Assessments Duplicate Procedures 
VISTA InfoSec
OCTOBER 20, 2023
According to the Contingency Plan Policy in HIPAA section 164.308(a)(7)(i) , covered entities must “formulate and execute, as needed, guidelines and procedures to respond to emergencies or other incidents (like system failure, fire, vandalism, or natural disaster) that damage systems containing ePHI.” What is a Contingency Plan Policy?
Nanonets
JUNE 19, 2023
We will also cover how automation helps to streamline the AP audit procedure. An accounts payable audit is an in-depth assessment of a company's accounts payable records and procedures. By performing routine accounts payable audit procedures, businesses can uphold their financial integrity. What is an AP Audit?
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Nanonets
APRIL 24, 2024
This audit aims to verify the accuracy and completeness of the bank reconciliation procedures and ensure that they are conducted in accordance with established accounting standards and regulatory requirements. They assess the adequacy and accuracy of documentation to support the integrity of financial records.
PYMNTS
NOVEMBER 24, 2020
Global Commercial Cards tailors to the requirements of firms of all different sizes and speeds to optimize the workflow of everyone who participates in the expense management procedure, according to the announcement. Users will be able to assign a single assessment status for suppliers, which will let suppliers update it at any time.
FloQast
OCTOBER 27, 2023
Write clear internal policies and procedures : Staff at all levels must understand the rules. For this reason, policies and procedures should be simple, clear, and concise. The risk assessment should also identify the potential consequences of each risk and the controls in place to mitigate those risks.
PYMNTS
MAY 7, 2020
Process mining involves a deep dive into companies’ existing workflows to identify bottlenecks, assess workflow alternatives against companies’ goals, and then implement the most optimized workflow to achieve those initiatives. But process mining has potential on the other end of a B2B transaction as well.
Nanonets
AUGUST 1, 2023
AI integration also significantly benefits risk assessment, allowing auditors to perform sophisticated analyses of a client's data, guiding them towards areas that demand closer scrutiny. Risk Assessment: AI assists auditors in assessing risks by analyzing historical data, industry trends, and financial ratios.
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