Accurate, informative project reports are a crucial GRC tool for audit teams striving to communicate effectively with organizational leadership. Unfortunately, producing a thorough, incisive, yet readable report can be challenging, even for experienced auditors. No two projects are alike — which is why taking a one size fits all approach to report writing can be […]
Learn MoreAudit committees can and should play a key role when it comes to non-GAAP measures. To help audit committees with that role, a new report offers a “roadmap” featuring three key steps.
Learn MoreAn integrated governance model could provide benefits to sustainability teams.
Learn MoreAn Accenture Compliance Risk Study highlights different strategies that firms are pursuing to create compliance functions that meet the demands of a rapidly changing financial services industry.
Learn MoreThe Big Four accounting firms—Deloitte, Price Waterhouse, Ernst Young, and KPMG—seem to be taking an “if-you-can’t-fight-them-join-them” approach to the onset of blockchain technology. As of mid-2017, Deloitte alone had 250 people working in distributed ledger laboratories, and the other three are being similarly aggressive.
Learn MoreThe PCAOB is requesting additional public comments on a proposal that would require additional oversight of lead auditors relying on the work of other auditors. These requirements could particularly impact large multinational audits.
Learn MoreIn addition to the revelation last week that Deloitte’s network had been hacked and compromised (as reported by The Guardian), Iranian hackers have targeted Deloitte as well. Iranian hackers set up a fake Facebook profile for an attractive female and targeted one of Deloitte’s cybersecurity experts. The hackers were able to convince him to open an infected document on his Deloitte computer.
Learn MoreIn light of the Equifax breach, new legislation is being proposed that would require additional corporate disclosures and sign offs stating minimum standards of consumer data security have been met. The proposed Secure and Protect Americans’ Data Act could require CEOs and CFOs to sign a Sarbanes Oxley like certification for consumer data security.
Learn MoreA new study by the American Accounting Association titled Internal Control Weaknesses and Financial Reporting Fraud concludes that Sarbanes-Oxley Section 404 disclosures can serve as an early warning system for fraud within the company. The study finds that the disclosure of a material weakness increases the chances of a future fraud revelation by 80 to 90%.
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