Audit Board

JUNE 1, 2023

In this article, I share lessons that I and my team of 12 auditors learned on our journey in assisting our institution into better IT risk management. Based on my experiences, the following are some tips for using a framework to guide your IT risk management program. Pick a robust IT framework and perform a control self-assessment.

Compliance 52

Compliance Start-ups Technology 52

ThomsonReuters

SEPTEMBER 26, 2023

As she explained in a May 2022 article in the Journal of Accountancy , “Auditing will be increasingly conducted remotely, and more strategic discussions and activities will happen with clients in person, outside of the audit cycle.” ” Remote auditing should not be mistaken for remote auditors.

Technology 98

Technology Compliance 98

ThomsonReuters

JUNE 28, 2023

To do this, auditors must leverage technology and data analytics to innovate and sustain their edge over the competition. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.

Data Analysis 98

Data Analysis Technology Start-ups Compliance 98

Audit Board

AUGUST 15, 2023

Your board and investors are thinking about risk — it drives their decisions. Risk management frameworks can only specify controls and objectives, but it’s risk itself that should drive the development of controls and objectives. If not, your budget may indicate how much risk the business is willing to assume.

Compliance 52

Compliance Start-ups Technology Marketability 52

IBG Business

AUGUST 21, 2023

In everyday terms, in the negotiations for the purchase of a business, the buyer’s half of the dialogue might go something like this: “OK, Mr. Seller, you think your business is worth $50 million. For example, if the business has customer concentration issues, an earnout can help protect the buyer by tying sales price to client retention.

EBITDA 52

EBITDA 52

Audit Board

JANUARY 4, 2023

Passing separate privacy laws is creating compliance issues for companies based or doing business in these states. Figuring out how to comply with the laws requires such businesses to understand each state’s privacy laws and design a privacy and cybersecurity program to maintain compliance with the various state privacy laws at the same time.

Compliance 52

Compliance B2B 52

Audit Board

MAY 18, 2023

Understanding the scope of the changes and how they affect an organization is critical to preparing for this migration, and this article pulls together critical information to help you with understanding what’s new and establishing PCI programs , including: A Timeline for PCI DSS v4.0 Compensating controls may not be used with it.

Compliance 52

Compliance Start-ups Banking Technology 52

Audit Board

MAY 2, 2023

Instead, they’re asking: How can we be smarter about taking on risk? How does our risk appetite compare with the value of the business activities we’re looking to engage in? How can we use risk management to drive the business forward? risks, controls, policies, issues, frameworks) into one system of record.

Compliance 52

Compliance Technology Specific Risk 52

Audit Board

MAY 17, 2023

Because using blockchain results in automation of some processes, it has the potential to circumvent manual controls already in place. Efforts should include developing verification and authentication controls and procedures, as well as establishing clear ownership and transfer records.

Compliance 59

Compliance Technology 59

Internal Audit 360

SEPTEMBER 2, 2021

There are other major issues with the guidance, but rather than get into the detail of what is wrong with it or omitted, I will share some alternative guidance of my own, included in the following ten points: 1 Don’t audit access management (or anything else) just because the “authorities” say you should. 2 Where’s the risk?

Technology 52

Technology 52

Audit Board

JUNE 6, 2023

One example of a current advancement is moving to a more quantifiable risk assessment approach through developing solutions that provide real-time monitoring of risks and control metrics across multiple areas within the organization.

Compliance 52

Compliance 52

Audit Board

OCTOBER 4, 2022

This article originally appeared on the ISACA blog. . With vulnerabilities at a record high, how can your organization keep pace with innovation while also improving its approach to vulnerability management? Four Common Vulnerabilities to Address to Reduce Your Risk. Patch management. Use of unauthorized software.

Compliance 52

Compliance 52

Harvard Corporate Governance

OCTOBER 28, 2022

Further, the Commission proposed a new article to Regulation S-X requiring certain climate-related financial statement metrics and related disclosure to be included in the notes to the financial statements. While seemingly simple, environmental, social, and governance factors encompass a multitude of sub-issues.

