ThomsonReuters

FEBRUARY 9, 2024

In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. It is important to note that this act is still in the proposal stage and would require further deliberation and potential amendments before becoming law. What does this mean for my firm?

Compliance 110

Compliance Dividends Technology Accounting Firms 110

Audit Board

NOVEMBER 1, 2023

IT risk assessments can be a great way to gain insight into your organization’s IT environment, risks, and controls. When completed in a methodical and well-scoped manner, IT risk assessments can be an extremely valuable tool for many stakeholders across the organization, including enterprise risk, audit, compliance, and security departments.

Compliance 52

Compliance Technology Dividends Start-ups 52

Audit Board

DECEMBER 18, 2022

This article originally appeared on the ISACA Blog. According to Flexera’s 2022 State of the Cloud Report , the need for security is the top cloud-related challenge. In fact, in ten of the eleven past State of the Cloud reports, security was the number one challenge identified by those surveyed.

Compliance 52

Compliance 52

Audit Board

APRIL 25, 2022

If you’ve been wondering where security practices and compliance requirements align and where they diverge, you’re not alone. Security and compliance have synergies, but they aren’t the same, and it can be challenging to tease them apart. What Is Security? Here are some common categories for security tools: .

Compliance 90

Compliance Technology 90

ThomsonReuters

NOVEMBER 4, 2021

OCR Cybersecurity Newsletter: Securing Your Legacy [System Security] (Oct. OCR’s Fall 2021 cybersecurity newsletter addresses the importance of securing legacy computer systems—that is, systems with one or more components that have been supplanted by newer technology and are no longer supported by the manufacturer.

Technology 52

Technology 52

Audit Board

JANUARY 12, 2023

Cybersecurity risk assessments are a means for organizations to assess risks to their information assets and are a core requirement of most cybersecurity frameworks. But this often leaves organizations in a position where there is little certainty about where to start. . What Are the Principles of Cybersecurity Risk Management?

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

JUNE 15, 2023

There’s ISO , the International Organization for Standardization; the AICPA (now AICPA-CIMA), the American Institute of CPAs and the Chartered Institute of Management Accountants; CISA , the Cybersecurity and Infrastructure Security Agency; and NIST , the National Institute of Standards and Technology.

Technology 52

Technology Compliance Start-ups Finance 52

ThomsonReuters

APRIL 25, 2024

Delay Social Security. Guide your clients on when to start receiving Social Security benefits. Consider the overall financial picture to determine the optimal time to start receiving Social Security. Stay informed on changes in tax laws and regulations that may impact retirement income. Convert to a Roth IRA.

Dividends 52

Dividends Start-ups Compliance 52

ThomsonReuters

JANUARY 9, 2024

Advanced technology becomes indispensable in this scenario, as it streamlines data processes, supports intricate tax calculations, and secures comprehensive control. Data informs what tax liabilities exist, where, and when they need to be filed and paid, and underpins modeling and forecasting.

Technology 88

Technology 88

Audit Board

APRIL 1, 2022

When customers provide a company with their credit card information, they trust that their data will be processed, stored, and transmitted securely. During this period, the PCI Security Standards Council recommends that organizations use the time to study v4.0, Trust is at the heart of every credit card transaction.

Compliance 98

Compliance Technology 98

Audit Board

AUGUST 15, 2023

In fact, a risk-based approach positions security compliance professionals to discuss any threat that concerns the board and executives in terms of responses that are already planned and controls already in place. These steps help you familiarize yourself with the organization so you can make an effective assessment of compliance risk.

Compliance 52

Compliance Start-ups Technology Marketability 52

ThomsonReuters

NOVEMBER 23, 2022

October 2022 OCR Cybersecurity Newsletter: HIPAA Security Rule Security Incident Procedures (Oct. OCR has released its latest cybersecurity newsletter on the importance of having policies and procedures to detect and respond to security incidents. Responding to Security Incidents. Available at [link].

