Manage Third Party Risk with a SOC 2 Audit

Business owners and executives are familiar with the concept of risk management. From managing inventory levels to reviewing insurance coverage to maintain a proper level of protection, it’s a routine business practice

2020-04-22T09:38:32-04:00April 21, 2020|Categories: Audit & Assurance, Consulting, Cybersecurity|Tags: , |

10 Things to Consider When Buying Cyber Insurance

When most people think of cybersecurity and data breaches, large government, financial, and retail entities typically come to mind. Since we tend to only hear of breaches with big-name entities, small businesses tune it out, thinking these are problems only larger organizations experience.

2020-03-17T13:00:00-04:00March 4, 2020|Categories: Cybersecurity|Tags: , |

Cyber Insurance for Small Businesses

When most people think of cybersecurity and data breaches, large government, financial, and retail entities typically come to mind. Since we tend to only hear of breaches with big-name entities, small businesses tune it out, thinking these are problems only larger organizations experience.

2020-03-02T21:28:24-05:00February 21, 2020|Categories: Cybersecurity, Leaders: Cybersecurity and Risk Control|Tags: , |

Fighting Cyber Risk at Clubs

Ask any security expert and they will tell you that it’s not a matter of “if”, but “when” your organization will suffer a cyberattack.  And while you might think a Country Club isn’t a huge target for hackers, the reality is that no organization is safe anymore, particularly smaller entities.

2020-01-23T13:19:56-05:00January 23, 2020|Categories: Cybersecurity, Hospitality|Tags: , , |

4 Things You Should Know About Troubled Debt Restructuring

Troubled Debt Restructuring (TDR) accounting has some of the most difficult accounting rules to interpret, primarily because they are subjective in nature.

2020-08-07T09:11:25-04:00September 22, 2017|Categories: Accounting, Credit Unions, Financial Institutions|Tags: |

What You Should Learn from the Equifax Data Breach

Equifax, one of the three main credit reporting companies, announced last week that the personal information of 143 million people was exposed in a data breach – one of the largest in U.S. history.

2020-03-12T12:28:47-04:00September 13, 2017|Categories: Cybersecurity, Financial Institutions|Tags: |

TDR Accounting: How to Get It Right

Seeing a significant uptick in the number of loan modifications over the past few years, regulators and external auditors alike have been putting increased pressure on credit unions to become compliant with troubled debt restructuring rules.

Many Questions Remain After International Banking Heist

Tesco Bank, a Scotland-based bank and subsidiary of U.K. supermarket giant Tesco, recently blocked all online transactions tied to customers' checking accounts after money was [...]