FICO

JUNE 21, 2021

In today’s litigious environment , AI-powered business decisions must be more than explainable, ethical and responsible; we need Auditable AI. Why Auditability Matters. Auditable AI makes Responsible AI real by creating an audit trail of a company’s documented development governance standard during the production of the model.

Audit 116

Audit AI Governance Government 116

Nanonets

JUNE 12, 2024

Record Keeping: Maintaining accurate records of all purchases and documenting every process in the procurement cycle is very important for reconciliation, auditing and fraud detection. Compliance and Audit Trail: Provides a documentation trail for easier compliance with legal and financial regulations.

Best Practices 52

Best Practices Automation Small Business Process 52

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. Testing aligns with the slightly narrowed focus (read access) but retains the emphasis on practical verification. audit log security principles are mostly unchanged. This rule is considered best practice until March 31, 2025.) Requirement 10.4.2.1

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

VISTA InfoSec

FEBRUARY 25, 2024

Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections. Vet Third Parties Review details like security practices, past breaches, employee screening, and compliance levels before partnering with outside vendors who may get access to internal systems/data.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

VISTA InfoSec

FEBRUARY 13, 2024

This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity. Audits play a complementary role by ensuring that existing security measures align with both internal policies and external regulatory requirements.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

FloQast

MARCH 27, 2024

This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Additionally, with Audit Reports, managers can track changes to processes, noting who made a change and the timing, ensuring strategy remains aligned with execution. Audit Readiness Remember this?

Reconciliation 87

Reconciliation Audit Accounts Best Practices 87

VISTA InfoSec

JUNE 26, 2024

This preparedness includes implementing advanced security technologies, conducting regular security audits, and training employees on cybersecurity best practices. Companies with strong cybersecurity risk management have the resilience to maintain business continuity.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

Fintech Review

JUNE 18, 2024

Best Practices for Hedge Fund Operations Implement strong governance and oversight. Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications. They continually collaborate to execute strategic trading maneuvers. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Segpay

JANUARY 26, 2024

A - Audit Your Affiliates It only takes one bad merchant to take down an entire payment processor or bank, so knowing who you work with is essential. Those processes we employ are also best practices for merchants to apply to their business partners.

Best Practices 105

Best Practices Push-to-Card Processors Due Diligence 105

Fintech Finance

JUNE 13, 2024

This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. This certification is an extension of ISO/IEC 27001, which deals with information security and was previously obtained by EBANX in 2019.

ISOs 63

ISOs Privacy Best Practices Compliance 63

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. This can impact the company’s stock price and ability to secure financing and increase external audit costs. Regular internal audits. Collaboration with audit firms and external auditors.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Stax

AUGUST 22, 2024

It can also help to teach them about best practices they can follow to prevent fraudulent transactions. Additionally, you need to conduct regular compliance training for your staff and internal audits. Follow these best practices for monitoring risks and dealing with them appropriately.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

VISTA InfoSec

JULY 17, 2024

Best practices in multilingual cybersecurity compliance To keep your data secure in multilingual environments, it’s smart to follow some key steps. Outline regular audit processes to check compliance with these policies. Following these steps ensures your planning and execution processes go through seamlessly.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

Nanonets

NOVEMBER 16, 2023

We’ll examine the different types of AP controls, accounts payable internal controls best practices, and how to manage AP controls in today’s digital landscape. There are many accounts payable internal controls best practices that every business should prioritize; let’s get into them.

Accounts 52

Accounts Best Practices Duplicate Checks 52

Neopay

AUGUST 5, 2024

Detailed records of all safeguarding training should be maintained for audit purposes. It also ensures that staff are prepared for audits, demonstrating the firm’s commitment to safeguarding. The FCA expects firms to stay up-to-date with best practices and evolving regulatory expectations.

Compliance 52

Compliance Procedures Audit Risk Management 52

Fintech News

JANUARY 25, 2024

The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing. It includes a user-friendly platform and AI-powered features to improve customer service and agent investigations, as well as adapting to changes in dispute rules and industry best practices.

AI 92

AI Disputes Risk Management Risk Assessment 92

EBizCharge

AUGUST 5, 2024

This article will explain what billbacks are, how they work, and best practices for managing them. These challenges make staying informed on best practices for managing billbacks imperative. It’s also beneficial to regularly audit the billback invoices to identify any discrepancies or inefficiencies.

Best Practices 52

Best Practices Disputes Adjustments Processors 52

FloQast

OCTOBER 27, 2023

Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices. Here are some compliance management best practices worth considering. Plus, it captures audit evidence at the source, eliminating duplicate audit activities and complexity.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. But training can’t be a one-off practice. Here’s what you need to ensure as a PayFac.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Nanonets

SEPTEMBER 23, 2023

In this guide, we will explore the  requisition process  and its role in accounting, as well as discuss best practices for managing and optimizing the process. They ensure that an audit trail exists for every transaction, which can be used to demonstrate accountability and transparency. What is a Requisition Order?

