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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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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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Cybersecurity Maturity Assessment Report for ZD Company.

Date: February 27, 2024 Executive Summary: The cybersecurity maturity assessment for ZD reveals a current standing at the 2.5 level, based on the NIST Cybersecurity Framework. This assessment indicates a moderate state of cybersecurity practices within the organization, with a foundation established but notable room for improvement. 1. Identify (2.0):…
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How can generative AI help organisations?

Automated Document Analysis:   – Generative AI facilitates automated analysis of extensive regulatory documents.   – Extracts relevant information efficiently, minimizing the risk of oversight or misinterpretation. Dynamic Compliance Monitoring:   – Adapts in real-time to continuously monitor regulatory updates.   – Provides insights for proactive compliance strategies. Natural Language…
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Does Micro-Credentialing motivate Lifelong Learning.

Micro-Credentials: A Lifelong Learning Solution Rapidly evolving education and professional development landscape Bite-sized certifications validating specific skills and knowledge Quick acquisition of skills for continuous learning Flexibility for Individualized Learning Choose from a wide range of subjects and skills Tailor education to meet unique career goals Ideal for busy individuals…
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How a Supply Chain Risk Management report looks like?

Executive Summary In an era of dynamic global markets and evolving uncertainties, effective supply chain risk management is imperative. This report aims to provide a comprehensive overview of potential risks, strategies to mitigate them, and key actions to enhance the resilience of our supply chain. Key Findings 1. Global Disruptions:…
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Considering the World Governments Summit 2024

In the next 10 to 20 years, generative AI emerges as a global transformative force. Governments and organizations face the imperative of addressing key aspects: regulation, ethical design, and broader emerging trends. Regulation takes center stage, ensuring that the deployment of generative AI aligns with ethical standards and legal frameworks.…
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How can Machine Learning assess risk?

Objective – Analyze transactions in a general data table, categorizing anomalies into low, medium, and high risk. – Dataset includes various transactions within the timeframe (DD/MM/YYYY to DD/MM/YYYY). – Apply both supervised and unsupervised machine learning (ML) commands using ACL Analytics. Scope – General data table encompasses all transactions. –…
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