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

Stax

AUGUST 22, 2024

Once these mechanisms are in place, you also need to educate your sub-merchants about fraud and keep them informed about the latest trends in fraudulent activity. It can also help to teach them about best practices they can follow to prevent fraudulent transactions. They also need to have strong data security protocols in place.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

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

FloQast

JANUARY 8, 2024

The accounting profession is dynamic and ever-evolving, requiring professionals to stay abreast of the latest regulations, standards, and industry trends. Continuing Professional Education (CPE) credits are essential for certified public accountants (CPAs) and other accounting professionals to maintain their competence and licenses.

Audit 52

Audit Accounts Regulations Accreditation 52

Nanonets

SEPTEMBER 22, 2023

By implementing  best practices  and leveraging automation tools, you can maximize the potential of your  accounts payable department. Implementing  best practices  can streamline operations, reduce errors, and enhance performance.

Accounts 40

Accounts Best Practices Automation Compliance 40

Neopay

FEBRUARY 12, 2024

It’s not just personnel though, software and IT needs and costs have also increased sharply, alongside other costs such as training and the need for more testing and audits. The depth of collaboration extends beyond technology to encompass industry insights, best practices, and a shared commitment to innovation.

FinTech 52

FinTech Compliance Reconciliation Risk Management 52

Nanonets

SEPTEMBER 22, 2023

Another method is to conduct site visits or audits of potential vendors' facilities. This allows businesses to assess firsthand the vendor's operational capabilities, quality control processes, and compliance with industry standards. Identifying risks early on is essential to minimize their potential impact on your business.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40