In the latest episode of Cherry Bekaert’s Risk & Accounting Advisory podcast series, Neal Beggan, is joined by Steven Ursillo and Dan Sembler, both partners in our Information Assurance & Cybersecurity practice. During this episode they discuss the many benefits of Service Organization Control (SOC) 2 reports, such as security insights, gaining customer trust and risk management, and how those benefits bring value to a company. Listeners will also discover how to prepare for SOC 2 and what to expect during a SOC 2 report, as well as the different types of SOC 2 reports. Tune in to lear ..read more

In the latest episode of our Risk & Accounting Advisory podcast, the second of a two-part series, Nate Regimbal, Digital Advisory New Practices & Solutions Leader, joins Sam Halaby, Senior Manager in Risk Advisory, and Dan Gallagher, from the Firm’s Information Assurance & Cybersecurity practice, to discuss Anti-Money Laundering Model (AML) Testing & Monitoring best practices. Their conversation provides insight into conducting model testing, the importance of ongoing monitoring and how to perform ongoing monitoring. This episode provides an outline of the AML Validation compon ..read more

In the latest episode of our Risk & Accounting Advisory podcast, Neal Beggan, Risk Advisory Leader, and key leaders from Cherry Bekaert’s Risk Advisory SOX practice, Yani Diaz and Peyton Black, discuss SOX “hot buttons” to look out for as 2023 comes to an end. Their conversation delves into auditor reliance, Public Company Accounting Oversight Board (PCAOB) audit standards and changes in SOX regulatory compliance.   Listeners will learn about: How PCAOB regulations and auditor reliance testing affect your business How new SEC regulations and ESG reporting overlap with SOX What compan ..read more

The latest episode of our Risk & Accounting Advisory podcast begins the first of a two-part series where Nate Regimbal, Digital Advisory New Practices & Solutions Leader, joins Alan Swan, Digital Advisory Managing Director, along with Audrey Magennis and Dan Gallagher from the Firm’s Information Assurance & Cybersecurity practice, to discuss Anti-Money Laundering Model (AML) Validation and Optimization best practices. Their conversation illuminates the importance of using a methodology, data capture and execution within the context of AML optimization and Validation. This episode p ..read more

In the latest episode of our Risk & Accounting Advisory podcast, Neal Beggan, Risk Advisory Leader, and key leaders from Cherry Bekaert’s Risk Advisory SOX practice, Gareth Montague-Smith and Peyton Black, discuss the concept of SOX “Lite,” a controls diagnostic service for smaller or private companies that can help prepare companies to go public, help remediate material weaknesses or significant deficiencies, provide efficiencies for companies facing difficult audits and more. Their conversation analyzes what type of client would benefit from a SOX “Lite” program and how the service is pe ..read more

In the latest episode of our Risk & Accounting Advisory podcast, Neal Beggan, Risk Advisory Leader, and key leaders from Cherry Bekaert’s Risk Advisory SOX practice, Gareth Montague-Smith and Peyton Black, discuss the concept of offshoring and some key considerations for companies evaluating whether to use the offshore ability of their service providers. Their conversation analyzes key considerations from both the client’s and service provider’s viewpoint. Listeners will learn about: Key considerations for offshoring and potential benefits from both the service provider and the client’s ..read more

In today’s digital age, it’s imperative to manage your organization’s data for policies, procedures and best practices to maintain the system integrity and performance. On this episode of the Risk & Accounting Advisory podcast, join Neal Beggan, Partner and Cherry Bekaert’s Risk Advisory Practice Leader, and Alan Swan, Managing Director and Risk & Data Management Leader, as they dive into data management and emerging technologies, their institutional impacts and how banks provide a unique customer experience, while remaining competitive in the marketplace. They explore how digitization ..read more

As SEC filers prepare for the 2023 SOX compliance reporting season, public companies must evaluate their organization’s internal controls, policies and procedures, and IT systems, including user access reviews. Another common issue surrounds significant and unusual transactions, understanding the risks, and designing and testing controls to offset those potential risks. On this episode of the Risk & Accounting Advisory podcast, Neal Beggan, Partner and Risk & Accounting Advisory Leader, welcomes two of the practice’s Managing Directors, Gareth Montague-Smith and Peyton Black. Together ..read more

Following a previous Risk In Review podcast episode on Sustainability in Business and the Future of ESG, Neal Beggan, Leader of the Firm’s Risk Advisory practice, and Ved Gupta, our Risk Advisory guest, outline considerations if you are starting the corporate sustainability journey and establishing a long-term ESG program. Together they identify where to start in the ESG program, define its purpose, explain the components of a well-designed ESG program and finally highlight key pillars to ensure an ESG program is fully integrated within an organization’s business strategy.   If you have q ..read more

On this episode of the Risk & Accounting Advisory podcast, we continue the Risk In Review series as we explore internal audit plans and a few common mistakes that often occur during the development of the annual internal audit plan.  Establishing a sound audit plan and internal controls framework can ensure your organization is protecting against fraud and misuse, creating organizational efficiency, financial stability, integrity, and meeting any regulatory compliance requirements. Our risk professionals examine all aspects of internal audit planning including when to start planning ..read more