Audit Board

APRIL 25, 2022

Security refers to the systems and controls, both hardware and software, that protects your company’s assets from getting into the wrong hands, through a breach, leak, or cyber attack. Identity access management (IAM) tools offer strong strategies for ensuring that your network access is secure. . The Three Types of Security Controls.

Compliance 90

Compliance Technology 90

Audit Board

AUGUST 8, 2023

Enterprise risk management is a methodology of risk management, taking a top-down approach to the risk management process, and taking into account the organization and senior management’s business objectives and strategic objectives.

Compliance 52

Compliance Start-ups Technology Marketability 52

ThomsonReuters

JULY 21, 2022

Based on its investigation, OCR determined that the medical center had allowed unauthorized uses and disclosures of PHI and had not implemented adequate security incident response and reporting protocols, conducted an adequate risk analysis or evaluation, adopted adequate audit controls, or provided timely breach notification to individuals or HHS.

Compliance 52

Compliance 52

Audit Board

AUGUST 25, 2022

Digital transformation — largely accelerated by 2020’s shift to remote work models — has altered business operations from a visible set of centrally managed technology assets to a highly distributed, opaque set of digitally-enabled processes, products, and services. IBM reports the average cost of a data breach reached a record high of 4.35

Technology 52

Technology Finance Marketability Compliance 52

Sun Acquisitions

MARCH 10, 2023

On the most basic level, merging with a competitor eliminates competition in the market and allows for greater control over pricing. By acquiring experienced leadership from another firm, one business can strengthen its strategic capabilities and make better decisions in the long run.

Technology 52

Technology Marketability 52

Audit Board

NOVEMBER 8, 2023

To be compliant with PCI means meeting the security requirements and access control measures mandated by the Data Security Standards (DSS) created by the Payment Card Industry Security Standards Council. 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

ThomsonReuters

APRIL 25, 2024

If you withdraw funds from your 401(k) before age 59½, it is your responsibility to manage tax obligations using Form 5329. Strategies like careful withdrawal timing, utilizing Roth conversions, and managing overall income can contribute to savings in retirement. Manage withdrawals strategically. Contribute to a Roth 401(k).

Compliance 52

Compliance 52

ThomsonReuters

JANUARY 24, 2023

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

Accounting Firms 59

Accounting Firms Compliance Marketability 59

Audit Board

AUGUST 16, 2023

Additionally, internal audit should work closely with management and other parts of the organisation to identify and assess risks, as well as develop and implement controls to mitigate those risks. This ensures a more collaborative risk management strategy that fosters greater, organisation-wide risk vigilance.

Compliance 52

Compliance Marketability 52

ThomsonReuters

APRIL 18, 2023

Other factors would only be considered if the two core factors were not helpful in making a worker determination. Charles Hall , a practicing CPA and Certified Fraud Examiner, suggested walking through payroll — from the hiring of an employee all the way through to a payroll payment and posting — to identify any control weaknesses.

Compliance 107

Compliance Technology 107

Audit Board

SEPTEMBER 29, 2023

In today’s data-driven business environment, ineffective cyber risk management can pose a serious threat to achieving strategic business objectives. further emphasizes the need for effective IT risk management to safeguard insurance companies from regulatory fines and reputational harm that can affect strategic business objectives.

Compliance 52

Compliance Technology Finance Marketability 52

ThomsonReuters

JANUARY 30, 2023

Through premier direct tax software, firms can strengthen their role as a trusted advisor by mapping out different scenarios, comparing the tax liabilities for each scenario, and slicing and dicing data to further unlock valuable insights. A key ingredient for successful workflow management is customization.

Start-ups 59

Start-ups Compliance Accounting Firms Technology 59

Reynolds Holding

FEBRUARY 4, 2024

A version of this post appeared on the Oxford Business Law Blog and the ECGI Blog. It also shows how the funds play a corporate governance role in contrast to traditional bank financing. It is based on her recent paper, “Private Credit: The Evolution of Corporate Finance and The Firm,” available here.

