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Year: 2024

Can technology bridge the gaps of the Risk-Based Auditing?

Reference to my post before days entitled `Is Risk-Based Auditing risky` i.e., to cover the entirety of the audit universe. This post aims to re-examine the limitations of risk-based auditing, highlighting the areas left untouched and proposing a technological shift to bridge these gaps. Risk-Based Auditing: The Limitations Unveiled Risk-based…
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Does Digital Twins model promote sustainable business practices?

In the era of technological evolution, businesses are harnessing the potential of Digital Twins to revolutionize their operations and contribute to sustainable practices. Digital Twins, virtual replicas of physical entities or systems, are increasingly finding applications in various sectors, playing a pivotal role in achieving sustainability goals. This post delves…
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GRC, ESG, XYZ or simply sustainable business?

In the ever-evolving landscape of corporate responsibility, the business world finds itself immersed in an alphabet soup of acronyms – GRC, ESG, XYZ – all aiming to achieve stronger governance for sustainable business practices. While the intentions are noble, the proliferation of these acronyms has sparked a debate on their…
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Shall we embrace or resist automation?

Automation and artificial intelligence (AI) are transforming industries and reshaping the employment landscape. Rather than fearing the rise of automation, individuals can proactively position themselves for success by being part of the automation wave. Here’s a guide on how to future-proof your career in the age of automation. – Understand…
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Is Risk-Based Auditing risky?

Risk-based auditing has become a cornerstone in the audit profession, offering a targeted and strategic approach to identify and assess potential risks. However, like any methodology, it is not without its own set of risks. In this post, we will explore the potential challenges and drawbacks associated with risk-based auditing,…
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Interconnection between Cybersecurity, Third-Party Risk, and SCM

In an era dominated by digital interconnectivity, businesses face an intricate web of challenges, with cybersecurity, third-party risk, and supply chain management emerging as crucial focal points. The interdependence of these elements has become increasingly evident, demanding a comprehensive approach to safeguarding organizations against an evolving landscape of threats. 1.…
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Any guidelines for the EU’s Corporate Sustainability

1- Introduction   Recognize the changing landscape as the EU’s CSDDD provisional agreement was reached in December 2023, signaling the end of companies neglecting their supply chain impacts. 2-Adoption and Implementation Timeline   Understand that once adopted, member states have two years to incorporate CSDDD into national law, likely starting…
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Is Africa the most sustainable continent?

In recent years, Africa has been making strides in the realm of environmental sustainability, with several countries emerging as leaders on the global stage. The Environmental Practices Index, as established by the Yale Center for Environmental Law & Policy, sheds light on the commendable efforts made by African nations to…
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How to calculate your Carbon Footprint?

Understanding and reducing your carbon footprint is crucial in the effort to combat climate change. Your carbon footprint represents the total amount of greenhouse gases, primarily carbon dioxide, that are directly or indirectly associated with your activities. Calculating your individual carbon footprint allows you to identify areas where you can…
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How to assess the GRC Maturity of your company?

Here a scenario GRC Maturity Assessment Report for ZD Company   Introduction ZD Company, committed to excellence, has conducted a comprehensive GRC Maturity Assessment aligned with the OCEG Maturity Model. This model, encompassing the five capability levels – ad hoc, repeatable, defined, managed, and optimized, provides a structured approach to…
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