VISTA InfoSec

MARCH 6, 2024

assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. Changes Access Controls "Limit viewing of audit trails" to those with a need. Minor adjustments to testing scope. audit log security principles are mostly unchanged. Maintains the risk assessment step.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

FloQast

JANUARY 17, 2024

The consultation set out proposals for a range of legislative and governance reforms to be implemented in the Code in 2024, including the introduction of a new regulatory body, known as the Audit, Reporting, and Governance Authority (ARGA), which would replace the FRC. A description of company policies for tendering external audit services.

Governance 102

Governance Government AAP Audit 102

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection.

Audit 52

Audit Automation Bots Risk Assessment 52

The Finance Weekly

DECEMBER 15, 2024

Step 1: Conduct a Marketing Audit Why Start with an Audit? A marketing audit provides a snapshot of your current position and helps identify areas that need improvement. Key Activities in a Marketing Audit SWOT Analysis: Assess your internal strengths and weaknesses, as well as external opportunities and threats.

Process 130

Process Audit Adjustments Best Practices 130

M2P Fintech

APRIL 11, 2025

Key Proposals in the RBI’s Draft Guidelines Standardized Gold Valuation Lenders must use a transparent and uniform method for valuing pledged gold, with valuation done by certified personnel and subject to periodic audits. Purity checks must be documented and auditable.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

The Payments Association

JANUARY 13, 2025

The concern is regarding the period of adjustment and whether this leaves firms exposed to operational and compliance risks, particularly in the absence of established precedents. This will also include verifying the legitimacy of assets, auditing their technical infrastructure, and assessing market risks simultaneously.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

DECEMBER 13, 2023

Audit Trail and Transparency: AI Insurance Claims Processing systems maintain detailed audit trails of all activities within the claims processing workflow. This transparency is essential for regulatory audits, allowing authorities to review the entire process and verify that each step adheres to compliance requirements.

AI 102

AI Process Fraud Detection Compliance 102

The Payments Association

JANUARY 29, 2025

Outdated risk assessments, limited awareness of emerging risks, and failure to adjust processes during operational changes, like customer migrations, left gaps that allowed high-risk transactions to bypass scrutiny. Internal assessments categorised Nordeas overall AML risk as critical, yet systemic upgrades were not prioritised.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

VISTA InfoSec

MAY 2, 2024

Instead, you pay a predictable monthly fee that adjusts based on your specific needs and growth—a much more budget-friendly approach. Regular audits and updates ensure your systems comply with industry regulations, offering you peace of mind and protecting your critical business information.

Cybersecurity 130

Cybersecurity Legal Compliance Best Practices 130

Finextra

JUNE 23, 2025

AdviceRobo has pioneered the use of psychometric data, behavioral analytics, and alternative data to assess risk far beyond FICO scores. Imagine a suite of AdviceRobo agents: One analyzing psychometric data, Another adjusting for behavioral shifts, A third scanning macroeconomic risks. And with response times as fast as 0.03

AI 52

AI Finance Payment APIs and Integration Embedded Finance 52

The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

PYMNTS

OCTOBER 5, 2020

The company aims to eliminate the confusion related to cybersecurity audit and certification processes by assisting companies in scoping correctly-sized audits and dynamically adjusting controls. The new capital will help Strike Graph hire more engineering and cybersecurity positions.

Cybersecurity 56

Cybersecurity Audit Risk Assessment Encryption 56

The Fintech Times

AUGUST 28, 2024

Adjusting to MiCA The MiCA regulation aims to foster the use of innovative technologies by setting a regulatory framework that covers crypto-assets (including stablecoins ), crypto-assets issuers and crypto-asset service providers to protect the rights of holders in the EU.

Stablecoins 80

Stablecoins Multi-Currency Risk Mitigation Risk Assessment 80

Clearly Payments

JANUARY 8, 2024

Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management. Conducting a thorough risk assessment tailored to the specific nature of the business is essential. This assessment serves as the groundwork for developing strategies to mitigate these identified risks.

Risk Management 97

Risk Management Risk PCI DSS Process 97

FICO

MARCH 24, 2021

Here are some quick tips to keep you focused on your priorities: Review Risk Assessments and adjust internal controls as needed. Conducting internal monitoring and auditing. Maintain a strong Tone at the Top (“Culture of Compliance”). Set clear and realistic priorities. Exercise caution in dealings with third parties.

Money Laundering 98

Money Laundering SARS Fincen Financial Crimes 98

Nanonets

FEBRUARY 9, 2024

It also applies to accounting firms, audit agencies, and any third party that a publicly traded company uses in its accounting management process. The act requires companies to develop, publish, audit, and actively use their ICFR. An assessment of how adequate internal controls were for the preceding period.

Audit 52

Audit Risk Assessment Assessments Procedures 52

Neopay

DECEMBER 5, 2024

It also introduces new self-assessment questions and emphasises the importance of senior management accountability. Proliferation Financing (PF) In response to the 2022 changes in the Money Laundering Regulations (MLRs), the Guide now explicitly addresses the need for firms to conduct PF risk assessments.

Financial Crimes 52

Financial Crimes Crime Money Laundering Risk Assessment 52

PYMNTS

NOVEMBER 26, 2018

In addition to assessing how many members of the C-Suite have accounting experience, the researchers looked at other data points, including executive pay, complexity of company finances, financial performance and more. Newton of Florida State University examined data from 3,252 public companies over a 10-year period.

