Bank Culture Reform in Hong Kong
On 19 December 2018, the Hong Kong Monetary Authority (HKMA) issued a circular titled “Supervision for Bank Culture,” which supplements its original 2 March 2017 “Bank Culture Reform” guidance with further details. The new guidance introduced supervisory measures to Authorized Institutions (AIs), including self-assessments and site visits. The HKMA commenced a self-assessment exercise under the […]
Reentry Considerations for Finance as Companies Begin to Reopen
As finance organizations contemplate the prospect of re-entering their offices for the first time in a long time, there are a number of logistical and practical matters to consider, and some theoretical ones as well. In addition to ensuring the continuation of proper internal controls over financial transactions and financial reporting, that means looking out […]
Process Analytics Provides Edge in Coping With Pandemic-Stricken Supply Chains
If your company had its supply chain disrupted during the pandemic, welcome to the 94% Club. That is the percentage of Fortune 1000 companies that are experiencing disruption to their material resources as a result of COVID-19, according to a recent Fortune Magazine article. But being a member of that unfortunate club right now doesn’t […]
SOX Compliance: Consider COVID-19 Impact on Management Review Control Execution
The far-reaching impact of the COVID-19 pandemic has resulted in great economic uncertainty for numerous organizations around the globe. In earlier blogs in this series, we have talked about the importance of continuing to execute and document the evidence of internal control activities, even if the activities or evidence looks different than in the past. […]
