Government Agencies Fight to Regulate Cryptocurrencies

regulating-cryptocurrency

News headlines continue to discuss the popular topic of cryptocurrencies. Whether it’s bitcoin or blockchain, the emerging technologies and concepts continue to impact and complicate the business world.

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The Do’s and Don’ts of Bridge Letters (SSAE 16 Reporting)

You finally received your SOC 1/SSAE 16 report, only to realize that your coverage does not cover the entire year. So what happens in the remaining months of the year beyond the coverage of the report? Is it necessary that you receive another report to cover the remainder of the year? Does your previous report […]

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CFPB, the Automotive Industry, Technological Services and Beyond

Who needs to be prepared for the CFPB exam and who does it affect? The Consumer Financial Protection Bureau (CFPB) Exam is an extensive audit to supervise consumer finance markets including: Banks Credit unions Financial agencies Debt collection agencies However, financial institutions are not the only ones that need to be prepared in the event […]

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How SOC Audits Can Help Save on Errors & Omissions Insurance

As many companies look to reduce costs, one cost that continues to rise as the company grows is Errors and Omissions (E/O) insurance premiums. Both company liability and personal liability of the board of directors and owners is a topic that continues to be a focus of litigation. One of the ways a company can […]

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Nine Payroll Pain Points

 Dr. Daniel Selby, PhD, CPA, CISA has written a whitepaper for A-LIGN entitled, “Nine Critical Payroll Pain Points and What Payroll Professionals Should Do About Them?”  An excerpt from Dr. Selby’s summary on LinkedIn:

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Vendor Due Diligence & Contract Review: Getting Your Regulatory & Compliance Requirements in Order for the New Year

Most people make their New Year’s resolutions on New Year’s or just after it.  But when it comes to regulatory and compliance requirements, all companies should be looking to make their resolutions in the fall.  Take a cue from retail.  As we walk through a mall, it’s not even Thanksgiving but the holiday decorations are […]

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Risk. Regulatory. Revenue: The A-LIGN R3 Framework

  You’ve seen the news reports:  56 million debit and credit cards used at Home Depot are at risk from a security breach that happened last month.  An estimated 40 million debit and credit card records were stolen from Target last year.  If security breaches can happen to these multi-billion dollar companies, it can happen […]

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Does Your SOC Report Address Subservice Organizations Using the Carve Out or Inclusive Method?

By: Peter Clarke, Managing Consultant at A-LIGN A subservice organization is an entity that is used by the service organization to perform some of the services provided to customers (user entities).  An example of a common service provided by a subservice organization would be a company that offers their data center to a cloud provider […]

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7 New COSO Updates that Impact Your SSAE 16 Report

By: Scott Price, Managing Partner of A-LIGN The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released an updated version of its “Internal Control – Integrated Framework” in May, 2013. The changes are a progressive move to align its framework with today’s business operating environment, much like the change from SAS 70 to SOC 1/SSAE […]

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5 Benefits of Annual Compliance Reports

By: Scott Price, Managing Partner of A-LIGN As a leading provider of assurance, security, and compliance services, A-LIGN is often asked why clients should or should not have an annual examination performed. Below is a list of the (5) five benefits we have found that provide the most value for our clients when considering the annual […]

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