Compliance 52

Compliance 52

ThomsonReuters

JUNE 8, 2023

The investigation indicated that the business associate disclosed more than 230,000 individuals’ ePHI, failed to enter into a business associate agreement with a subcontractor, and did not conduct a security risk analysis or implement a management plan to determine and address vulnerabilities of ePHI across the organization.

Compliance 52

Compliance 52

Audit Board

OCTOBER 12, 2023

Many leading organizations have embraced cyber risk quantification to understand the financial impact of a cyber risk event. Still, mixed information and a need for more awareness around the concept have resulted in several myths. You can get somebody to help you based on the maturity of your organization.”

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ThomsonReuters

OCTOBER 6, 2023

That’s because traditional methods of data collection—paper organizers, portals, and file-sharing services—are extremely inefficient. Paper organizers that firms print out and mail to clients are probably the greatest source of workload compression. leaving preparers to wait on key information late into tax season.

Technology 64

Technology Start-ups Accounting Firms 64

Audit Board

NOVEMBER 8, 2023

If your company accepts credit cards or debit cards as payment for goods or services, you need to be compliant with Payment Card Industry Data Security Standards (PCI DSS). Secure network configuration and management is key to CDE segmentation and protection. What Does it Mean to Be PCI Compliant?

Compliance 52

Compliance Start-ups Banking Technology 52

Audit Board

AUGUST 1, 2023

The stakes and expectations of an organization’s IT Risk Management capabilities have never been higher – and as we all know, the dollar impacts are real. IT Risk Management practices can have a significant positive impact on an organization’s information risk posture, with a focus on inventorying, identifying, and prioritizing risks.

Technology 52

Technology Start-ups Compliance Marketability 52

Audit Board

JANUARY 11, 2023

SolarWinds, Log4j, Kaseya: All are security incidents that have been in the headlines over the past several years; all are security incidents that resulted from third-party breaches. The frequency and severity of third-party breaches are on the rise: 90% of organizations were impacted by a supply chain cybersecurity breach in 2022.

Compliance 52

Compliance 52

ThomsonReuters

JUNE 16, 2023

Hard skills Hard skills, which tend to be technical abilities, are those skills that accountants formally learn and fine-tune and master through practical application. In today’s tech-driven environment, it comes as no surprise that up-to-date technology expertise is of utmost importance when it comes to hard skills.

Data Analysis 98

Data Analysis Technology Accounting Firms Firm Value 98

Audit Board

JUNE 22, 2023

Security and privacy are typically regarded as key risks from an internal audit perspective. However, out of the disruption of the pandemic emerged a new understanding of the interwoven nature of privacy, security, and trust.

Technology 52

Technology Compliance 52

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. Further, the Global Minimum Tax (GMT) (GloBE or Organization for Economic Cooperation and Development BEPS 2.0

Technology 96

Technology Compliance Start-ups Finance 96

Audit Board

AUGUST 25, 2022

Yet, existing methods for managing information security are lagging dangerously. . An AuditBoard flash poll of information security professionals in April and May 2022 found traditional InfoSec approaches have become fragmented, labor-intensive, and largely insulated from the business. million in 2022, a 12.7%

Technology 52

Technology Finance Marketability Compliance 52

Audit Board

JANUARY 4, 2023

As attacks grow in frequency and severity, organizations cannot take a “business as usual” approach to IT risk. “The Producing an IT risk profile aligned with the overall ERM program that informs the risk management action plan. IT Risk Assessment Key Benefits . IT Risk Assessment Best Practices.

Compliance 98

Compliance Technology 98

Audit Board

FEBRUARY 7, 2023

The rise in third-party and environmental, social, and governance (ESG) risks impacts all areas of the business — including information security teams. Richard Marcus: Risk quantification is important because we see risk velocity increasing. It’s also starting to creep into the security and privacy world.

Start-ups 52

Start-ups Compliance Technology 52

Audit Board

SEPTEMBER 14, 2023

The importance of robust vendor risk management, or “VRM”, practices has been illustrated by a number of cyberattacks and data breaches that have originated from vendors and gone on to significantly impact the organizations using their services. What is Vendor Risk?

