Daily Archives: July 6, 2017

Financial Statement Audits – IT Lessons Learned | Part II: Risk Management

This article is co-authored by Natasha Barnes.

Vulnerable to IT risks? Often companies wait until an attack or incident happens to make important changes to their IT environment. After months in the field during audit season, Aronson has compiled tips to help companies proactively manage IT risks.

Develop risk management policies and procedures. A risk management policy sets an organization’s risk management approach and identifies the roles involved with executing activities. The policy is typically supported by procedures for setting a risk appetite, identifying areas of risk, and mitigating or managing the risks. The procedures are vital to ensuring relevant risk identification mediums are in use to comprehensively …read more

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