In the April edition of Compliance Insights, we discuss the Office of the Comptroller of the Currency’s draft supplement, released in March, which further outlines the application guidelines for fintech bank...
Archive - April 2017
Proving Procurement’s Value to Stakeholders: Show Them the Money
There is no doubt that procurement organizations deliver value, through strategic sourcing, category management and other means. What distinguishes procurement organizations perceived as top performers from the rest is...
IT Audit Webinar: Your Questions Answered
Following up on a recent blog post discussing the results of the 6th Annual IT Audit Benchmarking Study from ISACA and Protiviti, I want to revisit the subject by answering some of the audience questions we were unable...
Cyber Safety Tips for Private Equity Managers
Cybersecurity vendor FireEye, in March, reported an increase in fake emails targeting lawyers and compliance officers with malware disguised as a Microsoft Word document from the Securities and Exchange Commission...
Fintech Perspective: Balancing Speed to Market With Sound Risk Management
As financial institutions develop innovative technology, in-house or by partnering with fintech companies, they need to carefully consider regulatory requirements for both third-party risk management and information...
Health Check on Emerging Growth Companies: PCAOB Reports High Incidence of Material Weaknesses
A new white paper from the Public Company Accounting Oversight Board (PCAOB) and an April increase in qualifying revenue limits have put emerging growth companies (EGCs) in the news recently. The EGC designation...
The Role of the Business in Ensuring a Successful ERP Implementation
As organizations implement new enterprise resource planning (ERP) systems as part of digitization, process improvement and platform modernization, it is becoming increasingly critical not just for IT, but also for the...
Cyber Vulnerabilities of Energy Companies’ Control Systems Can Be Addressed Safely and Successfully
The realization is growing across the oil and gas industry that the major cybersecurity threats to upstream, midstream and downstream data and operations are often aimed at operational technology (OT) systems and...
DOJ Fraud Section Puts Boards of Directors on Notice Regarding “Conduct at the Top”
In February 2017, the U.S. Department of Justice (DOJ) Fraud Section published its latest guidance on corporate compliance programs with the release of the very useful document titled “Evaluation of Corporate Compliance...
PCAOB White Paper Calls Attention to the Risk of Material Weaknesses at Emerging Growth Companies
Last week, the Public Company Accounting Oversight Board (PCAOB) released its semi-annual white paper providing general information about certain characteristics of emerging growth companies (EGCs). The PCAOB’s white...