Equity 64

Equity Corporate Finance Finance Banking 64

Audit Board

JUNE 27, 2022

And yet how often do we fall into the trap of measuring success by what is easy, familiar, and within our control? Did we help the organisation strengthen controls and achieve its priorities? Helping save money (for example, identifying way to eliminate duplicate payments and unnecessary controls). Management actions.

Technology 52

Technology 52

Audit Board

MAY 2, 2023

By conducting thorough reviews and assessments, internal auditors can identify areas of risk and provide recommendations to strengthen ESG reporting. This not only helps build trust with stakeholders, but also enables companies to better manage ESG risks and opportunities. Understanding of process and responses to risk.

Compliance 52

Compliance Equity 52

ThomsonReuters

APRIL 14, 2022

The report concludes with a summary of security standards and implementation specifications that, based on OCR’s 2020 investigations, need improvement: risk analysis/management; information system activity review; audit controls; security awareness and training; and authentication. Contributing Editors: EBIA Staff.

Compliance 52

Compliance 52

ThomsonReuters

JUNE 15, 2021

You want to be in control. Building your own firm around your passion and purpose can strengthen you during challenging times, including the long hours of tax season. Or maybe you’re interested in helping non-profit firms manage their tax strategy. Another driving force for many small firm owners is autonomy. ” __.

Start-ups 98

Start-ups Technology Accounting Firms 98

ThomsonReuters

OCTOBER 24, 2023

based CFO Consultants, in a blog post. By visualizing tax data in real-time with intuitive dashboards , practitioners can optimize tax planning, mitigate risks, and enhance overall tax management. Fortunately, tax departments are not powerless.

Compliance 52

Compliance Technology Finance 52

ThomsonReuters

JULY 2, 2021

By eliminating billable hours and moving to value pricing, you can strengthen the dynamic of the client relationship and lay out a clear scope of engagement. We hold the keys to the kingdom in a sense that we have a scarcity of knowledge and can control how we price out that scarcity.”. Let’s do this! __.

Start-ups 52

Start-ups Technology Marketability 52

Audit Board

SEPTEMBER 28, 2023

Internal auditors are strengthening collaboration throughout the business to help boards stay ahead of an escalating cyber-risk landscape. That means risks, controls, and mitigations also impact multiple business functions. For example, internal audit asks, “How is management measuring the stickiness of the product?

Marketability 52

Marketability Market Risk Technology 52

Audit Board

APRIL 13, 2023

Facing a constantly expanding risk spectrum, today’s business leaders are prioritizing efforts to improve and connect risk management efforts. Assess PRAC to Better Understand, Prioritize, and Manage Risk Every business looks to achieve better performance, stronger resilience, greater assurance, and more cost-effective compliance.

Compliance 52

Compliance Start-ups Technology Specific Risk 52

ThomsonReuters

MAY 12, 2022

This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. Download our free whitepaper on managing sales and use tax audits. A specialist can negotiate the terms of the audit and manage how much access the auditor has to your business.

Compliance 105

Compliance Technology 105

Audit Board

FEBRUARY 8, 2023

In surveys, at conferences, and in casual conversation, the majority of internal auditors and risk managers will admit the truth: They feel like they don’t know how to do it, or even where to start. A majority also reported consulting with business management (74%) and/or functional management (69%). These are powerful methods.

Start-ups 59

Start-ups Technology Compliance 59

ThomsonReuters

APRIL 15, 2021

Doing so offers firms a way to replace vanishing revenue from declining tax compliance work and an opportunity to strengthen the relationship with clients. Firms will need to meet their client’s business demands for service while still managing seasonal compression challenges. Firms can meet these needs for businesses.

Accounting Firms 96

Accounting Firms Compliance Technology Finance 96

ThomsonReuters

JANUARY 3, 2022

You’re better able to control your cash flows and avoid supply disruptions, which can help optimize working capital. Whether you’re relying on supplier finance programs to manage cash flows. . You should disclose the key terms of the arrangements as identified by management. . Learn more! Visit our estore today and check out?

Finance 98

Finance Compliance Banking 98

ThomsonReuters

APRIL 6, 2021

It also offers an avenue to strengthen your relationship with clients. Firms will need to meet clients’ demands for this scalable service while still managing seasonal compression challenges. This way, you’ll be able to manage resource compression better while providing the trusted advisory services clients need.

