Author Archive for: hussain
Entries by hussain
6 Risk Management Methods to Reduce the Inherent Risk of Cryptocurrency
Cryptocurrency is here to stay and executives must be smart about the risks posed and manage accordingly. This article looks at 6 risk management methods in which the high inherent risks of cryptocurrency can be reduced and thus install more confidence and trust in the currency transactions. The methods are wide ranging and, if applied […]
IAASB proposes audit risk assessment standards revision
The International Auditing and Assurance Standards Board (IAASB) has moved to update its standard on audit risk assessments, to take into account developments arising from IT. In an exposure draft for the proposed International Standard of Auditing 315 (revised) (ISA-315), the IAASB said that as IT has become the medium through which a significant amount […]
5 Inherent Risks of Cryptocurrency
Understand the risks associated with cryptocurrency, both from a currency and a business perspective. A defining feature of a cryptocurrency, is that is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. In order to understand the risks of cryptocurrency, one must first understand the features of the platform […]
Internal Controls And Automation: Interactive Research Insight
The Financial Executives Research Foundation (FERF) surveyed nearly 200 senior-level financial executives about automating Internal Controls Over Financial Reporting (IFCR). Big Companies Plan to Automate ICFR While Smaller Companies On The Technology Sidelines. Read More
What Blockchain Means For The Future Of Accounting Practices
While I haven’t been an accountant for as long as some seasoned financial professionals, I have been in the game for long enough to see trends come and go. I have witnessed the tail end of the subprime mortgage crisis and have heard stories from veterans about the dot-com bubble in the late 90s. One […]
Sustainability Accounting Standards Board: What Boards Need to Know
ESG (Environmental, Social, & Governance) is one of the fastest growing issues on the minds of institutional investors; however, studies show that the concern for ESG isn’t always shared by today’s corporate directors. Not only can sustainability be hard to measure, but boards have historically struggled to understand how it ties to the bottom line. […]
Regulators challenge financial services boards on ‘operational resilience’
The regulators say an operational disruption such as one caused by a cyber-attack, failed outsourcing or technological change could impact financial stability by posing a risk to the supply of vital services on which the real economy depends, threaten the viability of individual firms and FMIs, and cause harm to consumers and other market participants […]
5 GDPR-related mistakes businesses are already making
We’re only weeks into the GDPR, and already companies all over the country have misinterpreted and misunderstood the legislation, or just simply buried their head in the sand when it comes to getting compliant. Read more
