VISTA InfoSec

JULY 17, 2024

Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak. Create a clear policy document that outlines every step of your cybersecurity plan. Outline regular audit processes to check compliance with these policies.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 billion) in cash, the Financial Times reported.

Accounts 116

Accounts Audit Procedures Processors 116

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

MAY 8, 2023

If not, it may be time to rework your current accounting policies to implement audit trails. Despite what many business owners believe, audit trails aren’t reserved only for companies that receive an audit. Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies.

Audit 52

Audit Disaster Recovery Procedures Reconciliation 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

DECEMBER 9, 2024

The strides that Artificial Intelligence (AI) has made across various industries have been well documented. Fraudsters can employ generative AI to simulate entire conversations, impersonate trusted contacts, or create fake documents that pass through verification systems undetected.

Privacy 88

Privacy Payment Security AI Security 88

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. Testing Procedures Broad testing, looking at system settings, monitored files, etc. audit log security principles are mostly unchanged. Testing procedures align with updated access language. Similar emphasis on policies and procedures.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

VISTA InfoSec

JANUARY 29, 2024

b Conduct interviews with staff responsible for Requirement 5 to ensure that the roles and duties are allocated as per the documentation and are comprehended. a Review policies and procedures to confirm that it is mandatory for anti-virus software and definitions to be kept current. . -> 5.1.2.a evaluations.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

Nanonets

JANUARY 1, 2024

In this blog, we'll delve into what invoice audits entail and why they are crucial for the financial integrity of businesses. What is an Accounts Payable Audit?    An Account Payable Audit is a process by which the financial records of the accounts payable department are examined by an auditor.

Audit 52

Audit Automation Compliance Verification 52

VISTA InfoSec

JULY 31, 2023

Create a Formal Procedure : Establish a standardized process for restricting network access by configuring rules and criteria for your firewalls and routers. Maintain Documentation of Your Procedures : Keep a record of your process and create visual representations of cardholder data streams between systems and networks.

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130

VISTA InfoSec

JANUARY 22, 2024

Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.1 Minimize cardholder data storage by implementing policies, procedures, and processes for data retention and disposal. Confirm this by examining data stores, system settings, and vendor documents.

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

VISTA InfoSec

OCTOBER 26, 2023

SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The SOC framework includes multiple internal control audit reports. Now let’s examine the key differences between SOC and SOX audits. It applies to all U.S.

Audit 130

Audit Compliance Laws Governance 130

PYMNTS

MAY 16, 2018

SOC 2 was developed by the American Institute of Certified Public Accountants (also known as AICPA) and exists as an auditing process aimed at ensuring that service providers maintain and manage customer data in a safe manner. The onus is on the firm to produce proof that such procedures were followed.

Audit 46

Audit Procedures ISOs Security 46

PYMNTS

APRIL 24, 2019

Wirecard has denied claims levied by the Financial Times that its subsidiaries were not audited, according to a report by Reuters. The FT , using a whistleblower as a source, said that Wirecard’s accounts in Card Systems Middle East in Dubai were not audited in 2016 and 2017.

Audit 46

Audit Procedures Origination Digital Payments 46

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

Fi911

JUNE 9, 2025

These systems create audit trails and reduce successful impersonation attempts. Institutions need clear escalation procedures that bypass normal channels. Local FBI offices and Secret Service units specialize in financial crimes, but they need quick notification and comprehensive documentation.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

Neopay

DECEMBER 16, 2024

These documents highlight both exemplary practices and areas requiring improvement, offering invaluable guidance to ensure firms meet regulatory expectations and deliver positive outcomes for consumers. Robust processes: Established procedures for report production, involving relevant business areas and governance bodies.

Consumer 52

Consumer Compliance Audit Governance 52

Nanonets

AUGUST 1, 2023

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

Audit 52

Audit Risk Assessment AI Assessments 52

VISTA InfoSec

NOVEMBER 12, 2024

Incident response : SaaS businesses need a documented incident response plan that details how to handle a data breach if one occurs ( Requirement 12.10 ). This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Incident response : SaaS businesses need a documented incident response plan that details how to handle a data breach if one occurs ( Requirement 12.10 ). This includes preparing for potential threats, training staff on response procedures, and regularly testing the response plan ( Requirements 12.10.1 and 10.2 ).

