Learn lessons on adaptive working, shifting to global views on risk, and creating opportunities to innovate current risk mitigation practices.
Understand how internal audit is adapting to the demands of today and the unknowns of tomorrow – includes lessons on aligning internal audit to business objectives, smarter use of technology, and building connections with people.
While you have settled into a temporary state of normal during the pandemic ─ adjusting to disrupted risk evaluations, revising mitigation plans, and embracing new forms of communication ─ you still need to plan how to adjust for the future normal in risk management. Read our five predictions on the future of risk management.
Five predictions on the future of audit activities. Will they hold true? Following each prediction is a series of actions the internal audit function can take to evolve and become a more strategic leader in the business.
So, what exactly is ITSM, you ask? The strict definition is something along the lines of this: “All the activities involved in designing, creating, delivering, supporting and managing the lifecycle of IT services.” A huge part of ITSM is Incident Management, or IM for short (yay, acronyms!).
The GRC software market has several different sections, ranging from full-fledged integrated GRC platforms to specific point solutions, and each of these can help a company deal with many different problems or tasks. The joining point of all of these different products is that they help answer the questions that the caveman asked eons ago: “How best to manage risk?” and “How best to integrate these risk management solutions into a productive business model while maintaining corporate integrity at the highest regulatory levels (direct translations from cavemen are rarely this coherent)?”
When it comes to putting together a GRC platform—or using any of Onspring’s other solutions—It doesn’t matter what kind of cooking personality you have. If you use our professional services team to lean on or you do it yourself, the results will be good. Anyone can do it—it’s just like when you’re cooking; you need the confidence to go into your kitchen and say, “I might burn this cake or destroy this pie, but I also might make something really good. If I fail, it won’t be for long.”
I am what you might call a late bloomer. It took a while, but I finally feel like I’m coming into my own with this whole “being a professional” thing. I share this because in my early days as an internal auditor I didn’t really grasp the concept of why we were doing what we did, let alone how we were helping drive a risk-focused culture in our organization.
Onspring recently conducted a survey, reaching out to audit professionals to find out about future trends in the internal audit field. Putting together tangible questions that deliver concrete results on current practices in internal audit and risks that may impact the field in the future was our target, and that was accomplished.
A lot of times when we start showing a client our out-of-the-box audit solution, we’ll be told, “Oh, that’s pretty close to what we already do.” We’ll have to tweak a couple of fields, but what Onspring starts with initially is usually all that a lot of clients will need. We take a lot of pride in the fact that we’ve added and shaped our audit solution to meet most of the needs presented to us by customers.
Much like my fishing trip, you should begin defining your requirements and planning early on, maybe even wade around in research materials for a few months before beginning the purchasing process itself. It is of paramount importance to ask yourself the tough questions that will help shape and define your scope—questions around your budget, specific needs, timeline and workflow requirements tend to work best.
One of the prerequisites to acquiring a GRC platform should be like a lot of other major items that are bought; when you are looking to make a major purchase or acquisition, consult many people in a lot of different areas. Ask your friends or colleagues, read reviews, do extra research, and as strange as this seems, even see what the trolls of the internet have to offer.