How Do CSA Programs Miss the Mark Even with Extensive Resources?
How Do CSA Programs Miss the Mark Even with Extensive Resources? Despite investing millions of dollars and years of effort, some organizations find their Control Self-Assessment (CSA) programs ineffective and disconnected. From my experience in leading Business, Risk, and Internal Audit (IA) functions, I’ve observed several reasons why some organizations struggle to create effective and […]
Good Practices to Create an Outcome-Driven ERM
Good Practices to Create an Outcome-Driven ERM The need for effective Enterprise Risk Management (ERM) can never be overstated. This requires a comprehensive approach to ERM that extends beyond traditional boundaries. In this blog, we highlight the new-age principles, practices, and rigor that actually work in designing an award-winning ERM strategy. Drawing from my experience, I […]
AI-Enabled Deepfakes: Were We Caught Off Guard?
AI-Enabled Deepfakes: Were We Caught Off Guard? AI is taking over the world at an unexpected speed. Leaping from text and image generation, AI has reached a point where it can perfectly clone voices, faces, gestures, and actions to the extent that they look exactly real. As fascinating as these deepfakes are, they are equally […]
Why Do Internal Auditors Overlook Cyber Maturity Assessments (CMA)?
Why Do Internal Auditors Overlook Cyber Maturity Assessments (CMA)? It could be surprising when internal auditors do not perform or review Cyber Maturity Assessments (CMA). CMA is a method to ascertain the maturity of business unit’s security program across policy, process, deployment, and capabilities/technologies. NIST, which is a widely used framework added Govern as a […]
Trade Spend Management: A Critical Focus for Internal Auditors
Trade Spend Management: A Critical Focus for Internal Auditors Over the years, Reckitt Benckiser has built great brands and launched disruptive innovations. The recent news on understatement of trade spends may look small to its global revenues but potentially large to the markets in question. Without speculating on this case, I would like to share my […]
Integrating Food Safety into ERM for Strategic Advantage
Integrating Food Safety into ERM for Strategic Advantage In today’s globalized food industry, food safety isn’t just a regulatory requirement, it’s a strategic differentiator. Integrating food safety into the overall ERM framework enables organizations to go beyond compliance and unlock value. Adapting to Some Emerging Regulatory Trends Globally 1. Singapore The Singapore Food Agency (SFA) prioritizes risk-based inspections and enforcement […]
Tailoring Data Privacy Strategies for Asian Markets
Recent years have seen a surge in fines imposed on companies for data breaches and non-compliance with privacy laws, totaling nearly $4.4 billion. It’s a stark reminder that all three lines (especially IA & ERM), should step up their understanding of personal data privacy-
Enhancing Corporate Governance with Inno-Go: A Game-Changer for Investors
Enhancing Corporate Governance with Inno-Go: A Game-Changer for Investors Corporate governance acts as a filter-shield by setting the framework within which a corporation operates ethically. Investors and stakeholders demand transparency, accountability, and efficiency from the companies they support. In response, InnoWave360 has developed the Inno-Go platform, a tool designed to transform corporate governance practices. What […]
The Role of AI in Modern Business Operations
The Role of AI in Modern Business Operations In an era dominated by rapid technological advancement, artificial intelligence (AI) has emerged as a cornerstone of innovation in business operations. At InnoWave360, we harness the transformative power of AI to not only streamline processes but also to unlock new opportunities for growth and efficiency. Here’s how […]
Navigating Global Market Entry: Strategies for Success
Navigating Global Market Entry: Strategies for Success Navigating Global Market Entry: Strategies for Success Entering new markets is more than a business decision—it’s a strategic initiative that, when done correctly, can open a plethora of growth opportunities. However, the path to successful market entry is fraught with challenges that require meticulous planning, deep understanding of […]