Start-ups 64

Start-ups Compliance Technology Finance 64

ThomsonReuters

FEBRUARY 15, 2023

Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. Property tax software Implementing an end-to-end property tax software solution for managing personal and real estate property taxes can help firms better serve clients and strengthen their role as a trusted advisor.

Appraisal 52

Appraisal Intangible Assets Equity Technology 52

Audit Board

DECEMBER 25, 2022

Tackling the ESG Landscape and Implementing Effective Internal Controls — Issues related to the environmental, social, and governance (ESG) landscape are gaining attention. Attendee Feedback: “Presenters were very knowledgeable and helpful in presenting the SOX topic, and establishing and maintaining internal controls. Very helpful!”.

Start-ups 52

Start-ups Technology Equity Compliance 52

Audit Board

MARCH 7, 2023

Supplemental Guidance, including Practice Guides, Global Technology Audit Guides (GTAGs), and Guide to the Assessment of IT General Controls Scope Based on Risk (GAIT). The 15 Principles mostly reflect the original 10 Core Principles with additions especially noticeable in the Managing Domain. There is also a Glossary.

Start-ups 52

Start-ups Technology 52

Audit Board

APRIL 26, 2023

On the heels of several history-making bank collapses in the first quarter of 2023, financial institutions must fortify their internal controls programs to respond to greater scrutiny from federal regulators. Interest rate management. Asset liability management. Bank liquidity requirements.

Compliance 52

Compliance Banking Market Capitalization Technology 52

Audit Board

MAY 15, 2023

By defining, assessing, and analyzing risk with a risk assessment matrix, you’ll cultivate a solid understanding of your risk environment and be able to accurately measure and manage risk before it occurs — saving your company time, money, and resources. The risk assessment matrix is a crucial tool in risk management for three reasons: 1.

Start-ups 98

Start-ups Compliance Technology 98

Audit Board

APRIL 20, 2023

Deloitte’s 2022 Global Third-Party Risk Management Survey showed that 73% of respondents have a moderate to high level of dependence on cloud service providers (CSPs) — which is expected to increase to 88% in the years ahead. However, they may not be specific enough to address every relationship’s specific risk profile or controls needs.

Specific Risk 52

Specific Risk Technology Compliance 52

Audit Board

FEBRUARY 2, 2023

Trend 2: Digital Transformation and Reliance on Third Parties are Accelerating Digital transformation is accelerating at an unprecedented pace, forcing companies to change how they operate and manage a broader risk landscape. Managing compliance programs alongside different, overlapping frameworks with multiple versions is incredibly complex.

Compliance 52

Compliance Technology Marketability 52

Audit Board

DECEMBER 19, 2022

In this episode of FutureRisk, John Wheeler, former Gartner IRM Analyst and AuditBoard’s Senior Advisor, Risk and Technology, sits down with Rachelle Butler, IT Risk Management Leader at Boeing , to discuss how her team approaches the four key risk objectives of performance, resilience, assurance, and compliance, including: .

Compliance 52

Compliance Start-ups Technology 52

FE International

APRIL 13, 2022

Amazon, Google, Microsoft, Oracle and Salesforce have already incorporated AI to strengthen their presence in the SaaS industry. More protection and control over your SaaS means increased opportunities for growth and expansion. By providing enhanced levels of security, customers can feel more comfortable with your SaaS.

Private Equity Firm 52

Private Equity Firm Equity B2C Start-ups 52

ThomsonReuters

NOVEMBER 17, 2022

Growing adoption of Environmental, Social, Governance (ESG) management principles that require companies to manage their supply chains “sustainably” and “responsibly,”, especially in the areas of environmental impact and worker exploitation. The challenge of visibility. Getting started on supply-chain due diligence best practices.

Technology 59

Technology Compliance 59

Audit Board

JUNE 21, 2023

This Texas-based company–with a SaaS platform that helps small business owners manage all their processes, apps, and tasks in a single pane-of-glass solution–services almost half a million customers. There’s really no one else in the company that brings a controls mindset, a risk mindset, and then touches all the facets of the business.

52

52