To some extent, all business functions are responsible for managing risks. However, certain departments have direct responsibilities in risk management, such as Internal Audit, Enterprise Risk Management (ERM), and Fraud Risk Management. Integrating and fostering collaboration between these functions can result in more effectively addressing risks and protecting against fraudulent activities. This is particularly critical…
June 12, 2023 GRF CPAs & Advisors (GRF) Senior Manager, Mac Lillard, CPA, CITP, CFE, CISA, CRISC, was honored for his significant contributions to the accounting profession at the 2023 American Institute of CPAs (AICPA) & Chartered Institute of Management Accountants (CIMA) Engage conference last week in Las Vegas. He received AICPA’s 2023 Technology Advisory…
Expense reporting platforms have simplified the review and approval processes, making it easier to submit documentation for payment. However, this convenience can also lead to less stringent review of submitted documents and opportunities for changing electronic receipts. As a result, organizations need to implement best practices to reduce the risk associated with these reporting systems….
Do you know if an employee is stealing from your company? Quite often, the first hint of a problem comes from an insider tip. Having a comprehensive whistleblower program in place is a powerful early warning mechanism for identifying potential fraud or misconduct. If you have an internal audit function, you already have the tools…
Does your organization know all the third-party vendors who access and manage data on your behalf? In the event of a disaster, any gaps in responsibilities, security, and communications prolong the outage of business operations, so it’s better to identify and eliminate these gaps now before a disaster happens.
Combined capabilities provide clients with a robust anti-fraud program April 17, 2023 – GRF CPAs & Advisors (GRF) is pleased to announce a new strategic partnership with Whistleblower Software, an industry-leading system that empowers employees to report fraud at their organization in confidence. This powerful tool enables GRF clients to quickly establish a whistleblower program…
Developing and maintaining a third party risk management (TPRM) program can help to reduce the overall risk to your organization. What is TPRM? In short, it is the process of analyzing and mitigating risks associated with working relationships with outside entities. These parties can include everyone from contractors providing janitorial services to suppliers of a…
Cybersecurity is always changing and evolving as threats grow. Here are ideas that you can start on today that will help reduce your risk and improve your cybersecurity posture: 1. Require Multi-Factor Authentication Having multi-factor authentication (MFA) is essential for granting access to confidential data. It helps to reduce the risk of credential loss and…