FloQast

NOVEMBER 20, 2023

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

Nanonets

AUGUST 1, 2023

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

Audit 52

Audit Risk Assessment AI Assessments 52

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Some PayFacs completely avoid working with merchants from such industries.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

FICO

MARCH 24, 2021

In this second part, we will explore the challenges of countering TBML and explore some recent industry trends. Transformational Change and Industry Trends. A recent study conducted by BNY Mellon “ Global Payments 2020: Transformation and Convergence ” notes a number of evolving trends and challenges.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

Nanonets

SEPTEMBER 21, 2023

Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. Fraudulent Activities Establish strong internal controls, conduct regular audits, and educate employees on fraud prevention. Another key concern in auditing is the implementation of robust internal controls.

Accounts 52

Accounts Audit Payroll Compliance 52

Nanonets

SEPTEMBER 22, 2023

The  vendor selection process  consists of establishing business goals, locating and selecting the right vendor, conducting an initial risk assessment, negotiating  contracts ,  supplier onboarding , and  risk mitigation  and management. Establishing Business Goals 2. Locating and Selecting the Right Vendor 3.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

FICO

JUNE 23, 2020

When assessing the success of a strategy, whether it is related to limit management, collections or another decision, issuers will use a variety of data both internal and external. Proving to regulators that positive performance because of requested changes is due to your actions rather than a general industry trend.

Issuers 52

Issuers Credit Cards Origination Regulations 52