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
Environmental shifts, unfair labor practices, corruption, and other sustainability issues have been increasing at an exponential rate and have become a major cause of concern for the organizations along with the financial targets. As organizations dive deeper into their sustainability and ESG issues they come to know that how much more they have to work
In the recent past we have seen discussions around Environmental, Social and Governance investment, it is not a new phenomenon, but has risen exponentially in the last five-six years. Including ESG factors in investment strategy is directly related to the financial performance and business sustainability of an organization. The investors and leaders in addition to
In today’s business environment, with a huge amount of financial data being available with the auditors, days of traditional methods can’t serve the business needs. The auditors need to understand more about the client’s business needs. With Data Analytics, auditors can have a deeper understanding of the amount of data available and can highlight high-risk
The General Data Protection Regulation (GDPR) harmonizes knowledge protection laws within the EU that are fit for purpose in the digital age. It is a game-changing privacy law set out on May 25th, 2018. GDPR imposes new rules on firms, government agencies, non-profits, and other organizations that offer goods and services to people in the
In today’s globally connected business environment enterprises are dealing with vast amounts of unstructured data that is being compounded by the increasing number of ways to share this data. Due to this reason mainly both the employers and employees are failing to either understand or care about their responsibilities when it comes to data protection
In today’s globally connected business environment and the amount of data of that is being shared across the organizations, cybersecurity has become one of the major issues that need to be addressed. With new emerging technologies like Cloud Computing, Internet of Things organizations have become more vulnerable to cyber-attacks. With Cyber attacks becoming more and
In today’s evolving business and risk landscape, the board’s need to continuously improve their risk oversight practices and implement an effective and efficient risk oversight function. Board’s need to evaluate which risks are to be on the top of the board agenda and which one is to be delegated to the management team. The Board’s