Banking 199

Banking Enterprise Value Marketability Compliance 199

Internal Audit 360

JULY 20, 2023

Insight can help you to understand the root cause of a problem, identify your options, and make a decision that is right for you.” Maybe they don’t know how to address challenges by management, because they don’t have sufficient evidence to prove they are right. He appreciated the insight and worked to address it.

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Audit Board

MAY 3, 2023

The good news about internal controls is that everyone in a company is responsible for them. The bad news about a company’s internal controls is the same — everyone is responsible for them. Promoting a strong internal control environment should be part of every organization’s culture! What Are Internal Controls ?

Compliance 52

Compliance Technology Start-ups 52

Audit Board

SEPTEMBER 20, 2023

How can we approach reporting differently, by focusing on something that puts the spotlight on action? In this piece, we will share how you can master a surprising writing trick that makes reports clear, credible, and compelling — shifting from passive to active voice. Controls haven’t been performed, but improvements will be made.

Start-ups 59

Start-ups Compliance 59

Audit Board

AUGUST 31, 2023

With the rise of each new question or headline about environmental, social, and governance (ESG) risks and regulatory requirements, your organization expects you to have answers. Applicability Which ESG regulations apply to your organization? They look at you like you’re an expert, but you don’t always feel like one.

Compliance 52

Compliance Start-ups Technology Banking 52

Audit Board

NOVEMBER 20, 2022

Today, there are over 600 competing ESG reporting standards and frameworks, data providers, and ratings and rankings, according to a recent article published by the Harvard Law School Forum on Corporate Governance. The SEC issued its proposal in March 2022 , self-assigning an October finalization deadline that has come and gone.

Corporate Finance 52

Corporate Finance Compliance Banking Finance 52

Audit Board

JUNE 8, 2023

In this article, we will introduce you to the basics of compliance audits , break down various types, and give some firsthand advice on what to expect and how to successfully navigate a compliance audit. During a compliance audit, businesses should expect to go through interviews about internal controls.

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Audit Board

MAY 2, 2023

In this article, we will explore the role of internal audit in ESG reporting,and why it is so important for companies to get it right. Yet, for organizations seeking to address ESG, it is not simply a matter of voluntary reporting and disclosure, but also of ensuring those reports are accurate and trustworthy.

Compliance 52

Compliance Equity 52

Viking Mergers

APRIL 24, 2023

Getting a valuation is the first look at the business from a financial standpoint, and it allows your M&A advisor to understand the business’s financial operations. Knowing the value of the business equips us to help create your exit strategy. The good news is that this issue is fixable with time.

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Marketability Business Valuation Comps Compliance 244

Viking Mergers

MAY 19, 2022

Risks to the Seller include: Earnout payments depend on the performance of the company after closing; but after closing, the Seller no longer has control over operations or the Buyer’s stewardship of the business. A description of how certain intervening events might impact the earnout (or not). Related Articles.

Finance 130

Finance Banking 130

ThomsonReuters

NOVEMBER 8, 2022

The weekly ESG Toolkit article published in Accounting & Compliance Alert (ACA) rounds up environmental, social and governance (ESG)-related Checkpoint updates across practice areas. Tired of wondering whether your clawback policy would pass muster in the eyes of the SEC? SEC Final Rulemaking Release No.

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Corporate Finance Finance Compliance Marketability 59

Equilest

FEBRUARY 10, 2024

In this article, we'll explore the crucial role that Certified Public Accountants (CPAs) play in facilitating successful business sales. This transparency not only builds trust with potential buyers but also streamlines the due diligence process, reducing the likelihood of unexpected issues arising later in the transaction.

Business Valuation 40

Business Valuation Fair Market Value Marketability Asset-based Approach 40

Audit Board

SEPTEMBER 22, 2022

In March 2022, ISSB issued its exposure drafts (the “General Requirements Standard” and the “Climate Standard” ) and the SEC issued its proposal for “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” How will the US SEC climate-related disclosure rules align with the ISSB standards?

Enterprise Value 69

Enterprise Value Technology Marketability Compliance 69

ThomsonReuters

NOVEMBER 16, 2023

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter.

