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

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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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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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