Customers now expect the same level of service on social media from financial firms, insurance providers, and other regulated enterprises as they receive from technology and retail companies. But without the right compliance controls in place, your organization could violate customer privacy rules and other regulatory guidelines.
Are you taking the right steps to ensure compliance?
How are some companies decreasing audit fees in the face of pressure to increase them? In this follow-up report to the 2015 Audit Fee Survey, Financial Executives Research Foundation interviewed several senior-level financial executives and audit partners. These interviews revealed best practices in mitigating increases in audit fees and how to work more efficiently and effectively with auditors.
Access this report to learn the reasons for increased audit fees and the impact of PCAOB inspections. You'll also discover how to review current audit focus areas, improve internal controls, automate processes, and review audit hours and fees.
Today, financial service companies are embracing hybrid cloud and its advantages, such as the ease of shifting production workloads and secure applications to public cloud environments. But, what is challenging is the complex regulatory landscape. 20,000 new regulatory requirements were created in 2016 alone. How can security pros ensure that controls for identity management, authentication and encryption work in both private and public clouds? Download this report for a closer look at the complexity of hybrid cloud security and 10 essential elements for compliant business operation.
Published By: Tripwire
Published Date: Jul 05, 2007
Find out about the requirements and issues addressed in corporate governance Bill 198, Canada's version of Sarbanes-Oxley, for internal controls for technology and how IT configuration auditing brings compliance.
Workiva commissioned Forrester Consulting to conduct a Total Economic ImpactTM study and examine the potential return on investment (ROI) enterprises may realize by deploying Wdesk for Controls Management. The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of Wdesk on their organizations and how it can be leveraged to optimize the processes necessary to deliver Sarbanes-Oxley (SOX) compliance.
This in-depth financial summary finds a 238% three-year, risk-adjusted ROI for a large auto parts retailer. Key outcomes include reduced the effort required to formulate and update processes and controls for SOX compliance resulting in a three-year benefit of $190,568, and simplified audit efforts with improved audit trails in financial controls, delivering three-year present value benefits of $128,965.
The Cenzic Hailstorm® solution helps financial institutions comply with GLBA and other laws by automating risk assessment, checking for vulnerability to the injection of malicious code into Web servers, automating the testing of code and key controls during the software development process, and helping them respond to new vulnerabilities in the software development lifecycle.
Published By: Workday
Published Date: Nov 12, 2019
Workday Financial Management delivers the rich data you need to improve operations and empower your teams. View the extended demo to learn how Workday:
Boosts your operational intelligence with actionable analytics
Enables you to keep up with regulatory changes
Improves controls and simplifies processes
Cloud financial corporate performance management solutions help the office of finance manage the financial close and apply appropriate controls throughout the accounting cycle. Application leaders should use this Magic Quadrant to identify vendors that are a good match for their business needs.
The 2017 Gartner Magic Quadrant for Strategic CPM solutions provides valuable insights into the latest market trends, the current Leaders, and key vendor evaluation criteria.
Download the Gartner report to learn:
Why cloud has become the preferred deployment model
Who the key vendors are and how they compare
Why mega vendors no longer dominate the market
Best practices in evaluating and selecting a vendor
Published By: Preventsys
Published Date: Aug 21, 2009
Much has been written and discussed about Enterprise Risk Management (ERM) as it relates to compliance, corporate governance, financial controls and the Sarbanes-Oxley Act of 2002 (SOX). Until now, there was very little available to the risk manager on how to apply ERM to day-to-day operations.
There is increasing urgency for organizations today to comply with regional data protection regulations or face potential financial and legal repercussions, and customer backlash. This awareness is heightened by recent headlines related to data breaches, rising risks of BYOD, and other privacy lapses that have bottom line and reputational consequences.
Learn how to prepare for this new world of data privacy with actionable advice for senior IT leaders addressing data privacy concerns in their organizations.
This paper covers key issues to consider when it comes to protecting corporate and employee data privacy, including:
Sectorial regulations, including HIPAA and FINRA
Evolving Data Protection Acts in EU countries with a strong focus on citizen privacy, data residency requirements, and concerns over data production
BYOD policies blurring the lines between personal and business data
Internal controls for safeguarding PII & PHI
The nature of corporate accounting and financial controls has forever been changed by Sarbanes-Oxley legislation. This white paper discusses the ripple effect of the Act on the IT outsourcing community and the new responsibilities and ethics that rest on companies, both public and private, that entrust all or part of their IT environment to an external third party.
Since the National Association of Insurance Commissioners (NAIC) made revisions to the Financial Reporting Model Regulation (Model Audit Rule) in June 2006, the insurance industry’s attention to the risks associated with financial reporting has been on the rise. Structured similarly to Section 404 of the SarbanesâOxley Act, the Model Audit rule places a significant burden on Câlevel executives to ensure their oversight in the internal controls for financial reporting (ICFR) process. Executives within these insurance organizations, both public and private, will be required to evaluate their internal controls in preparation for the first reports due in 2010 for the 2009 reporting period.
Published By: Proofpoint
Published Date: Aug 10, 2017
BEC attacks are a growing threat to businesses because they prey on vulnerabilities that cant be patched: people. Thats why employee training, financial controls, and especially technology are the keys to a strong defense and timely response. You need need a solution that does not solely depend on reputation and basic email filtering. With granular controls, advanced email solutions can identify and quarantine impostor emails before they reach an employees inbox.
For most financial institutions, its no longer a question of if but when theyll be attacked..
If youre like most financial institutions, you have controls that identify breaches, but need proper procedures thatll enable you to recover from such an event. In this presentation at the CUNA Technology Council Conference, Tom Neclerio, BAE Systems VP of Cyber Consulting Services, discusses the current threats across the financial marketplace and explores strategies for implementing a successful incident response program as outlined in the FFIECs cyber resilience guidance.
Published By: BlackLine
Published Date: Jun 15, 2016
Finance is shifting from traditional rigid and manual accounting processes to more automated, more flexible, and more agile cloud based systems. This shift is essential, because it provides the productivity benefits so that finance can focus more on reporting and analyzing financial performance. Download this eBook, The Modern Approach to Closing the Books to learn a new approach to the Record-to-Report processes - an approach in which automation, controls and period-end tasks are embedded within daily activities allowing for; more balanced workloads, time freed for analysis, current not out of date results, and Finance to better align with business operations.
If you need better reporting, more automation, tighter internal controls, and greater visibility into your operations, it may be time to switch to a new accounting system.
If you're like most small businesses, you've been using QuickBooks to manage your company's financials. It's well known. It's easy. It works. And it offers the functionality a business needs when it's starting out.
But if your business has moved beyond the entry level, you may find you're doing more outside of QuickBookswhich is affecting your organization's productivity.
If you need better reporting, more automation, tighter internal controls, and greater visibility into your operations, it may be time to switch to a new accounting system. How can you be sure?
Discover why now's the time to graduate to a new financial management and accounting system.
Learn best practices for guarding your endpoint corporate data so you can mitigate the risk of regulatory and financial exposure, and more.
This white paper explores:
. Defining security policies for endpoint backup and recovery
. Enforcing endpoint controls
. Ensuring employee adoption
. Keeping IT costs in check
Occupational fraud is not a small issue. On average, a company loses 5% of its revenues to employee financial fraud each year, with the annual median loss at $140,000 and over 20% of companies reporting losses of $1 million or more. The key to keeping a lid on this fraud is identifying the fraud before it takes too much of a bite out of the companys bottom line, or even further, to put processes and controls in place that automatically audits, monitors, and accepts or rejects transactions that dont fit an recognized pattern.