A Sea Change Is Coming – Transitioning to FASB’s New Lease Accounting Standard

On the heels of the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, which becomes effective for calendar-year public companies beginning January 1, 2018, the accounting and...

Assurance and Advisory – Balancing Stakeholder Expectations in Internal Audit

We are living in a golden age of internal audit: Membership in The Institute of Internal Auditors (The IIA) is at an all-time high (200,000 members) Conferences and programs are filled near capacity around the...

Transitioning Risk Management to the Digital Age

The risk management methodologies in play for most companies today were developed before the turn of the century. In effect, risk management is often an analog approach being applied in what is now a digital...

GDPR: Developing Your Compliance Program

As we discussed here and here, the new General Data Protection Regulation (GDPR), is scheduled to become effective May 25, 2018. It represents the most important change in data regulation in 20 years, and it...

Cyber Attacks Can Be Costly – Is Cyber Insurance the Answer?

The WannaCry malware attack in mid-May focused the attention of corporations around the world on escalating cyber threats. Our Flash Report released immediately after the attack noted that it marked a new and...

Preparing to Face a HIPAA Audit With Confidence

This year, after piloting it since 2015, the Office for Civil Rights (OCR) formally implemented an audit program whose subjects include a wide variety of healthcare organizations (covered entities and business...

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