VCFO

AUGUST 25, 2022

Ensuring IT Security in Small- to Medium-Sized Businesses. Here, we take a look at today’s IT risk environment for SMBs, as well as the tools, processes, and services that one organization (vcfo) counts on to ensure their systems and data remain secure. Establishing a Security Baseline. Where are we most vulnerable?

Securities 81

Securities Prioritization Education Budgeting 81

Future CFO

OCTOBER 16, 2023

It can help with incident response reporting, threat intelligence, risk assessments, audits and regulatory compliance, and present its recommendations in terms that anyone can understand, even translating confounding graphs into simple text. The post The promise of generative AI for cyber security appeared first on FutureCFO.

Securities 52

Securities Auditing Compliance Technology 52

Future CFO

NOVEMBER 23, 2020

Chief audit executives (CAEs) have listed IT governance as the top risk for 2021, said Gartner recently. The Audit Plan Hot Spots Report indicates that IT governance is displacing data governance, which was the top entry for 2020 and is in second position for 2021. Audit Plan Hot Spots Dashboard. Source: Gartner (November 2020).

Auditing 52

Auditing Risk Management Securities Planning 52

CFO Dive

AUGUST 2, 2022

exchanges but a 2020 law gives the Securities and Exchange Commission authority to do that if the PCAOB isn’t getting cooperation. The Public Company Accounting Oversight Board (PCAOB) doesn’t have the authority to remove foreign companies from U.S.

Auditing 141

Auditing Securities Accounting 141

Future CFO

MARCH 28, 2021

The internal audit function faced both declining budgets and a significantly expanded workload in 2020, according to Gartner survey of 299 internal audit organisations in 2020. The obvious implication, if the picture doesn’t become more balanced, is that audit leaders will have to make tough coverage trade-off decisions.”

Auditing 52

Auditing Budgeting Banking Securities 52

PYMNTS

MARCH 15, 2020

The Securities and Exchange Commission (SEC) voted last week to ease audit requirements for some small, publicly traded companies, the agency said in a statement Friday (March 13). CEO of the Securities Industry and Financial Markets Association (SIFMA), has been in charge of the industry response to the outbreak.

Auditing 63

Auditing Compliance Securities Accounting 63

PYMNTS

JULY 26, 2020

In the latest development, Bundesbank President Jens Weidmann said in an interview published by newspapers that are part of the Funke media organization that auditing should be enhanced, according to a translation to English from German by Reuters.

Auditing 83

Auditing Banking Finance Accounting 83

PYMNTS

JUNE 26, 2020

The company was involved in deliberate deceit and had given false statements on escrow while EY was carrying out the 2019 audit of the company, which EY took to the relevant authorities, Reuters reported. billion on its books that may not exist.

Auditing 102

Auditing Accounting Banking Marketing 102

Future CFO

SEPTEMBER 14, 2020

Given that auditors are required to offer unbiased opinions about the financial statements of companies that they audit, the lack of auditor independence can severely compromise the quality of the auditors’ work. . The case for and against NAS prohibitions NAS encapsulate any service provided by auditors other than external audit services.

Auditing 52

Auditing Accounting Valuation Education 52

PYMNTS

MAY 4, 2020

Despite an audit that raised questions about operations at Wirecard, a publicly traded financial services provider based in Munich, its CEO has ignored calls to resign. The survey by KPMG, a global auditing firm, criticized the company’s lack of transparency and cooperation. The company employs 5,300 workers.

Auditing 64

Auditing Compliance Economics Planning 64

PYMNTS

AUGUST 7, 2020

Unisys has partnered with PayCargo , which works in electronic invoicing and settlements for shipping companies, to deliver a new payments platform for cargo providers that a press release touts as more secure and faster. The platform lets clients have their cargo released the same day.

Securities 102

Securities B2B Auditing Cash Management 102

PYMNTS

DECEMBER 4, 2020

Munich prosecutors have launched an investigation into the Ernst & Young ( EY ) audit of Wirecard AG, compounding the firm’s troubles associated with $2.3 billion that went missing at the payment company.

