Risk Management: Page 11

  • Team of consulting auditors auditing the financial report data of the company (balance sheet, income statement) on computer screen with business charts, fintech
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    NicoElNino
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    Internal audit leaders need to hire more tech-savvy accountants: IIA

    Companies hiring for internal audit need to prepare for disruption from new technology such as artificial intelligence and robotic process automation, IIA said.

    By • April 29, 2024
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    Courtesy of U.S. Bank
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    Rising geopolitical worries, war drive CFO hedging, US Bank says

    The threat of geopolitical tensions is a growing worry for finance leaders while concerns about inflation have eased, a U.S. Bank study found.

    By • April 26, 2024
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    lorozco3D via Getty Images
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    Trendline

    Compensation: solving the cost-talent puzzle

    In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

    By CFO Dive staff
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    Hiraman via Getty Images
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    ‘Quantum advantage’ may boost businesses $2 trillion by 2035: McKinsey

    The federal government has stepped up investment in quantum technologies, more than doubling research and development spending since 2019.

    By • April 26, 2024
  • A businessperson hands a colleague a paycheck.
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    AndreyPopov via Getty Images
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    Companies cut salary budget increases to 3.6%, trim promotions: Mercer

    Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.

    By • April 25, 2024
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    OlyaSolodenko/iStock via Getty Images
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    Stubborn inflation to keep rates ‘higher for longer’: Fannie Mae

    Economists have marked down their estimates for the number of quarter-point cuts to the federal funds rate from as many as six to one or two.

    By • April 23, 2024
  • SEC headquarters
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    "U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
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    High Court ruling eases blow of SEC’s new cyber rules: analysts

    The court’s decision in Macquarie Infrastructure Corp. v. Moab Partners makes it harder for plaintiffs to bring claims based on omissions in SEC filings.

    By • April 23, 2024
  • DOJ voluntary self-disclosure pilot program
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    Bo Shen via Getty Images
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    HeadSpin founder Lachwani sentenced to 18 months in prison for fraud

    The former CEO of HeadSpin — ordered to pay a $1 million fine — faces a July hearing focused on compensating bilked investors.

    By • April 22, 2024
  • DOJ voluntary self-disclosure pilot program
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    Bo Shen via Getty Images
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    CEOs, CFOs can’t get non-prosecution agreement under DOJ pilot

    Criteria released by the Department of Justice April 15 lets corporate executives know if they stand a good chance of avoiding charges for coming forward with misconduct allegations.

    By Robert Freedman • April 19, 2024
  • Programming scripts on laptop monitor, unauthorized remote hacking of server
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    Motortion via Getty Images
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    NSA sounds alarm on AI’s cybersecurity risks

    Malicious actors on the hunt for sensitive data or intellectual property may be attracted to attack vectors unique to artificial intelligence, the NSA warned.

    By • April 18, 2024
  • IRS Commissioner Daniel Werfel.
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    Alex Wong via Getty Images
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    Werfel sees IRS budget request yielding $341B in extra revenue

    The IRS chief testified to a Senate committee after Republican lawmakers secured a $20-billion cut to the agency’s budget.

    By • April 17, 2024
  • Computer keyboard with key marked "insurance."
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    sodafish via Getty Images
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    Cyber insurance gaps stick firms with millions in uncovered losses

    An analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.

    By • April 17, 2024
  • Header image for "Fed Shows Resolve to Hit 2% Inflation Goal, Raises Rates Again"
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    Getty Images via Getty Images
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    Powell: Inflation data deny Fed ‘greater confidence’ needed to cut rates

    The Fed chair is just one of many policymakers who, in the face of persistent price pressures, has voiced no urgency in reducing borrowing costs.

    By • April 16, 2024
  • President Joe Biden hands Vice President Kamala Harris a pen used to sign an executive order at the White House.
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    Chip Somodevilla via Getty Images
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    70% of CEOs feel ready to deliver on responsible GenAI

    The intense focus on safe and ethical GenAI use comes as the technology’s rapid rise is prompting scrutiny from governments around the world.

