Introduction The main objective behind implementation of a compliance program is to keep a record of whether the organizations act responsibly and comply with the laws and regulations. Thus, creating effective compliance programs for a better business culture is important. How to create effective and agile compliance programs in order to make the business culture
Introduction The 15th Global Risk Report released in January 2020 by World Economic Forum shows some of the top risks that would impact the world in 2020 and ahead. The report highlights the top risks that organizations might face in 2020. It also throws a light on key issues like the environment, global economy, healthcare, technological
As corporations are going digital, cybersecurity has become one of the biggest concerns for the board members. A recent survey conducted by Accenture involving 4644 organizations leading in cybersecurity practices, found that the basic cybersecurity of the organizations has improved. But, with the ever-evolving technology, the attackers have started shifting their targets to weaker spots
What is CCPA? The California Consumer Privacy Act addresses the personal information data and privacy rights for the residents of the California state. The much-debated California Consumer Privacy Act (CCPA) has officially come into action from January 1, 2020. The CCPA will have wide-reaching implications for many companies. Under CCPA, any California resident can take
Types of risks & their impact on organizations A recent global survey of top-level executives across industries was conducted by Protiviti. This survey highlighted the influence of economy, talent, digitization & work culture on the types of risks an organization can face in 2020. The survey was conducted globally on 1063 board members and C-level
Introduction Change is ever-lasting. An organization has to be agile & should keep on revisiting its governance strategies & the way it operates for long-term sustainability. The organizations who had foreseen the ESG risks & implemented the risk mitigation strategies a few years back, have seen positive growth & are reaping its benefits today. The
Introduction With changing times and with the introduction of technologies like Artificial Intelligence (AI) and Machine Learning (ML), the ways in which audits are conducted (internal or external) have changed drastically. Robotic Process Automation (RPA) has also found its place again in the workflows within the organizations. Various tasks, or rather the entire processes &
Introduction Agile means responsive, fast and efficient. With all the technological innovations happening at a rapid pace and disrupting various industries, it becomes inevitable for the organizations to adapt to such changes and operating methodologies. Organizations are now using Agile methodology instead of the traditional waterfall method. Organizations are building quality systems that meet any
Introduction The auditing process helps ensure the accuracy and reliability of the gathered data and organize it in a systematic manner. Audits can be internal and external across various industries & sectors. With the introduction of Artificial Intelligence (AI) & Machine Learning (ML), the scenario has changed completely. AI has been a game-changer and disrupted
Introduction Gone are those days when Risk Assessment was carried out traditionally. With the advent of technology, the types of risk and the ways in which risk is mitigated have drastically changed. Organizations across industries have realized the importance of improving Risk assessment methods to improve the security of their business processes. Data is the