Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog August 18, 2016 AICPA Issues Audit Risk Alert on Revenue Recognition, With More Guidance to Come The American Institute of Certified Public Accountants (AICPA) recently issued an Audit Risk Alert on Revenue Recognition – an early and significant entry in what will be a growing body of guidance concerning the Financial Accounting Standards Board’s (FASB’s) new revenue recognition standard. It’s an important resource for preparers and auditors, because it explains the new revenue recognition… Blog August 19, 2016 Internal Audit Around the World: Collaboration, Technology and the Female CAE Technology is creating new areas of risk for businesses, requiring a collaborative mindset and strong relationships to manage risk effectively. At the same time, technology is creating new opportunities to improve how internal auditors manage risk – opportunities that come with the same requirements of collaboration and relationship-building. These changes to the internal audit landscape are… Blog August 22, 2016 From New York to Hong Kong: The Need for a Global AML Program Money launderers don’t recognize geographical boundaries and, while they often seek to launder money in those jurisdictions with the weakest regulatory environment, they are also attracted to major markets, which can accommodate large-scale movement of funds. They are masters at exploiting any weaknesses caused by differences among national anti-money laundering (AML) systems, which is why the… Blog August 23, 2016 Sourcing SOX Compliance Costs: Fewer Controls, More Scrutiny In a recent post recapping our webinar on rising SOX compliance costs, we cited increased external auditor scrutiny of “information produced by entity” (IPE), or electronic audit evidence, as contributing significantly to the increase in costs, with the testing and validation of IPE requiring almost twice the eight-hour average time required to test other internal controls. External auditors of… Blog August 25, 2016 Strategic Risks: How Can CAEs Up Their Game? The latest Common Body of Knowledge (CBOK) survey of internal audit stakeholders reports 7 out of 10 stakeholders want audit leaders to focus on strategic risks, as well as operational, compliance and financial risks, during an audit. The message is loud and clear. Board members and senior executives are saying they wish to look to the internal audit function for insights that will help them… Blog November 1, 2016 PCI DSS 3.2 Kicks In Today: Do You Know What the Changes Are? Version 3.2 of the Payment Card Industry Data Security Standard (PCI DSS 3.2), the information security standard that guides how entities process, hold and transmit cardholder data, comes into effect today, Nov. 1, 2016. In a post last month we discussed the details and implications of the new standard. Here, we want to point out one change of the new standard that has gone largely… Blog November 2, 2016 Compliance Insights Top News: Court Rules on RESPA Enforcement and CFPB Constitutionality In our most recent edition of Compliance Insights, we highlight the compelling news regarding the U.S. Court of Appeals for the District of Columbia Circuit’s ruling in favor of a large, non-bank mortgage servicer seeking relief from an order by the Consumer Financial Protection Bureau (CFPB) to pay more than $100 million in penalties related to the assessment of mortgage reinsurance… Blog November 7, 2016 Are Wireless Technologies the Answer for Cyber-Secure Offshore Asset Utilization and Operator Profitability? A review by Siemens finds that wireless communications are well suited for the often remote locations of oil and gas industry production facilities, both on- and offshore. Previously, satellites provided producers with communications sufficient for transmitting telemetry data, but that method often fell short in system automation controls, which are increasingly required today. Siemens’ analysis… Blog November 11, 2016 Digital Transformation, Data Governance, and Internal Audit Digital advances, such as big data analytics, mobility and smart connected devices are radically changing not just business processes, but entire operations. Companies across industries are racing to migrate analog approaches to customer interactions, products, services and operating models to an automated, always-on, real-time and information-rich marketplace. For internal audit, this means that… Blog November 15, 2016 Navigating Risk and Complexity by Integrating Contract and Supplier Management Most organizations spend between 30 and 70 percent of their revenues procuring third-party goods and services. This level of expenditure can present significant opportunities to drive operational performance, value and innovation if managed effectively – or it can pose a significant risk if left unmanaged. To realize the former, contracts that govern these transactions and the… Load More