    By • April 16, 2024
  • In this photo illustration, the welcome screen for the OpenAI "ChatGPT" app is displayed on a laptop screen on February 03, 2023 in London, England. OpenAI,
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    Leon Neal / Staff via Getty Images
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    ChatGPT grabs the shadow IT crown: report

    Generative AI tools emerged as the latest villain in the enterprise battle to curb SaaS bloat and rationalize software portfolios, Productiv analysis found.

    By Matt Ashare • April 16, 2024
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    Rasi Bhadramani via Getty Images
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    Opinion

    The CFO’s role in curbing third-party cybersecurity risk

    With vendor-related cyber risks spiking rapidly, the stakes are too high for CFOs to treat the issue as merely an IT concern, writes cybersecurity consultant AJ Yawn. 

    By AJ Yawn • April 16, 2024
  • The interior of a busy shopping mall.
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    benimage via Getty Images
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    Retail sales surge as economy enters Q2 spurred by spend-happy consumers

    After the release of the retail sales data, the Federal Reserve Bank of Atlanta upgraded its estimate for the annualized rate in first quarter GDP growth to 2.8% from 2.4%.

    By • April 15, 2024
  • Digital code data numbers and secure lock icons on hacker's hands working with keyboard computer on dark blue tone background.
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    Techa Tungateja via Getty Images
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    Cyberattacks pose biggest business threat, small companies say

    Small businesses in professional services are more concerned about cyber risk than those in manufacturing or other services, the U.S. Chamber of Commerce said.

    By • April 12, 2024
  • close up of dollar bills
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    Gordan1 via Getty Images
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    Inflation outruns forecasts, prompting market bets on fewer Fed rate cuts

    Futures traders cut from 56% to 17% the odds that the Fed will conclude 2024 having trimmed the main rate by more than a half percentage point.

    By • April 10, 2024
  • A silhouetted shot shows construction workers laboring in hot conditions.
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    SonerCdem/iStock/Getty Images Plus via Getty Images
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    Hiring will likely grow even as economy slows in Q2, Q3: Conference Board

    Employment will likely remain strong as the supply and demand for labor gradually come into better balance, economists said.

    By • April 9, 2024
  • Microsoft Headquarters in Redmond, Washington.
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    Stephen Brashear via Getty Images
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    Nation-state actors drive up cyberthreats

    Microsoft and Hewlett Packard Enterprise are among companies that have recently reported high-profile cyber intrusions attributed to nation-state actors.

    By • April 9, 2024
  • Rendering of digital data code in safety security technology concept.
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    iStock/Getty Images Plus via Getty Images
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    Companies fall short on curbing cybersecurity risks from vendors: Moody’s

    Cyberrisks are mounting, with artificial intelligence likely to increase the threat of attack in the short to medium term, Moody’s said.

    By • April 8, 2024
  • Image of magnifying glass and the word audit beneath it.
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    Olivier Le Moal via Getty Images
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    Deploying AI in accounting poses 12 audit risks: CAQ study

    CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.

    By • April 5, 2024
  • IRS
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    Chip Somodevilla via Getty Images
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    IRS warns of ‘Dirty Dozen’ worst tax scams to avoid

    The Internal Revenue Service is once again flagging the pandemic-era employee retention credit as a tax claim that it is closely watching.

    By • April 4, 2024
  • Federal Reserve Chair Jerome Powell.
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    Scott Olson via Getty Images
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    Powell calls recent inflation, job data high but not game changers for Fed

    The central bank must balance the risks of easing monetary policy too early or too late, Powell said.

    By • April 3, 2024
  • The exterior of a U.S. Bankruptcy Courthouse.
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    GussWilder for iStock via Getty Images
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    Commercial Chapter 11s jump 43% even as distress outlook eases

    Bankruptcy filings have risen for 20 months. The pace wasn’t sustainable in today's strong economy, American Bankruptcy Institute’s Chris Ward says.

    By • April 3, 2024