As part of a financial statement audit, auditors are required to obtain an understanding of a company's internal control system. Internal control is an interconnected web of policies, procedures, ...

Every business, regardless of its size and industry, needs to have a financial controls policy in place. Its role is to provide guidance on the keeping of financial accounts and records, payments, ...

To say there’s been a paradigm shift in business process management is the understatement of the century! Every business owner or manager not only KNOWS that, but has experienced the results of the ...

Public CIOs have a new imperative: optimize systems and processes. What lies behind this emerging trend is a series of mounting challenges. First, CIOs are struggling with the management of government ...

In today’s highly regulated environment for drug development and manufacturing, new challenges have emerged from internal pressures to reduce costs by eliminating waste in the development process, ...

At its core business process management is the administrative activities aimed at (1) defining a process, (2) establishing responsibilities, (3) evaluating process performance and (4) identifying ...

Most of us grew up with a management style that is so firmly embedded in our culture, we're not even aware of it. We just think of it as "management," not as a particular management style -- but it is ...

The regulatory landscape for process industries in the United States became a little more onerous earlier this year. On February 21, 2020, the U.S. Chemical Safety and Hazard Investigation Board (CSB) ...

In process automation, an alarm is defined as an audible and/or visible means of indicating to the operator an equipment malfunction, process deviation, or abnormal condition requiring an operator ...