Compliance 52

Compliance Start-ups Accounting Firms Technology 52

Audit Board

APRIL 20, 2022

The expansion of the SaaS business model has led to a proliferation of System and Organization Control (SOC) 2 reports to meet the needs of businesses requiring detailed information regarding their IT vendors’ controls related to security, availability, confidentiality, processing integrity, and privacy. While the Security (a.k.a

Compliance 98

Compliance 98

ThomsonReuters

FEBRUARY 1, 2024

GAAP rules for outstanding checks Staying up to date with GAAP standards Accurately tracking and presenting financial information can be complex, even for smaller organizations. Such legislation as the Securities Act of 1933 and the Securities Exchange Act of 1934 marked the establishment of the GAAP rules. securities law.

Start-ups 52

Start-ups Finance Marketability 52

Audit Board

APRIL 27, 2022

Digital risk has become one of the fastest-growing, most pervasive risks in any organization. To get a sense of how digital risk is managed, AuditBoard recently conducted a Digital Risk Maturity Survey that asked over 125 risk leaders how their organizations undertake risk management in this area.

Technology 105

Technology Compliance 105

ThomsonReuters

JUNE 9, 2023

In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. How do you ensure audit compliance?

Compliance 98

Compliance Technology 98

Sun Acquisitions

MARCH 20, 2024

Advanced software can identify potential risks and opportunities more accurately, helping M&A professionals make more informed decisions. Advanced software can identify potential risks and opportunities more accurately, helping M&A professionals make more informed decisions.

Technology 59

Technology Compliance Marketability 59

ThomsonReuters

MAY 27, 2022

Businesses participating in import and export trading may find themselves swirling in a storm of global regulatory changes. Importers need to be aware of the regulations in the Uyghur Forced Labor Prevention Act , which was signed into law in December 2021. Let’s talk about forced labor in your supply chain.

Compliance 93

Compliance eCommerce Start-ups Technology 93

Audit Board

JULY 26, 2023

We live in the era of technological transformation, where business-owned digital assets brim with an abundance of sensitive employee, customer, and vendor data, while a formidable burden rests upon the shoulders of the information security teams tasked with safeguarding these assets through robust and resilient IT risk management programs.

Start-ups 52

Start-ups Technology 52

ThomsonReuters

DECEMBER 21, 2021

From a struggling labor market to information security concerns, to clients with mounting expectations, there’s a lot to plan for. The importance of strategic planning . Strategic planning is one of the most important activities a firm can perform. Digital transformation and information security .

Accounting Firms 52

Accounting Firms Finance Marketability 52

Audit Board

AUGUST 23, 2023

Securities and Exchange Commission’s (SEC’s) final cybersecurity disclosure requirements for public companies taking effect in September 2023, it’s about to get real. The SEC cybersecurity rules will have a significant impact on your organization and role. The risk is widespread and likely underreported.

Compliance 52

Compliance Technology Start-ups 52

ThomsonReuters

JULY 6, 2023

API-powered provisioning processes can be more accurate, secure, and efficient than traditional manual methods. Scalability: In organizations with multiple entities or subsidiaries, consolidating tax provision data can be a challenge. However, corporate tax teams find it difficult to automate this process.

Compliance 92

Compliance 92

Audit Board

AUGUST 15, 2022

Security breaches, new contracts, and changes in internal risk ownership — to name a few examples — can all impact the performance of a third-party risk management program (TPRM). To effectively execute a continuous risk monitoring program, it is necessary to have a solid foundation of TPRM guiding principles and organizing best practices.

Compliance 52

Compliance 52

RNC

NOVEMBER 2, 2023

In this blog, we’ll examine the nuances of valuing assets in intricate transactions and talk about the crucial processes to arrive at an accurate company valuation. In this blog, we’ll examine the nuances of valuing assets in intricate transactions and talk about the crucial processes to arrive at an accurate company valuation.

Intangible Assets 52

Intangible Assets Fair Market Value Appraisal Mergers & Acquisitions 52