Compromise 51

Compromise Accounts Audit Risk 51

Neopay

NOVEMBER 25, 2024

Annual safeguarding audits conducted by an external auditor, with findings submitted to the FCA. Firms must prepare to: Upgrade systems and processes : Enhanced record-keeping and reconciliation will require operational adjustments. Firms will need to ensure they are audit-ready throughout the year.

Consumer Protection 52

Consumer Protection Consumer Audit Due Diligence 52

The Payments Association

MAY 16, 2025

Merchants should assess exposure, engage with providers, and begin implementation planning ahead of key deadlines. The FCA’s final guidance, issued in April 2025, outlines “reasonable procedures,” including fraud risk assessments, internal controls, staff training, and governance oversight. Why is it important?

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

EBizCharge

JUNE 16, 2025

This valuable information is essential when adjusting to market demands and consumer preferences. Before you even look at providers, take a moment to audit your current setup. Review the provider’s uptime record, understand their approach to incident response, and assess the quality of their customer support.

Payment APIs and Integration 52

Payment APIs and Integration Online and Mobile Banking Volume Transactions 52

Trade Credit & Liquidity Management

APRIL 30, 2025

The key is to assess whether strong periods will generate enough cash to sustain the company through downturns. Flexible Cost Structure: Companies that can adjust costs in response to demand, such as by using temporary labor or scaling back overhead, are better positioned to maintain profitability during downturns.

Adjustments 52

Adjustments Cost Structure Assessments Shutdown 52

FloQast

APRIL 8, 2024

This can impact the company’s stock price and ability to secure financing and increase external audit costs. Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly. Regular internal audits. Documentation and evidence.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Nanonets

APRIL 17, 2024

Journal entries facilitate adjustments to the company's books to reflect transactions that have been recorded by the bank but not yet by the company, or vice versa. Clear and reconciled financial data enable management to assess the company's performance, manage cash flow effectively, and plan for the future.

Reconciliation 52

Reconciliation Adjustments Audit Checks 52

Neopay

JUNE 27, 2024

It is crucial to conduct a thorough assessment of your financial position and ensure that you meet the minimum capital requirements. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

APRIL 24, 2024

Correct or adjust accounting records accordingly. Adjustment Recording :  Adjustments in the accounting system are made to reconcile accounts, such as accounting for bank fees, interest earned, or rectifying errors. Audit Trails : Comprehensive audit trails to track changes and maintain a transparent reconciliation process.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Payments Adjustments 52

Nanonets

MAY 21, 2024

Adjust Ledger Balances: Make necessary adjustments to the accounts receivable ledger to correct any errors or discrepancies. Document Reconciliation: Maintain detailed records of the reconciliation process, including any adjustments made and the reasons for those adjustments.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

The Fintech Times

MAY 16, 2024

According to a new report by the National Audit Office (NAO), the number of telephone calls received by HM Revenue & Customs (HMRC) from customers was down from previous years. HMRC must allow more time for these services to bed in and understand the difference they make before adjusting staffing levels.”

Correspondent 59

Correspondent Small Business Audit Assessments 59

Nanonets

JANUARY 23, 2024

The details contained in the FNOL for insurance claims assist the insurance provider in handling the claim, determining insurance coverage, assessing the extent of damage or loss, and settling the claim on the basis of the terms and conditions of the insurance policy. This accurate data is crucial for claims assessment and analytics.

Automation 52

Automation Settlement Assessments Fraud Detection 52

Nanonets

MAY 21, 2024

Make Adjustments: Record missing transactions and correct errors for accurate balances. Document Process: Maintain detailed records of steps, findings, and adjustments. Proper documentation provides a clear audit trail and facilitates transparency and accountability.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

Stax

FEBRUARY 5, 2024

Common in transportation and logistics, fuel surcharges adjust for fluctuations in fuel prices. Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. Fuel surcharge.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

PYMNTS

SEPTEMBER 29, 2017

In a survey released earlier this year by the American Bankers Association (ABA), analysts found that banks are struggling with the regulations that impact their field — and are adjusting their risk management strategies accordingly. Sixty percent said that internal regulatory examinations include an assessment of risk management practices.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

Trade Credit & Liquidity Management

APRIL 1, 2025

Decisions to extend trade credit are based on an assessment of a company’s financial stability, competitiveness, and desire and ability to pay to the seller’s terms. Critical Factors to Consider Be sure you are comparing companies with an analysis that is both current and audited.

Adjustments 52

Adjustments Accounts Assessments Finance 52

Nanonets

SEPTEMBER 25, 2024

  Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. Adjustments Once the accounting team identifies and explains discrepancies, they make the necessary adjustments. 💡 Best practices:  1.

Process 52

Process AI Best Practices Reconciliation 52

FloQast

JUNE 24, 2024

McKinsey’s research estimates that approximately 50% of work can be automated, leading to: Reduced errors Increased efficiency Enhanced compliance More time for accountants to focus on other high-level tasks Technology like FloQast can reduce the time to close by 30% , the reconciliation time by 38%, and the time for the audit to process by 23%.

Accounts 52

Accounts Procedures Reconciliation Automation 52