The five Cs of credit is a system used by lenders to gauge the creditworthiness of potential borrowers.
The process of building a sustainable, comprehensive internal control environment sufficient to comply with section 404 of the Sarbanes-Oxley act of 2002 (SOX) requires a significant investment of organizational resources.
One of the scariest moments for any organization is an IRS examination, particularly when the IRS is questioning whether the organization has strayed outside of its exempt purpose.
In order to start the process of managing risk, one must first ask the question, “what risks am I willing to take?” or in other words “what is my risk tolerance?”
Compliance training refers to the process of educating employees on laws, regulations and company policies that apply to their day-to-day job responsibilities.
Governance, Risk and Compliance, or GRC for short, refers to a company’s coordinated strategy for managing the broad issues of corporate governance, enterprise risk management (ERM) and corporate compliance with regard to regulatory requirements.
In the business world, risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in a decision making. Learn more in this article.
Every business faces risks that could present threats to its success. In this Month until June, we will tackle all about Risk Management.
Whether your business is a start-up or a multi-national firm, a certified financial statement is essential. A compiled financial statement is a cost-effective approach in providing a certified statement to banks, funders, and other stakeholders.
A reviewed financial statement is less costly than audited financial statements and may be an alternative for organizations that have bank financing or bonding requirements. Read more to learn about reviewed financial statements.