August 26, 2019
Mistakes are an inevitable part of running a business. It is a common practice that a business faces a drawback due to an unpredictable financial mistake. Some blame it on ignorance, some on lack of professional guidance, while others are simply trying to find someone to blame. The fact is that 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. Meaning that 80% of business fail within their first year.
July 1, 2019
Sarbanes-Oxley (SOX) requires an internal control system. Yet the current financial crises indicates that the needed internal controls are not effectively implemented in many companies.
June 21, 2019
96% of startups fail before they get to the ten-year mark, according to Inc.com. In most cases, their failure trickles down to one vital question; what could go wrong? Those who look for answers to this question early enough manage to protect their business from common risks and create the best atmosphere for its growth.
April 30, 2019
The legislation and implementation of the Health Information Technology for Economic and Clinical Health Act (HITECH) expanded the scope of the Health Insurance Portability and Accountability Act (HIPAA) to reach more organizations. The legislation made it necessary to decipher the HIPAA compliance requirements regardless of whether you’re a doctor, a software developer, or in any other profession.
November 26, 2018
Business policies define your governance model for your organization. Weak companies have weak governance models. So what business policies do you need?
April 16, 2018
Your GRC program can be significantly enhanced with the addition of Policy and Procedure Management software.
November 13, 2017
A code of conduct applies to all employees and can help ensure compliance with standards and regulations applicable to all business activities. How's yours?
April 5, 2016
Implementing Financial Controls You may be familiar with the COSO (Committee of Sponsoring Organizations of the Treadway Commission) framework for internal control. COSO has received significant attention when referenced by the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) as an example of an “internal control” system as required by Sarbanes-Oxley Act (SOX) sections 302 and 404.
March 26, 2015
Are there concerns that the GAAP to IFRS transition may not go well?