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Undergoing an internal audit for Sarbanes Oxley, or any other audit for that matter, can be stressful. Everyone wants to do a good job and wants to feel like their area is well run and under control. It can be easy to get caught up in the sloganeering of “no exceptions” or “no more than […]

Accounting and auditing literature are full of mentions about timeliness. Often this word is associated with the more project management-oriented definition of getting tasks done quickly, efficiently and prior to due dates. Paradoxically, the internal controls definition of this word does not necessarily mean fast but rather at the appropriate point in time. When evaluating […]

Creating consistent GRC data standards and communicating them effectively is challenging for many organizations. Often, source data from multiple locations is incompatible, creating unclear controls visibility and stifled communication. Add to that, the difficulty of gaining visibility of the status of internal controls and gaps which further increases the chances of errors and costs. While […]

Legal Disclaimer: This document is a broad overview of the forthcoming EU General Data Protection Regulation (GDPR) and does not provide legal advice. We urge you to consult with your own legal counsel to familiarize yourself with the requirements that govern your specific situation. Data protection and compliance is becoming the topic de-jour amongst Audit […]

Account reconciliations are part of the basic building blocks of financial processes and controls. It’s something everyone expects to just be there and work without much thought. Many financial managers assume that if they don’t hear anything about account reconciliations from their staff; then all must be well. Very often this is simply not the […]