We look at the need for data breach incident response procedures to ensure that incidents can be effectively managed, how to respond to incidents and what internal audit can do.
Identify third parties who may have access to your organisation's data and reduce the impact of risks in this area.
So what should internal audit be doing to help organisations nearly six months on from the implementation of GDPR?
How to audit financial risks, such as credit management and the availability of cash, which are high priorities for most organisations.
Understand accounts payable and the risks to look for when auditing this area.
Understand accounts receivable and the risks to look for when auditing this area.
Understand the accounting principles behind accruals and prepayments. This will help you plan your internal audit of the finance function.
Understand how bank reconciliation works. This will help you plan your internal audit of the finance function.
Travel and expenses is an area where the damage to reputation can have a high impact.
How internal auditors can support their organisation's efforts to prevent, detect and investigate fraud.