Process 52

Process Best Practices Compliance Procedures 52

Innovative Payments Association

SEPTEMBER 5, 2024

This includes conducting regular audits, assessments, and due diligence reviews to ensure that third-party partners are meeting regulatory requirements, adhering to best practices, and managing risks effectively.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

VISTA InfoSec

MAY 2, 2024

Providers arm themselves with the latest security tech and best practices to shield your data from cyber threats. Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information.

Cybersecurity 130

Cybersecurity Legal Compliance Service Provider 130

Nanonets

JUNE 21, 2023

This article will provide a comprehensive guide to reconciling payments, its importance, challenges faced, best practices, and the role of automation in enhancing the process. Compliance and audit requirements Various industries and regulatory bodies mandate accurate and auditable financial records.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

FloQast

MARCH 21, 2024

Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6 Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6

Compliance 52

Compliance Audit Automation Risk Assessment 52

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act addressed several themes, including increasing oversight of the accounting profession with the Public Company Accounting Oversight Board (PCAOB), establishing new standards to preserve auditor independence, reconfiguring audit committees, and requiring enhanced financial statement disclosures.

Audit 52

Audit Compliance Assessments Procedures 52

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - Below, we provide an explanation of the changes made in Requirement 6 from v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Nanonets

FEBRUARY 9, 2024

It also applies to accounting firms, audit agencies, and any third party that a publicly traded company uses in its accounting management process. The act requires companies to develop, publish, audit, and actively use their ICFR. A detailed look at specific findings and any issues arising from audit. What is an ICFR Audit?

Audit 52

Audit Risk Assessment Assessments Procedures 52

Nanonets

FEBRUARY 21, 2024

Businesses are encouraged to familiarize themselves with the procedural steps of cash reconciliation, adopt best practices to enhance accuracy, and consider the benefits of automating the process to mitigate risks associated with manual reconciliation. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Best Practices Automation Point-of-Sale (POS) 52

Nanonets

AUGUST 6, 2024

In this ultimate guide, we'll explore what a data annotation tool is, exploring its key features, benefits, and best practices. Data annotation platforms will need to provide detailed audit trails, version control, and data lineage capabilities to ensure the traceability and reproducibility of annotated datasets.

Best Practices 52

Best Practices AI Automation Process 52

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

NOVEMBER 22, 2023

Best practices for managing global suppliers Know your suppliers : Get to know the suppliers that you are planning to work with personally. Best practices for specific global products Keep product specifications up to date : Create comprehensive product specifications and ensure they are always up to date.

Best Practices 52

Best Practices Compliance Automation Audit 52

FloQast

JANUARY 8, 2024

State-Specific CPE Requirements Below are the CPE requirements by state per NASBA : Alabama Credit requirements: minimum of 40 hours of CPE annually Other requirements: At least 8 hours must be in Accounting and Auditing Completion of at least 2 hours of Ethics More information: Alabama State Board of Public Accountancy Alaska Credit requirements: (..)

Audit 52

Audit Accounts Regulations Accreditation 52

Core

MARCH 19, 2024

Manual payment processing typically lacks sufficient controls when it comes to documentation or audit trails, making it challenging to detect fraudulent transactions. Reliance on Manual Processes Many local governments still rely on manual payment processes, which are prone to human error even without intentional manipulation.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

Neopay

JULY 29, 2024

From comprehensive compliance audits and workshops to specialised training sessions, we ensure your reports cover all essential components, reflect best practices, and align with the FCA’s expectations.

Consumer 52

Consumer Assessments Compliance Best Practices 52

Nanonets

APRIL 1, 2024

Failure to maintain this discipline can lead to financial pitfalls, including overdrafts, bounced checks, and inaccuracies in financial reporting and auditing practices. Proper management involves regular reconciliation , communication with payees, and adherence to best practices to mitigate risks.

Reconciliation 52

Reconciliation Checks Automation Process 52

Fi911

MAY 7, 2024

Best practices for merchants include addressing concerns from processors or acquiring banks promptly, strengthening their data security measures, devising strategies for chargeback prevention, and managing chargeback risk effectively. How Do Merchants Avoid Being Added to the Terminated Merchant File?

PCI DSS 82

PCI DSS Processors Compromise Identity Theft 82

EBizCharge

JULY 12, 2024

Enforcing explicit procedures for approval and reimbursement creates a standard for audits. Clear documentation rules support transparency and ease auditing, reinforcing the company’s commitment to financial accountability. Additionally, it simplifies the expense reporting process, aiding in seamless bookkeeping and budgeting.

Compliance 52

Compliance Best Practices Procedures Process 52