Category Archives: Risk Advisory

Importance of Cyber Security in Current Times

The Covid-19 pandemic has brought about major changes in work culture. It is not just the business pressure caused by the uncertainty, at a fundamental level it has transformed the way we work. The change in the concept from office … Continue reading

Posted in Risk Advisory |

Operational Risk Management in Manufacturing sector

A. What are the type of operational risks faced by the manufacturing sector? Most common operational risks faced by any manufacturing concern includes risks from employee conduct, third parties, data breach, risk of loss resulting from failed or inadequate internal … Continue reading

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Future of Internal Audit

Internal auditing has a long history of successfully pivoting to meet the growing and changing needs of its stakeholders. From its transition to risk-based auditing in the 1990s to its response to regulatory changes in fraud and corruption laws, financial … Continue reading

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Auditing Big Data

The difference between data and information is usually understood. Data is raw, and requires processing. Data can be simple but random and needs organization. When the data is processed, organized, analyzed and converted into information, then it is ready to … Continue reading

Posted in Audit & Assurance, Risk Advisory |

Risk Management for ‘Black Swan’ Events and Business Continuity Plan

Why the term Black Swan is used so often in risk management because the risk managers feel the need to separately call out extreme impact events, regardless of probability and they pose an existential threat to a firm. Black Swan Definition  … Continue reading

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