Neopay

DECEMBER 6, 2023

Expectations from a skilled person report A skilled person report, similar to a compliance audit, follows stages such as pre-audit documentation review, walkthroughs, testing, draft report, and final report. Every audit is different; the needs and concerns of the business dictate the breadth and scrutiny needed.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

PYMNTS

JANUARY 12, 2020

Matthias, who has served as chair since 2008, will be succeeded by Thomas Eichelmann, a board member since 2019 and the head of its audit committee. Eichelmann, 54, worked at Deutsche Bank and the consulting firm Roland Berger and later became the chief financial officer of the German stock exchange Deutsche Börse.

Audit 40

Audit Consulting Accounts Governance 40

The Paypers

SEPTEMBER 1, 2023

Global fintech services company TrueNorth has announced a partnership with RADD LLC , a compliance consulting and internal audit firm.

Regulatory Compliance 74

Regulatory Compliance Compliance Audit Consulting 74

VISTA InfoSec

OCTOBER 11, 2023

The QSA does this by conducting an audit of the organization’s processes and controls. At VISTA InfoSec , we bring together a team of auditors and consultants with vast experience in Compliance, Regulatory, and Information Security. Get in touch with us today for a demo and discover how we can simplify your audit process.

PCI DSS 130

PCI DSS Compliance Audit Assessments 130

PYMNTS

SEPTEMBER 14, 2020

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph. 11), Deloitte revealed it had set up an audit governance board to help to eventually separate the audit division from the rest of the company.

Audit 145

Audit On-Demand Consulting Rules 145

Payments Source

AUGUST 7, 2018

Lack of preparation for a PCI DSS assessment usually results in unexpected and unnecessary expenses, as well as lost productivity among all parties involved, writes Marc Punzirudu, director of security consulting services at ControlScan.

PCI DSS 72

PCI DSS Audit Assessments Consulting 72

PYMNTS

MARCH 1, 2020

s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. and would essentially ask for the firms’ audit and consulting operations to be separated. She said the goal was for audits to be “clear and transparent.”.

Accounts 92

Accounts Audit Consulting Governance 92

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. Moreover, firms should confirm that their chosen partners can deliver audits in accordance with the required scope of work.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

The Fintech Times

JANUARY 25, 2024

In addition, 73 per cent of firms struggle to receive all the data they require to complete internal and external audits – a concerning finding as auditing season approaches. Overall, 70 per cent of respondents agree that their data lacks the transparency and flexibility required for regulatory reporting.

Process 64

Process Audit Regulatory Compliance Consulting 64

Neopay

MARCH 14, 2024

It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail. This includes proposals on firms’ systems and controls and improving FCA oversight through improved reporting and independent audit of firms safeguarding arrangements.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

PYMNTS

AUGUST 7, 2019

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according to ABC.net news reports this week. Often, there is a conflict between the consulting business and the audit business of the big four firms.”.

Audit 51

Audit Consulting Regulations Procedures 51

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. introduces a new rule for the utilization of automated tools to conduct audit log reviews. Read on for a comprehensive look at what’s new and different in PCI DSS v4.0 Requirement v3.2.1

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

The Fintech Times

JUNE 24, 2024

The report , Hidden Truth: Diversity & Inclusion in the FTSE All-Share, by WB Directors and sponsored by global consulting firm Protiviti reveals a remarkable lack of diversity. However, a new report has revealed that just 13 per cent of these top roles are held by women, and less than one per cent are held by women of colour.

Audit 69

Audit Blocks Consulting Research 69

Synapse Payment Systems

JANUARY 3, 2023

Keep Up With Audits Even with standardized processes and technology geared toward inventory management, no warehouse or store is error-free. This is where audits come in. You want to ensure that your physical inventory matches your digital records, and an audit is the best way to check. We look forward to hearing from you.

Small Business 130

Small Business Audit Procedures Returns 130

VISTA InfoSec

OCTOBER 25, 2023

Implement Risk Treatment Plan and Statement of Applicability: The Risk Treatment Plan (RTP) in ISO 27001 certifies threat responses and is subject to audit. Compile Risk Assessment Reports For audit and certification, you need to prepare two crucial documents: The RTP and SoA. ISO 27001 offers various risk management options.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

VISTA InfoSec

JULY 31, 2023

It is then up to the business to engage a consultant or take other appropriate measures to address the areas of non-compliance. Resource Hub and consulting the checklist to familiarize yourself with the requirements of Version 4.0 Access to Audit Logs : This includes tracking access to audit logs.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

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. Engaging with AML experts and consultants AML is an ever-evolving field.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

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

The Fintech Times

FEBRUARY 10, 2024

Deloitte , the provider of audit, consulting, financial advisory, risk management and tax services, has revealed that 51 per cent of business leaders in the Middle East are concerned about a lack of funding as the primary hurdle to cybersecurity.

Cybersecurity 72

Cybersecurity Audit Risk Management Consulting 72

Fintech Finance

AUGUST 30, 2024

She co-founded and was Commercial Director of Certus, and has worked at Bank of Scotland (Ireland) and KBC Bank in senior positions, as well as in consulting at Arthur Andersen Business Consulting. Claire joined SumUp in 2020, working on operational risk and compliance, rising to Head of Operational Risk.