Compliance 59

Compliance Technology Finance Marketability 59

M&A Leadership Council

FEBRUARY 13, 2024

Before Launching Your Next Integration Take a Good Look by Mark Herndon, Chairman Emeritus, M&A Leadership Council It’s not a trick question: “How do you know you're ready to launch integration planning?” Our answer? Not until you’ve done THIS – created a comprehensive Integration Strategy Framework (ISF).

Mergers & Acquisitions 59

Mergers & Acquisitions Technology Marketability 59

Internal Audit 360

OCTOBER 11, 2022

We might not have been experts in running HR, but we were experts in processes, risks, and controls. Our main issue was the need for upgraded policies and procedures, both to provide discipline over the trading and to ensure appropriate accounting. She thought it was easy, as her company has many processes to address the risk and need.

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Compliance Marketability 98

Audit Board

AUGUST 16, 2023

But, with risks proliferating and the many types of risks that face businesses today, how can an organization establish and optimize its risk management processes? This article will walk you through the fundamentals of risk management and offer some thoughts on how you can apply it to your organization. What Are Risks?

Start-ups 52

Start-ups Compliance Technology Specific Risk 52

Reynolds Holding

FEBRUARY 6, 2023

In this article, we provide background on these developments and identify five steps that directors may want to consider as they develop risk governance frameworks. For example, in 2020, the Delaware Court of Chancery addressed both prongs of Caremark in the Teamsters v. 8] However, in 2019, with Marchand v.

Compliance 58

Compliance Technology 58

Equidam

NOVEMBER 21, 2022

Over this time, we saw many recurring themes on valuation, how to set it, how to prepare for it, and how to discuss it. In this article, we want to share as much as possible of those learnings. Below we’ll explore: how a cohesive story will help drive your fundraising efforts.

Start-ups 57

Start-ups Marketability Alpha Finance 57

Audit Board

DECEMBER 25, 2022

With increasing demands placed on internal auditors to keep up with the pace of change, finding a source of information you can trust with your limited time is critical. In these presentations, the speakers described practical ways of applying agile audit principles and how audit teams can plan their transition to an agile way of working.

Start-ups 52

Start-ups Technology Equity Compliance 52

Audit Board

JUNE 15, 2023

This article will discuss NIST in detail, focusing on the NIST Cybersecurity Framework , or NIST CSF. Each has a set of directives and guidance on how to achieve the goals of that function. NIST’s 800-53 and 800-171 publications expound on that guidance and explain how to implement the specific controls that map back to the CSF.

Technology 52

Technology Compliance Start-ups Finance 52

ThomsonReuters

APRIL 18, 2023

This has given rise to new growth opportunities for firms, but that’s not to say that accounting issues don’t remain in their daily workflows. What are the current issues in accounting? Some of the issues vary by firm — depending on the size of the firm, the resources a firm currently has in place, etc. —

Technology 52

Technology Compliance Start-ups Finance 52

Scott Mashuda

FEBRUARY 14, 2023

The law provides broad exemptions and guidance following a significant effort to codify regulatory relief addressed by the no-action letter issued by SEC staff in January of 2014 and later adopted as a NASAA model rule in 2015. M&A Brokers Defined in H.R. 935 appeared first on REAG.

Mergers & Acquisitions 98

Mergers & Acquisitions Finance EBITDA Marketability 98

Audit Board

AUGUST 8, 2023

ERM integrates traditional risk management strategies, internal controls best practices, and otherwise siloed risk activities, giving stakeholders a deeper view of the company’s risk profile. Read on to learn about the essentials of enterprise risk management , and how to implement ERM processes at your organization.

Compliance 52

Compliance Start-ups Technology Marketability 52

M&A Leadership Council

JUNE 8, 2023

Before Launching Your Next Integration Take a Good Look by Mark Herndon, Chairman Emeritus, M&A Leadership Council It’s not a trick question: “How do you know you're ready to launch integration planning?” Our answer? Not until you’ve done THIS – created a comprehensive Integration Strategy Framework (ISF).

Technology 59

Technology Marketability 59