Audit & Governance Careers Advice - November 2022
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Posted on Wednesday, November 16, 2022 by CareersinAudit.com — No comments
Auditors inspect financial records to ensure legal compliance. It’s an important role because this work also helps organisations to become more efficient and protect against fraud. To become an auditor, you need to be able to build strong relationships and networks, pay close attention to detail, apply critical thinking skills, and be able to work well under pressure. The usual study route ...
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Posted on Wednesday, November 16, 2022 by CareersinAudit.com — No comments
Thanks to the rise of smartphones and the Internet, data is more abundant than ever. This information is changing the way we live and work and has become hugely important in business. In 2017, The Economist Magazine went as far as declaring that “the world’s most valuable resource is no longer oil, but data”, and over the past few years organisations have scrambled to use data more effectively as ...
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Posted on Wednesday, November 16, 2022 by CareersinAudit.com — No comments
Risk management models are designed to help organisations identify, analyse, and mitigate risks so they’re prepared to deal with them should they occur. But how can risk professionals be sure the models have substance? Consider their staying power. Longevity is a scarce attribute in the dynamic world of business – especially when it comes to risk. The risk landscape is constantly evolving and ...
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Posted on Friday, November 4, 2022 by CareersinAudit.com — No comments
No matter the extent of a financial institution’s ESG ambitions – whether it be aiming merely to achieve minimum compliance or, more ambitiously, to championing ESG as a key element of its customer, employee and wider stakeholder commitments – the business and operational impacts are far-reaching. New ESG roles and responsibilities are appearing in a wide range of areas: product and service ...
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Posted on Friday, November 4, 2022 by CareersinAudit.com — No comments
If you were to rank order different professions by the importance of stakeholder management to them, Risk Management would be close to the top of the list. Why? Because individuals are behind every risk a business faces – whether that be a product management team bringing products to market, an underwriting team making lending decisions or an operations team handling inbound and outbound company ...
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Posted on Thursday, November 3, 2022 by CareersinAudit.com — No comments
Is corporate governance the same as compliance? The simple answer is no – but they are closely linked. Both disciplines form a third of an integrated set of processes and procedures that enable a business to reliably achieve objectives, address uncertainty and act with integrity: governance, risk management, and compliance (GRC). Empowered by this integrated approach to GRC – rather than viewing ...
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Posted on Thursday, November 3, 2022 by Carol McLachlan for CareersinAudit.com — No comments
I spend a considerable amount of my day to day working life around accountants and auditors, and, as a veteran and intrepid reporter for CareersinAudit.com , I often ask, ’What’s new in Audit?’, slanting my question towards the careers’ end of the professional spectrum. Readers of these pages might not be surprised at my latest topic, but I have to say, for all my thirty plus years in audit, I ...
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Posted on Wednesday, November 2, 2022 by CareersinAudit.com — No comments
Organisations face many different types of risk, that without proper identification and contingency planning, can seriously impact their performance, which is why risk management is so important. By anticipating problems that could be coming down the line, organisations are better placed to navigate uncertainty and remain on track to achieve their goals and objectives. The types of risk that ...
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Posted on Wednesday, November 2, 2022 by CareersinAudit.com — No comments
It’s fair to say that one of the characteristics of most professional occupations in the 21st century is that there is no such thing as a “typical” day. This is no less true in the world of data science . Nonetheless, different types of organisations can have very different expectations of their data scientists which, to some extent, you can anticipate. The essence of data science is to analyse ...