The EU’s GDPR is Applicable to US Companies. Is Your Organization in Compliance?
By Darren Hulem | Network Administrator Auditor GDPR, also known as General Data Protection Regulation (EU) 2016/679, was a regulation passed by the European Union (EU) in 2016 aimed at data protection and privacy for individuals within the EU. Enforcement, which began on May 25, 2018, has the potential to affect companies outside of the…
Forensic Auditing and Artificial Intelligence Help Detect Fraudulent Activity
Fraud prevention is one of the most important aspects of an effective organizational risk management strategy. According to the Association of Certified Fraud Examiners (ACFE) 2018 Report to the Nations, there were 2,690 cases of occupational fraud, resulting in $7+ billion in total losses over 125 countries and 23 industry categories. Within the Religious, Charitable,…
Internal Audit is a Critical Investment for Nonprofit Organizations
By their nature, tax-exempt entities are under extraordinary scrutiny. With the IRS, external auditors, donors, watchdogs and stakeholders all analyzing their finances, nonprofit organizations must implement effective internal controls that decrease the likelihood of fraud, accounting mistakes or other inappropriate accounting practices that could impact the organization’s finances and reputation. Many organizations who have established…
Vulnerability Scanning and Penetration Testing Offer Tools for a Strong Security Posture
By Darren Hulem | Network Administrator Auditor In the movies, hackers sit in front of a computer typing a few lines of code and suddenly they have access to all of the victim company’s systems. While cybercrime does not happen like it is portrayed in the movies, it has become a common theme in recent…
Your Accounting Function Can Become an Organizational Asset with an Accounting Systems Assessment
By: John Pace, CPA, CVA | Partner and Director of Outsourced Accounting and Advisory Services Despite adding accounting staff and implementing new software products, many organizations struggle with significant challenges related to their accounting function. Even with adequate resources and effective leadership, they may still experience issues with providing accurate reports, timely closing of the…
Keeping Your Nonprofit’s Technology Modern, Safe and Cost-Efficient with an IT Audit
For smaller or start-up nonprofits, infrastructure elements like information technology (IT) are often small and uncomplicated allowing the greatest flexibility and economy. The bad news is that while the organization is saving money, aging IT systems lack critical security features as well as the strategic and functional advantages enjoyed by peers who have prioritized IT…
Leveraging an IT Assessment Can Protect Nonprofits from Cybercrime
“Cybercrime keeps climbing” was the key finding of the 2016 Global Economic Crime Survey recently completed by PwC. In fact, the survey results show cybercrime “jumping from 4th to 2nd place among the most-reported types of economic crimes.” While organizations are embracing new ways to make their operations digital for efficiency and effectiveness, criminals are…