Introduction ESG risks are not new, neither is corporate governance. The term ESG was first coined in 2005 in a study titled “Who Cares Wins”. Did you know that since 2018, ESG investments are estimated at over $20 trillion in AUM or putting it in another way, they amount to almost a quarter of all
Introduction As Clive Humby truly stated, “Data is the new Oil” for all the companies in the 21st Century. He was true in stating that because, data has indeed become one of the biggest resources today and, for organizations with tremendous data banks, it is a humongous task to protect their data from being stolen,
The introduction of technology is transforming businesses all across the globe, which is, therefore, creating an impact on auditing and accounting processes in measuring the performance of the organizations. Audit teams need to integrate technology with their auditing skills to remain effective and efficient in today’s business environment. The improvements in financial and audit technologies
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 globally connected business environment businesses are using Cloud based applications to store their data. But have you ever given a thought how secured that data is? Recent past reveals that data breaches or cyber attacks have cost businesses millions of dollars. Today here in this blog, we will discuss What is Cloud Security?
California Consumer Privacy Act (CCPA), passed in June 2018 will affect majority of the businesses when comes into effect on January 1, 2020. The law dictates that the consumers of California have the right to access any or all the personal data being held by a company and can request the company to get it
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
The Wall Street Journal published a comprehensive article on 5th September 2019 regarding; U.S. PG&E’s Long Record of Run-Ins With Regulators, outlining PG&E long history of breaking the law with impunity. The Wall Street Journal identified repeated instances over 25 years in which PG&E misled regulatory authorities, withheld required information, didn’t follow through on promised
In today’s digital era, Internal Audit Functions worldwide are adopting new technologies and methodologies to bring value to their organizations. Organizations are innovating their Internal Audit processes to future proof themselves, by embracing change and disruption and understand how best to apply new approaches and technologies. Organizations are adopting advanced analytics, artificial intelligence, applying agile
Dynamic risk assessment is a proactive method of risk management. In the ever-changing and disruptive business environment traditional risk assessment models which are mostly based on the impact and the likelihood. fail to recognize the interconnection among the risks and more effective risk mitigation actions. DRA enables organizations to have a deep understanding of the