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Cybersecurity
Cost-Effective Cybersecurity: Implement these tactics to reduce your company’s risk of becoming the next headline-worthy data breach
Headlines on data breaches can conjure images of a room full of “black hat” hackers actively working to penetrate your network and steal your data, hold your systems for ransom, and leave you helpless. It’s easy to imagine considering that breaches are reported nearly daily, and...
Read MoreGeneral Data Protection Regulation (GDPR)
Toward a Solution for EU-US Privacy: In examining the underpinnings of the debate, we advocate a combined technical and business process solution
The European Union and the United States continue to struggle with the means to protect individual privacy, and unless common ground is found, the difficulty of cross-border commerce will also increase. Many readers may be familiar with the past history here: The Safe Harbor accord was in...
Read MoreTime to Consider Blockchain: A look at virtual currency technology from both sides of the table
The jury may still be out on the long-term prospects for virtual currency such as Bitcoin. While its use has been growing, it has not approached the acceptance levels of government-backed currencies. Bitcoin has shown an inability to keep consistent value, and many potential users were scared by...
Read MoreStrict New Actions on Compliance Accountability: What your CCO needs to know to meet intensified regulatory expectations
As the calendar year begins its first quarter we continue to experience unprecedented growth in regulatory oversight. In the past 12 to 18 months, several new regulations governing the financial services industry have been proposed, all of which speak to the need for stronger corporate governance....
Read MoreBanking | Finance
Investment Advisors Facing Treatment as Financial Institutions: Added filing and reporting responsibilities on the horizon
The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, has issued a notice whereby it intends to require certain investment advisors to establish anti-money laundering programs (“AML”) and reporting of suspicious activity pursuant to the Bank Secrecy Act...
Read MoreBoard of Directors
Oversight Overload: Be prepared with a comprehensive corporate governance framework
In November 2014, the National Association of Insurance Commissioners (NAIC) formally adopted the Corporate Governance Annual Disclosure Model Act and Corporate Governance Annual Disclosure Model Regulation. Collectively, these acts require a company to file a Corporate Governance Annual...
Read MoreSOX 404 Attestation Reports For Foreign Subsidiaries Effect Of The Principles-Based Approach Of AS5
Editor's Note: U.S. companies have subsidiaries throughout the world. This interview describes how that is handled by auditors like Eisner LLP that do not have offices outside the U.S. In this interview Mr. Robbins describes how Baker Tilly works with Eisner on the UK aspects of 404 attestation...
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