risk assessment

The Power of Flowcharting

The Power of Flowcharting

It’s a safe assumption that most U.S. executives associate flowchart documentation with Sarbanes-Oxley Act (SOX) compliance efforts. Flowcharting—with supporting narrative detail—is likely the most efficient tool in a top-down, risk-based review of internal controls (financial and IT). However, management should…

Beyond the Numbers

Beyond the Numbers

Addressing organizational risk should encompass more than financial and compliance risk. Many companies focus on financial audit and SOX—and not much else. The reason:  The penalty for not addressing these areas is clear and easily quantified in dollars. But other…