Auditing 75

Auditing Accounting Firms Banking Accounting 75

PYMNTS

JULY 2, 2020

The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 Auditors should be required “to find fraud rather than stumble over it,” Donald Brydon , appointed last year to overhaul audit standards in the United Kingdom, told the Financial Times.

Auditing 56

Auditing Accounting Banking Marketing 56

PYMNTS

SEPTEMBER 10, 2019

AppZen secured the Series C funding from hedge fund firm Coatue Management, with Redpoint Ventures and Lightspeed Venture Partners also participating in the funding round, VentureBeat reported. Expense management and reporting technology firm AppZen announced a $50 million fundraise Monday (Sept.

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

PYMNTS

MAY 16, 2018

Controls are everything in business and in data security. Against that backdrop, SOC 2 — shorthand for Service Organization Control, originating from 2011 — is gaining in popularity, according to Flywire chief information security officer Barbara Cousins. A SOC 2 Type II review will include the testing of these controls.

Auditing 46

Auditing Healthcare Securities Education 46

CFO News

JANUARY 29, 2024

These organisations may have to undertake “mandatory internal and external information security audits” and report the findings of these audits to their respective sectoral regulator, as per the proposed national cybersecurity reference framework.

Auditing 52

Auditing Planning Securities 52

PYMNTS

JUNE 29, 2020

CertiK , an auditing firm, wants to bring Internet of Things (IoT) devices onto blockchain through its new partnership with Hdac , CoinDesk reports. ” Meanwhile, Tezos is looking likely to avoid action by Securities and Exchange Commission (SEC) by settling a lawsuit with a $25 million settlement. .”

Securities 67

Securities Auditing Planning Marketing 67

PYMNTS

OCTOBER 21, 2019

21), following news of an independent audit by KPMG. Wirecard said the auditing company will have “unrestricted access to all information on all levels of the group.” The audit follows a report in the Financial Times that accused the company of accounting irregularities.

Auditing 40

Auditing Accounting Banking Securities 40

PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

Securities 67

Securities Auditing Accounting Technology 67

PYMNTS

JULY 5, 2020

A special audit conducted late last year by KPMG and seen by the paper revealed the profits appear to have existed largely on paper. Ernst & Young , the company’s auditor, reported that from 2016 to 2018, Wirecard’s annual earnings nearly doubled to 439 million euros ($494 million). But such profits did not exist, the Times reported.

Auditing 68

Auditing Profit and Loss Valuation Accounting Firms 68

CFO Leadership

OCTOBER 10, 2023

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis.

Finance 95

Finance Accounting Auditing IFRS 95

PYMNTS

OCTOBER 26, 2016

While it’s not uncommon for these Internet of Things (IoT) devices to be accessed by attackers looking for a stealthy way in, it’s also not uncommon for merchants to overlook these as a point of security vulnerability. to provide additional layers of security. Going Beyond PCI.

Securities 81

Securities Auditing Compliance Retail 81

PYMNTS

MARCH 24, 2019

According to a report in The Financial Times , the revelations by current and former employees at the Bremen call center in Northern Germany raise more questions about how the airline protects data security less than a year after it suffered a major data breach. The employees at one of the airline’s largest call centers outside of the U.K.

Securities 58

Securities Auditing Investments Technology 58

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. The Bank Service Company Act gives financial regulators the power to audit third-party vendors that offer banking services, Ashton said.

Securities 46

Securities Auditing Concentration Compliance 46

Adam Kae

NOVEMBER 20, 2021

Process to Secure a Successful Business in 2022: Establish a motive. According to Forbes , this is also a great time to do a full inventory audit. We’ll talk about mergers in another article, but for now, let’s focus on business acquisition and the process behind it. Create search criteria. Research (databases). Introduction meetings.

