The Fintech Times

JANUARY 25, 2024

Aside from the issues firms have reported around their financial control processes, institutions also revealed concerns about their data quality, particularly regarding meeting regulatory reporting requirements.

Process 64

Process Audit Regulatory Compliance Consulting 64

FloQast

MARCH 21, 2024

In a recent report, Protiviti identified several factors that drive SOX compliance efforts spending , including: Company size Complexity of financial operations SOX compliance stage (first year, second year, etc.) The shortages drive up internal labor costs and external audit costs each fiscal year. However, there is a silver lining.

Compliance 52

Compliance Audit Automation Risk Assessment 52

Nanonets

SEPTEMBER 21, 2023

Preventing and detecting fraudulent activities requires implementing internal controls and monitoring processes. Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. When it comes to accounting, businesses must navigate a complex web of regulations and reporting requirements.

Accounts 52

Accounts Audit Payroll Compliance 52

Stax

JANUARY 31, 2024

Audit your data security measures. Consider consulting with financial advisors, payment processing experts, or industry specialists who can offer personalized guidance on optimizing payment strategies. These rates are often lower than standard rates but require more detailed transaction information.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

FloQast

DECEMBER 13, 2023

To protect investors by improving the accuracy and reliability of corporate financial reporting, Michael Oxley, Representative for Ohio’s 4th congressional district, quickly introduced a bill to the House less than two weeks later on February 14.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

MAY 7, 2024

This may include regular review and validation of financial transactions, segregation of duties, approval workflows, and periodic audits. Book a free consultation call with Nanonets for your expense reconciliation needs here.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. This process has to be audit-proof. You would think one system would be enough to manage foreign tax compliance.

Compliance 53

Compliance IRS Agreements Audit 53