Audit Board

JUNE 22, 2023

Depending on your business’s size, industry, and compliance needs, it will be subject to third-party audits. Businesses will typically choose to undergo a third-party audit with the goal of achieving or maintaining a security certification, such as SOC 2 (I and II), ISO, or PCI DSS.

Compliance 52

Compliance 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

AUGUST 15, 2022

Third-party risks change as the business changes. 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). The following are the most commonly used tools for assessing third-party risk: .

Compliance 52

Compliance 52

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). As with all things compliance, the Payment Card Industry (PCI) likes its acronyms. What Does it Mean to Be PCI Compliant?

Compliance 52

Compliance Start-ups Banking Technology 52

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? How do you know when your accounting technology is outdated? Does your current software lack the ability to automatically download and install subsequent releases and updates? Does your technology lack scalability?

Technology 98

Technology Start-ups Accounting Firms Compliance 98

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. It includes: A process flow for building and manage a cybersecurity risk management program. . What Are the Principles of Cybersecurity Risk Management?

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

JULY 20, 2023

Compliance automation is often beneficial for organizations that deal with sensitive data, and it has several benefits that impact security, cost savings, and reporting. As a result, compliance automation is an ideal starting point for implementing automation at your company.

Compliance 52

Compliance Technology 52

ThomsonReuters

MARCH 19, 2024

As open-source generative AI platforms (like ChatGPT) gain momentum, there are concerns around accuracy, security, and privacy — especially when it comes to handling clients’ sensitive tax information. But what exactly are the risks?

Accounting Firms 52

Accounting Firms Compliance Technology 52

Audit Board

JUNE 15, 2023

In the field of cybersecurity, risk management, and compliance, there are a collection of acronyms that you’ll hear often enough. Each of these organizations plays a role in the shifting tectonics of security, compliance, and risk.

Technology 52

Technology Compliance Start-ups Finance 52

Audit Board

SEPTEMBER 7, 2023

Who owns environmental, social, and governance (ESG) in your organization? What does “good” ESG governance and strategy look like, and how are companies integrating it with existing risk and compliance governance structures? Who should own it? Every company wants to know how other companies are handling ESG.

Compliance 52

Compliance Start-ups Specific Risk Marketability 52

Audit Board

MARCH 22, 2023

Enterprise risk encompasses regulations, finance, operations, technology, reputation, strategy, and many more — and losing control over any one of these risk areas could mean disaster. Lately, with the increased focus on strong governance requirements, there is more scrutiny over risk management programs.

Compliance 52

Compliance Treasury Technology Finance 52

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

Audit Board

SEPTEMBER 9, 2022

Vendor vulnerabilities continue to plague many industries and teams are struggling to manage the associated risk volatility. A strong third-party risk management (TPRM) program can help alleviate the impact of related risks. The importance of understanding your third-party ecosystem — it’s larger than you might think. .

Start-ups 52

Start-ups Compliance Banking 52

Internal Audit 360

OCTOBER 11, 2022

GUEST BLOG. We might not have been experts in running HR, but we were experts in processes, risks, and controls. This was a significant source of risk to the company, and I knew that none of the current staff had the necessary experience or training to audit the related processes. I was able to get her to give us a chance.

Compliance 98

Compliance Marketability 98

Audit Board

JUNE 13, 2022

Integrated risk management (IRM) is a strategic and collaborative way for organizations to manage risk across their entire group. This strategy accepts risk as a part of doing business, and pulls it into a company’s culture so that the organization manages risk as a part of both daily operations and long-term strategy.

Compliance 52

Compliance Technology Start-ups Marketability 52

Audit Board

MARCH 1, 2023

As businesses begin their SOX planning, adopting a risk-first approach to SOX can help teams drive efficiency throughout their testing year. One of the best places to begin implementing this is during the SOX risk assessment. Refresh risk and control mappings to reflect the current control environment.

Compliance 52

Compliance 52

Audit Board

AUGUST 23, 2023

Every company should feel urgency about maturing cybersecurity risk management. 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 risk is widespread and likely underreported. You’re right.

Compliance 52

Compliance Technology Start-ups 52

Audit Board

FEBRUARY 13, 2023

A successful transition to agile auditing aids in overcoming these challenges and prepares the audit function for the rapidly evolving risk landscape of the future. An agile audit approach can help overcome common challenges for financial services audit teams.

Start-ups 52

Start-ups Technology Banking Compliance 52

Audit Board

AUGUST 10, 2023

ESG disclosures have taken the spotlight in recent years as part of a trend of increased scrutiny around risk, compliance, and cybersecurity. The SEC’s announcement suggested that these reporting processes take a risk management-based approach. What Are ESG Metrics?

Compliance 52

Compliance Start-ups Data Analysis Equity 52

Internal Audit 360

OCTOBER 11, 2022

GUEST BLOG. We might not have been experts in running HR, but we were experts in processes, risks, and controls. This was a significant source of risk to the company, and I knew that none of the current staff had the necessary experience or training to audit the related processes. I was able to get her to give us a chance.

