Accume Partners is pleased to share the most up-to-date banking industry news and information with our clients through our monthly newsletter, eFocus on Banking.
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This Month's Focus...
This month’s feature article by Gerald Stussy, CPA – Accume Partners’ Director – provides a comprehensive overview of recent developments in the SOX 404 arena for non-accelerated filers, including advice for smaller, community banks on how to take charge of the SOX 404 effort at your institution to stay ahead of the compliance curve, and to avoid common material-weakness pitfalls.
 

 

Better operational-risk management for banks, The McKinsey Quarterly
Banks with robust approaches to managing operational risk can often take on and succeed in businesses that others are unable or unwilling to accept. By focusing on three areas – new risks, the routine business practices that permeate companies, and the culture that surrounds these practices.
Hurdling the Execution Gap, Risk Management
Why is it so hard for even successful companies filled with very smart people to align their objectives with their activities when it comes to altering operations? Here are common hurdles and the best solutions for how any organization can better position itself to successfully execute change.
Enterprise Risk Management and Technology Spending, Wall Street & Technology
Risk management and compliance requirements continue to increase and overlap. The translation of regulatory requirements into tasks and activities creates a portfolio of projects at the activity block level. When analyzed, the activity portfolio can yield areas of commonality and allow for the development of a portfolio implementation plan, rather than a project implementation plan, and enable sequencing and prioritization of activities.
Disaster-Proofing Your Contact Centers, Risk Management
It is imperative to take effective measures to protect your customer contact centers and the services they provide before a disaster threatens or strikes.
 

High Risk of Control Weaknesses Common in Financial Reporting Cycles, CRM Today
A recent revealed 92% of all public companies use spreadsheets for critical accounting activities in their revenue reporting processes, increasing the likelihood of compliance failures and financial restatements.
Does Compliance Have a Silver Lining? Enterprise
Enforcement of best practices delivers performance and reliability gains for the network. Daily configuration checks identify devices with non-compliant configurations, so that problems can be rectified before they affect performance, availability or security.
Small Biz Sits Out Sarbanes-Oxley, TheStreet.com
For all the complaints about the costs to small businesses of complying with the internal-controls provisions, indications are that those are the companies in most need of scrutiny, according to corporate and accounting watchdogs.
Graduate-Degreed Compliance Execs, eWeek
There are no shortage of job opportunities for IT people wishing to specialize in compliance. The need for security, risk management , and compliance specialists has put executive-level information security officers in great demand.
Audit fees for SOX compliance on rise, InvestmentNews
Despite predictions that audit fees associated with the Sarbanes-Oxley Act would fall, the cost of corporate governance compliance continues to get more expensive for public companies.
  
 
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