Collecting and evaluating audit evidence is essential in assessing an organization’s compliance with established standards. The American Institute of Certified Public Accountants (AICPA) serves as a guiding force, setting methods auditors... Read More
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Inherent Risk vs. Control Risk: What’s the Difference?
Inherent risk and control risk are two of the three parts of the audit risk model, which auditors use to determine the overall risk of an audit. Inherent risk is the... Read More
Threat, Vulnerability, and Risk: What’s the Difference?
Threat, vulnerability, and risk – these words often appear side by side in security discussions. But what exactly do they mean, and how do they differ from one another? This... Read More
The Difference Between Strategic and Operational Risk
Modern organizations operate in a highly complex environment. New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or... Read More
Proactive vs. Reactive Risk Management Strategies
In a difficult economic climate, a company’s odds of survival depend on how skillfully it manages risk. A well-rounded risk management strategy can help companies stay in business longer because... Read More