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Insights and news for GRC & ESG
The Unsung Value of Internal Audits: More than Just Checking Boxes
It’s a common misconception: people believe internal audits are about ticking off items on a list, a mere bureaucratic exercise. This couldn’t be further from the truth. The reality is that internal audits play a
Transforming Aerospace and Defense Audit Management for Enhanced Business Value
Over the past two decades, the audit process within aerospace and defense industry has been undergoing a monumental shift. Traditionally rooted in process-based methods, the audit landscape is now veering towards a more sophisticated risk-based
Understanding Aviation Risk Management: A Deep Dive with Key Examples
Risk management in the aviation sector is crucial for ensuring the safety of flight operations, passengers, and staff. Given the high stakes involved, it’s essential for aviation professionals to understand and implement rigorous risk management
Integrating Operational and Supplier Risk Management in Aviation and Defense through Holistic GRC Software Solutions
In aviation, aerospace, and defense, risk management becomes paramount, not just due to the financial implications of unforeseen challenges but also due to the very nature of these sectors which involve human lives and national
The Growing Role of Behavioral Science in Risk Management
Behavioral science, a multi-disciplinary field focused on the study of human behavior, has recently garnered significant attention in the business arena. Notably, professionals in risk management have identified its potential in addressing and mitigating various
The Rise of Smart Devices in Risk Management: Opportunities, Challenges, and Real-world Examples
In today’s technologically advanced era, the ubiquity of smart devices, often referred to as the Internet of Things (IoT), is reshaping the landscape of risk management. These devices, brimming with sensors, communication protocols, and computing
Risky Business: The Rise of Cognitive Technologies
Risk management, a field long dominated by human intuition and experience, is undergoing a transformation. Recent advancements in cognitive technologies, artificial intelligence (AI), and data analytics have revolutionized how risks are detected, predicted, and prevented,
Understanding Audit Leaders’ Concerns: Challenges in Navigating Evolving Audit Areas
In the ever-changing landscape of business risk and operational complexity, audit leaders find themselves at a pivotal juncture. Their responsibilities are no longer limited to the traditional financial and compliance areas but have expanded to
Unmasking the Dark Side of Finance: ESMA’s Battle Against Greenwashing
In a world increasingly conscious of its environmental, social, and governance (ESG) responsibilities, the European Securities and Markets Authority (ESMA) has taken a pivotal step towards ensuring that these principles are not just buzzwords but
Mastering Risk and Compliance Management for Neobanks: Key Strategies for Effective Fraud Prevention
The dynamic landscape of neobanking presents unique challenges when it comes to risk and compliance management. As neobanks continue to gain prominence, the need for robust risk mitigation strategies and compliance adherence becomes even more
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