GDPR: Strict New EU Data Privacy Rules Have Global Reach
European regulators are giving individuals new rights to control how their personal data is used. A new law, the General Data Protection Regulation (GDPR), scheduled to become effective May 25, 2018, is the most important change in data regulation to come from European Union (EU) regulators in 20 years. It introduces strict new rules for […]
SEC Clarifies Revenue and Lease Deadlines for Private Entities Included in Public Filings
With transition deadlines fast approaching on new revenue recognition and lease accounting rules from the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC) has opted to clarify some confusion among certain private businesses regarding their specific deadlines for the new standard. One specific area that was unclear was the deadline for private […]
Partnering for CAE Success: Building the Audit Committee Relationship
There’s a lot of talk these days about what’s important for CAEs to be doing and why. It’s always useful to exchange sound practical advice on how to do what needs to be done. So it was gratifying for me to be participate in a recent MIS Training Institute Masters Program dedicated to providing real […]
Regtech: An Innovation Quickly Going Mainstream
Last year, we wrote about the various ways financial institutions were using technology to streamline and improve regulatory compliance. We thought it was time to revisit the topic, given regtech’s quiet but steady advancement in the financial services industry in the time that has passed. A specific definition of “regtech” is still evolving, but generally […]
Internal Auditing Around the World: Stepping Up to the Challenge of Culture Audits
Weak organizational cultures are widely considered to be one of the primary causes of the global financial crisis that struck a decade ago. As a result, maintaining a strong risk culture has become a top priority for all major businesses today — as well as an expectation by their stakeholders, regulators and customers. Business leaders […]
New Survey — Bridging the Gap Between Finance and Procurement
My colleague Bernie Donachie wrote earlier this week about high-performance procurement, focusing on some top performer characteristics that emerged from our procurement survey prior to its release. The full report is now out, and, top performers notwithstanding, it shows that there are divergent perspectives across stakeholders when it comes to the value generated by the procurement function. […]