Compliance 52

Compliance Marketability 52

Audit Board

OCTOBER 12, 2022

The fundamental question is: Are companies treating security and risk appropriately, and are they good corporate stewards of the data that they use or store on behalf of their customers? A major risk that comes up frequently in my discussions with InfoSec leaders is the lack of proper cybersecurity qualifications on many boards.

Compliance 52

Compliance Start-ups 52

Audit Board

MAY 18, 2023

based technology companies that also have operations in the EU and the U.S. There has been a wave of data privacy legislation passed over the last decade, with various laws being passed in the European Union and across the states in the United States. The European Commission is expected to release its adequacy decision in Spring 2023.

Compliance 52

Compliance Start-ups Technology 52

Audit Board

MAY 15, 2023

based technology companies that also have operations in the EU and the U.S. Update: The Irish Data Protection Commission has ruled that the SCCs do not provide sufficient protection for the transfer of EU personal data to the US. The European Commission is expected to release its adequacy decision in Spring 2023. data flows. The EU and U.S.

Compliance 52

Compliance Start-ups Technology 52

Audit Board

SEPTEMBER 6, 2023

Many organizations now leverage the NIST CSF and its control guidance as a baseline for their information security programs and for safeguarding sensitive information. How can security controls feed into and supplement risk management activities that are taking place, like risk assessments?

Compliance 52

Compliance Start-ups Technology 52

Audit Board

MAY 6, 2022

The SEC has come out with a wide range of proposed rules covering topics such as climate risk disclosures, SPACs, and now cybersecurity disclosures. Pulling off this monumental task requires an integrated approach to pull everything together quickly and accurately — and the time to start preparing is now. .

Compliance 97

Compliance Start-ups Technology 97

Audit Board

JUNE 8, 2023

Compliance audits are a broad topic that can affect many organizations across different parts of an organization. There can be different kinds of compliance audits being performed at any given point in time, and at first glance the world of compliance is full of opacity and acronyms. What Is a Compliance Audit?

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Audit Board

MAY 18, 2023

In March 2022, The Payment Card Industry Data Security Standard (PCI DSS) v4.0 Now the PCI Security Council has set March 31, 2024 as the deadline to retire PCI DSS v3.2.1 Considerations When Selecting the Customized Approach v.s. Directed Approach 7 Steps for a Successful Transition to PCI DSS v4.0 represent this work.

Compliance 52

Compliance Start-ups Banking Technology 52

Audit Board

MAY 2, 2023

Staying ahead of risk in today’s uncertain risk climate requires business leaders to rethink their approach to risk management. Most CEOs are ready to take a more strategic view on risk that moves beyond heat maps and simple questions of compliance.

Compliance 52

Compliance Technology Specific Risk 52

Audit Board

AUGUST 17, 2023

Considerations When Planning Your Audit At the beginning of the implementation, there were several key decisions we had to make to set the stage for our involvement. If you are unsure which route to take, refer to the figure below where we outlined the possible approaches our internal audit team evaluated.

Start-ups 52

Start-ups Technology Compliance 52

Audit Board

SEPTEMBER 16, 2022

Third-party risk management (TPRM) has become a major concern for business leaders. There is an increased reliance on products and services offered by third-party vendors, which in turn expands the surface for security incidents, data breaches, and other risk exposure caused by those vendors.

Compliance 52

Compliance Technology 52

Audit Board

MAY 3, 2023

Each member of an organization plays a critical role in ensuring a strong internal control environment to protect company assets, ensure completeness and accuracy of records, comply with laws and regulations, drive operational efficiency, and ultimately help the business meet its objectives and goals by managing risks effectively.

Compliance 52

Compliance Technology Start-ups 52

Audit Board

JUNE 1, 2023

Organizations today are facing increased compliance pressures in a complex regulatory environment that continues to expand. As an organization’s security footprint increases, many teams struggle to manage the risks that increase along with it. Defining and prioritizing the tasks required to manage security enterprise-wide.

Compliance 52

Compliance Start-ups Technology 52

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. Third-party risk is real and growing.

Specific Risk 52

Specific Risk Technology Compliance 52

Audit Board

MARCH 31, 2022

Controls management is the way in which a company approaches their day-to-day business activities and protocols in order to reduce organizational risk, increase business resilience, and meet organizational goals. What Is Controls Management? What Is the Role of Controls Management?

Compliance 52

Compliance 52

Audit Board

NOVEMBER 10, 2022

FutureRisk spotlights emerging risk areas and unique approaches to risk treatment with risk leaders from the world’s most prominent organizations. The importance of starting out by understanding your organization’s risk ecosystem and developing an integrated risk taxonomy. .

Start-ups 52

Start-ups Technology Compliance 52

Audit Board

OCTOBER 20, 2022

European Union (EU) organizations face an evolving patchwork of privacy compliance rules and regulations for transferring data across international borders. I’ll preview the ending — we’ve created an addendum our customers can sign to maintain compliance without having to renegotiate your underlying contract.

Compliance 40

Compliance Start-ups Technology 40

ThomsonReuters

AUGUST 25, 2021

Watch our free on-demand webinar, Taking tax automation to the next level: Practical tips for automated companies. The sophistication level of a company’s tax department is another factor that affects their approach to employing technology. The 3 levels of indirect tax automation.

Technology 52

Technology Compliance Finance 52