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...
Archive - July 2017
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...
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...
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...
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...
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...
Criminal Finances Act 2017 Aimed at Terrorist Financing Affects All Firms With UK Operations
One of the recent examples of efforts to clamp down on terrorist financing and tax evasion comes from the UK, where the Criminal Finances Act 2017 received Royal Assent in April. The Act, expected to take effect this September, is being touted as a...
Digital Reporting, Dashboards Help Execute Store-Level Audits in Real Time
Retailers are under increasing pressure from all directions these days. In May, Credit Suisse estimated that a record 8,600 stores will close in 2017 and that 25 percent of U.S. shopping malls will be shuttered by 2020. At the same time, retailers...
High Performance Procurement: Getting More Savings to the Bottom Line, Faster
Only a low percentage of chief procurement officers and chief finance officers feel that they have “very effective” sourcing, according to the most recent research we conducted among 400 procurement and finance professionals. Effective sourcing...
SEC Expands JOBS Act Registration Filing Provisions to All Companies
Good news for companies that are planning or considering an initial public offering (IPO): The confidential IPO review period, created in 2012 to assist emerging growth companies, is now available to any company considering a public offering...
