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ArticleComplianceFinanceTax & AccountingFebruary 18, 2021Being agile in internal audit: 5 top tips to get startedBy:Mark WilliamsBeing agile is to be adaptive, responsive, and nimble. It’s often said that being agile is the difference between being a huge super-tanker and a small speedboat when it comes to changing direction or course correction.
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ArticleComplianceFinanceTax & AccountingFebruary 02, 2021How TeamMate can help teams with data-driven auditsBy:Stefan DavisThe choice of which tool to use can sometimes be bewildering, but TeamMate Audit Benchmark found that the Audit teams with the most penetration of data analytics are those that are leveraging multiple different tools.
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ArticleComplianceJanuary 19, 2021How TeamMate+ can help teams with dynamic risk assessmentBy:Jonathan PizarroThe pandemic has impacted every industry, every region, and nearly every profession. Safety regulations and requirements implemented by governments worldwide, and organizations’ desire to protect their staff, suppliers, distributors, and customers.
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ArticleComplianceDecember 10, 2020How is data analytics used in auditing?By:Ken PetersenThe term Data Analytics is a generic term that means the analysis of data. Hence the term gets used within the world of auditing in many ways.
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ArticleComplianceFinanceTax & AccountingDecember 03, 2020Key success factors for your data analytics programBy:Ken PetersenData analytics are about one thing—extracting actionable intelligence and valuable insights from data to provide stakeholders with a deeper understanding of their business. By capitalizing on the wealth of data organizations have available, Internal Audit can provide greater assurance across the three lines of defense and position themselves as a trusted partner.
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ArticleComplianceFinanceTax & AccountingNovember 30, 2020Data literacy in internal auditBy:Colleen KnuffData literacy is the ability to read, understand, create and communicate data as information.
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ArticleComplianceFinanceTax & AccountingNovember 06, 20203 things audit teams can do today to adopt a data-driven analytics approachBy:Stefan Davis“Where there is data smoke, there is business fire” warned Thomas C. Redman in his book Data Driven yet only half of audit teams are performing data analytics on every audit, according to Wolters Kluwer’s TeamMate Audit Benchmark
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ArticleTax & AccountingComplianceFinanceOctober 27, 2020Data APIs: An approach for internal auditorsBy:Colleen KnuffAlmost all global organizations utilize digital tools and strategies to make data-driven decisions.
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ArticleComplianceFinanceTax & AccountingOctober 14, 2020Moving to continuous risk assessment is a change worth makingBy:Jonathan PizarroMany organizations around the world reject even the thought of changing the status quo or getting out of their established routines, moving to continuous risk assessment is a change worth making.
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ArticleComplianceFinanceTax & AccountingAugust 10, 20205 critical success factors when implementing an audit management systemBy:Phil Pierre-AntoineSo, you have selected your Audit Management solution and now it is time to implement. What’s next?
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ArticleComplianceJuly 22, 2020How to get the best ROI from your audit management softwareBy:TeamMateSoftware developers take advantage of product usage information to enhance performance and make quick software changes to maximize utilization. These capabilities aren’t limited to just software developers, though.
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ArticleTax & AccountingFinanceComplianceJune 11, 2020Addressing the talent gapBy:TeamMateAudit teams, both large and small, often cite talent shortage as the primary deterrent when filling open positions. Every candidate has a unique set of skills, and unfortunately, we may have pass up a person with a great resume if we are trying to hire to fill a specific need in our department.
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ArticleTax & AccountingFinanceComplianceMay 29, 2020Mindful communication for remote auditingBy:TeamMateCommunication skills are always ranked among the most important skills for auditors, and working remotely really puts our communication skills to the test.
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ArticleTax & AccountingFinanceComplianceFebruary 13, 2020What's a data-driven audit?By:Ken PetersenDoesn’t it seem that the term “data-driven” is getting tossed around quite a bit these days? You’re probably even seeing and hearing the term “data-driven audits”. So, what does “data-driven audit” mean?
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ArticleComplianceOctober 08, 2019How OKRs will help internal audit evolveBy:Colleen KnuffAre we setting the right goals within internal audit? Will the achievement of these goals help us evolve in an age where the pace of change is staggering?
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ArticleTax & AccountingFinanceComplianceUpdatedFebruary 20, 2020Is your audit department “highly effective”?By:TeamMateToday's fast-paced and evolving business environment requires an internal audit to consider its capabilities and needs to ensure appropriate strategic planning.
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ArticleTax & AccountingFinanceComplianceUpdatedFebruary 20, 2020Top 3 areas for improving your audit departmentBy:TeamMateIn the past eight years, I have worked with more than 500 audit departments. Most of the people I talk to every day are looking for a solution to their unique requirements.
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ArticleComplianceJanuary 16, 2019Top 7 analytics tests for T&E expensesBy:TeamMateAll expense policies have their own nuances, but there are some simple tests that we should include in every T&E audit analytics program.
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ArticleComplianceAugust 17, 2018The 7 habits of highly ineffective auditorsBy:TeamMateIn most audit departments, some individuals are great examples of what not to do. Let's look at some bad habits in audit and how to avoid them.
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ArticleComplianceUpdatedOctober 05, 2023Why auditors clash with managementBy:TeamMateWe can plot people on a continuum based on their understanding of risk versus their willingness to accept risk. Learn how internal audit can work better with management.
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ArticleComplianceUpdatedSeptember 28, 2021The value of assurance mappingBy:TeamMateIn the end, the risk coverage map serves as both a responsibility chart as well as a way to demonstrate to management which risks are getting the most attention by all aspects of the organization.