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Nanonets

JULY 28, 2023

The modern business landscape is characterized by an overwhelming amount of information and documents that organizations must contend with. The global production, capture, copying, and consumption of data from various documents has been experiencing exponential growth. What is document workflow management? zettabytes.

Disaster Recovery 52

Disaster Recovery Automation Procedures Compliance 52

FloQast

NOVEMBER 20, 2023

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks.

Audit 40

Audit Automation Risk Assessment Assessments 40

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Strengthening KYC procedures is critical, ensuring that verification extends beyond master account holders to individual vIBAN end users.

IBAN 88

IBAN AML Master Account Due Diligence 88

Nanonets

MAY 22, 2023

Financial controls are the procedures, policies, and means by which an organization monitors and manages its revenues, costs, budgets, cash flow, and other financial aspects. These documents provide a holistic view of your business's performance and operations. What are financial controls, and why are they important?

Automation 98

Automation Procedures Audit Process 98

VISTA InfoSec

FEBRUARY 16, 2024

The requirement mandates that software development procedures must be documented and examined to ensure that all security considerations are integrated into every stage of the development process. This ensures a clear documentation trail of security practices. PCI DSS v3.2.1 PCI DSS v4.0 Requirement 6.5 is now 6.2.2. PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Nanonets

JUNE 27, 2023

Traditional paper-based documents can be cumbersome to handle, store, and retrieve for businesses daily, leading to inefficiencies and productivity bottlenecks. Yet documentation and its management are integral to any company’s workflow. This is where document digitization comes into play. What is document digitization?

Product 52

Product Disaster Recovery Automation Compliance 52

Nanonets

JULY 11, 2023

To ensure the effectiveness of purchases controls, organizations must document and assess their control mechanisms through a comprehensive test of control. Evaluating the effectiveness of purchase controls requires thorough documentation and testing to ensure that they are designed appropriately and operating effectively.

Procedures 40

Procedures Audit Mitigation Assessments 40

VISTA InfoSec

SEPTEMBER 28, 2023

Appoint an Independent Data Auditor: The Significant Data Fiduciary shall appoint an independent data auditor to carry out a data audit. Conduct the Data Protection Impact Assessment (DPIA) and Audits: The Significant Data Fiduciary is responsible for implementing the following measures: (Clause 10 (2) (c), DPDP Act).

Audit 130

Audit Privacy Data Breach Breach 130

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

VISTA InfoSec

OCTOBER 21, 2024

Develop and implement policies and procedures Developing and implementing policies ensures everyone knows what to do to keep data safe, no matter the language they speak. Create a clear policy document that outlines every step of your cybersecurity plan. Outline regular audit processes to check compliance with these policies.

Cybersecurity 147

Cybersecurity Compliance Encryption Best Practices 147

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Interview those in charge: do these accounts follow these strict procedures?

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

FICO

MARCH 24, 2021

Trade finance has traditionally been a resource-intensive manual process because global trade still depends on paper documents, making it susceptible to documentary fraud. Document, document, document! (In Conducting internal monitoring and auditing. million SARs filed overall during the same period.

Money Laundering 98

Money Laundering SARS Fincen Financial Crimes 98

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). This could imply more efficient auditing via online financial software that allows for remote audits. Master the basics of accounting.

Audit 130

Audit Accounts Finance Compliance 130

Neopay

MARCH 14, 2024

This includes proposals on firms’ systems and controls and improving FCA oversight through improved reporting and independent audit of firms safeguarding arrangements. Identification of Funds Auditors will be expecting to see documentation covering how and when relevant funds arise in your business, including transaction flows.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

Stax

MARCH 18, 2025

A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks. Look for a solution provider that offers clear documentation and integration support to reduce the time and effort needed to configure the system.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Neopay

JANUARY 2, 2024

Why are internal controls, such as policies and procedures, critical for organisations in ensuring compliance with financial regulations? Policies and procedures form a key part of effective governance within any firm. Equally, documented internal processes are crucial to ensuring that all activities are streamlined and up to date.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59