Start Small to Make Bigger Strides Over Time With SOX Compliance Process Automation
Since the passage of the Sarbanes-Oxley Act (SOX) nearly two decades ago, internal audit teams that need to help their organizations comply with the law’s requirements have been desperate to find less resource-intensive ways to do so. For many, bringing technology and automation into the SOX compliance process has been the path to greater efficiency, […]
Research Shows High Digital Maturity Can Be a Critical Driver for Next-Gen Audit
Most companies that weathered pandemic-related disruption successfully from an operational perspective entered the crisis with a relatively high level of digital maturity and a trust-based, collaborative culture that together enabled the resiliency (both strategic and operational) they needed to sustain their business models. These strengths allowed them to be better organized and react with the […]
The Future of Regulation: Technology
The future of regulation is technology: That’s the word from Jo Ann Barefoot, CEO and co-founder of AIR, the Alliance for Innovative Regulation. Ms. Barefoot is also the host of the global podcast show Barefoot Innovation; cofounder of Hummingbird, a technology startup helping financial institutions investigate suspicious behavior; and Senior Fellow Emeritus at the Harvard […]
The Accelerating Imperative of ESG: How Private Equity Players Can Kickstart Their Sustainability Journey
The expectations of regulators, investors and consumers regarding environmental, social and governance (ESG) initiatives for public companies have been mounting for some time, but they are also gaining traction in the private company arena, where more companies and investors are discovering that prioritizing ESG efforts can create value and improve their competitive advantage. Over the […]
Success from Scarcity: 5 Lessons in Frugal Innovation
In a culture of abundance, scarcity is often equated with adversity. But abundance can be a burden as well, leaving otherwise healthy companies unprepared to deal with extended periods of lack of resources. The global COVID-19 pandemic provided a wake-up call for many organizations in developed economies as they found themselves scrambling to adapt to […]
Proposed U.S. Interagency Guidance on Third-Party Relationships: Leveling the Playing Field for Third-Party Risk Management Requirements
On July 13, 2021, the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released a joint request for comment to their Proposed Interagency Guidance on Third-Party Relationships: Risk Management. The agencies have issued this proposed guidance in response to industry feedback requesting alignment […]