Non-Bank 52

Non-Bank Compliance Risk Consulting 52

CB Insights

DECEMBER 13, 2022

A global tax consultancy wants to use synthetic data to train machine-learning algorithms for auditing transactions. One of the largest P&C carriers in the US is looking to partner with insurtech companies that can help with underwriting, reinsurance, risk, and claims.

Underwriting 63

Underwriting Audit Consulting Acquirers 63

PYMNTS

AUGUST 5, 2019

Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants. That news led to a Senate vote for the Parliamentary Joint Committee on Corporations and Financial Services to investigate conflicts of interest in auditing firms.

Audit 43

Audit Non-Bank Consulting Procedures 43

The Paypers

MARCH 16, 2021

Basware has added PwC Germany , an auditing and consultancy firm in Germany, to its partner ecosystem, according to the official press release.

Audit 41

Audit Consulting 41

NFCW

JULY 17, 2024

The Commission then market tested Apple’s commitments and consulted interested third parties to verify whether the proposal would remove its competition concerns. To comply with the same industry standard-specifications as developers of HCE payment apps and to protect confidential information obtained in the context of an audit.

Payment Service Provider (PSP) 77

Payment Service Provider (PSP) Use Case Legal Agreements 77

VISTA InfoSec

MAY 2, 2024

Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information. Managed IT services providers also offer consultative services to aid in planning and implementing your IT strategy effectively.

Cybersecurity 130

Cybersecurity Legal Compliance Service Provider 130

PYMNTS

NOVEMBER 25, 2020

EY is increasingly finding itself on the hot seat as German lawmakers and investigators dig deeper into the collapse of payments giant Wirecard , whose books the accounting and consulting giant audited for a decade. The Wirecard scandal blew wide open in June when the payments company filed for insolvency after acknowledging that $2.1

Audit 67

Audit Legal Breach Consulting 67

Fintech News

MAY 19, 2024

Personalized products and services Muthukumar Krishnan, senior partner at Infosys Consulting, highlights in a blog post the significance of data analytics for personalization and customer experience. This approach involved identifying psychological barriers to buying, auditing the sales process, and optimizing sales performance.

Rules 77

Rules Non-Bank Audit Central Bank 77

Nanonets

SEPTEMBER 21, 2023

Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. Utilizing compliance  software  and seeking professional advice from consultants can also help businesses navigate complex regulatory landscapes.

Accounts 52

Accounts Audit Payroll Compliance 52

Finovate

APRIL 30, 2024

Features Fast: Analysts cut ~1,200 hours per year down to seconds for manual data extraction Trusted: Every data point auditable with one click Simple: Downloads to Excel, works offline Who’s it for? Streetbeat Streetbeat’s financial AI API streamlines financial operations with real-time, personalized data for each client.

Credit Union 52

Credit Union Payment APIs and Integration Audit Finance 52

PYMNTS

JUNE 18, 2019

Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. Reports in The Street on Monday (June 17) said the case stems from the SEC’s investigation into allegations that KPMG employees cheated on internal training exams and used stolen information to alter previous audits.

Audit 46

Audit Regulations Accounts Settlement 46

Stax

AUGUST 22, 2024

Additionally, you need to conduct regular compliance training for your staff and internal audits. Apart from staying abreast of all compliance updates, laws, and regulations, you need to conduct regular audits within your organization to safeguard your business against internal and external risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

PYMNTS

OCTOBER 12, 2020

Beautycounter has retail stores in New York City and Denver, eCommerce capabilities and approximately 45,000 sales consultants across North America. Beautycounter has also continued to lean into more live-streaming events on social platforms, hosted virtually by its consultant team.

Innovation 108

Innovation Consulting Product Audit 108

PYMNTS

APRIL 3, 2019

audits for large businesses. The Business, Energy and Industrial Strategy Committee released a 100-page report on the matter, recommending that the auditing giants undergo a “full legal separation” of auditing and consultancy operations.

Accounts 43

Accounts Audit Consulting Caps 43

FloQast

MAY 13, 2024

From automated bookkeeping and bank reconciliations to AI-driven tax preparation and audit processes, these new technologies enhance efficiency and accuracy and give accountants more time to focus on higher-level, more strategic work. This technology offers an immutable ledger, reducing fraud risks and ensuring a clear audit trail.

Accounts 52

Accounts Technology Cybersecurity Audit 52

The Fintech Times

MAY 15, 2024

“To mitigate this, organisations should consult with data protection experts and keep abreast of regulatory changes and develop a more robust security strategy. He discussed how the ICO’s most recent chapter , which opened for consultation this week, covers individual rights when training and deploying generative AI models.

Cybersecurity 72

Cybersecurity AI Government Governance 72

Global Fintech & Digital Assets

NOVEMBER 16, 2023

The Regulations were developed following extensive benchmarking across a number of peer jurisdictions and incorporate stakeholder feedback from ADGM’s April 2023 consultation paper. Latham & Watkins has advised ADGM in drafting the Regulations. Councillors may be liable for breach of these requirements.

Regulations 52

Regulations Technology Distributed Ledger Technology (DLT) Audit 52

Fi911

MAY 7, 2024

Acquirers and processors within the Mastercard network routinely consult the TMF or MATCH List prior to onboarding a new merchant. Furthermore, the damage to the business’s reputation can be long-lasting and far-reaching, as its status as a high-risk entity could deter potential partnerships and opportunities.

PCI DSS 82

PCI DSS Processors Compromise Identity Theft 82