Securities 52

Securities Auditing Budgeting CFO 52

PYMNTS

MAY 1, 2020

Mnuchin: All PPP Loan Recipients Will Face Audits. Treasury Secretary Steven Mnuchin said per reports that firms that borrow money via the Paycheck Protection Program (PPP) can expect to be audited prior to forgiveness of the loans. ” JPMorgan Chase Submits Nearly $18B In PPP Loans.

Auditing 57

Auditing Economics Treasury B2B 57

PYMNTS

SEPTEMBER 15, 2016

Patent and Trademark Office for security risk detection technology. CyberArk said the technology has been implemented in the CyberArk Discovery and Audit (DNA) tool, which enables security professionals to quantify privileged account security-related risks and gain visibility into the attack surface that exists within enterprises.

Securities 68

Securities Technology Auditing Accounting 68

PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 billion) in cash, the Financial Times reported. OCBC declined to comment, the paper reported.

Accounting 116

Accounting Auditing Accounting Firms Banking 116

PYMNTS

APRIL 29, 2019

Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant billing errors, significant bugs and “baffling” security lapses, according to reports.

Securities 51

Securities Auditing Accounting Technology 51

VCFO

NOVEMBER 7, 2023

How Quality of Earnings Reports Impact Valuation Securing a Quality of Earnings (QoE) report is often a routine step in the due diligence process for acquisitions. It’s important to differentiate between having audited financial statements and a QoE report, as these are quite different reports.

Valuation 86

Valuation Auditing Concentration CFO 86

CFO Thought Leader

APRIL 16, 2024

Kicking off his career fresh out of school, Udit Tibrewal joined the audit practice of PricewaterhouseCoopers (PwC) in New Delhi, where he set about learning the intricate workings of financial compliance. The ambition to broaden his horizon and a hunger for new challenges led him to make a bold move to the United States, landing […]

CFO 52

CFO Auditing Prioritization Compliance 52

CFO Plans

MAY 2, 2024

Evaluating Security and Compliance When it comes to financial data, security and compliance are non-negotiable. Your accounting partner should have robust measures in place to protect your sensitive information, including encrypted data storage, secure communication channels, and regular security audits.

Accounting 52

Accounting Problem Solving Compliance Communication 52

PYMNTS

NOVEMBER 8, 2016

In a move that helps cement B2B payments within the realm of secure transactions, PayStand, a B2B payment and billing company, has given firms the ability to notarize and also certify payments across the supply chain. Blockchain. It’s not just for banks anymore. Most recordkeeping, he said, remains tied to paper and email.

B2B 72

B2B Securities Auditing Finance 72

VCFO

JANUARY 18, 2024

Another important element of dialogue can come via audits. While some may shudder at the thought of audits, an audit team can actually be a helpful sounding board for business decisions related to deferred revenue. Audits can discover previously unseen issues and instill confidence in the company’s strategy.

Auditing 81

Auditing Leadership Construction Invoicing 81

Future CFO

NOVEMBER 10, 2021

The Gartner 2022 Audit Plan Hot Spots report also identified evolving societal expectations for enterprises, such as environmental, social and governance ( ESG ) risks, and operational resilience as top risk areas for 2022. The 2022 audit plan hot spots that Gartner identify are as follows. Ransomware. Data and Analytics Governance.

Auditing 75

Auditing Economics Communication Planning 75

PYMNTS

MARCH 12, 2020

In other news, the Autorité des Marchés Financiers (AMF) is mulling a regulatory sandbox for security tokens, Cointelegraph reported. The endeavor is designed to look into security token offerings as well as the wider idea of financial monetary contracts based on blockchain.

Securities 52

Securities Currencies Auditing Sales 52

PYMNTS

NOVEMBER 3, 2019

The company had planned to release its blockchain project, TON, until the company was sued by the United States Securities and Exchange Commission (SEC), which declared grams were unregistered securities. In a filing, the startup explained that the sale of “Crowd SAFE” securities will run through the end of January 2020.

Securities 40

Securities Startups Sales Auditing 40