Cherry Bekaert: Risk & Accounting Advisory Cherry Bekaert

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 learn more about:
The value of SOC 2 and potential benefitsHow a SOC 2 report differs from a SOC 1 examinationThe components of a SOC 2 report and how to prepareOther Relevant Guidance
A Comprehensive Guide to SOC 2 Reporting: Webinar RecordingThe Impact of a SOC 2 Report on Your Organization Value and Customer RelationsA Guide to Understanding Service Organization Control (SOC) ReportsQuestions? Contact Us
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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 components a financial institution should review to ensure the accuracy of the AML data and alerts, and compliance with regulatory requirements.
Listeners will learn about:
What to focus on during set-up and validation of model-testing and the aspects of each testing areaWhy ongoing testing is important and how to perform periodic testingThe key limitations of Anti-Money Laundering Models Related Resources 
Anti-Money Laundering (AML) Model – Part 1Podcast: Data Management Best Practices for Financial InstitutionsRegulatory Compliance Digest | September 2023 Questions? Contact Us 
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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 businessHow new SEC regulations and ESG reporting overlap with SOXWhat companies can do to prepare for coming SOX & PCAOB changesRelated Resources 
Podcast: Data Management Best Practices for Financial InstitutionsPodcast: “SOX Lite” Compliance ServicesExamining the Differences Between SOX 404a and 404bButton: Questions? Contact Us
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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 provides an outline of the AML Validation components a financial institution should review to ensure the accuracy of the AML data and alerts and compliance with regulatory requirements.
Listeners will learn about:
The importance of establishing validation and optimization methodologies for Anti-Money Laundering ModelsHow to create, document and execute an effective validation frameworkCurrent regulatory guidance and State level requirements for Anti-Money Laundering Model validationRelated Resources 
Podcast: Data Management Best Practices for Financial InstitutionsRegulatory Compliance Digest | September 2023Regulatory Compliance Digest | August 2023Questions? Contact Us
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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 performed.
Listeners will learn about:
Why a company might need “SOX Lite” compliance services How the service is implemented and how it differs from a traditional SOX programPotential benefits to the companyOther Relevant Guidance
2023 SOX Compliance Reporting: How to Prepare & Lessons LearnedExamining the Differences Between SOX 404a and 404bAre You Ready for Enhanced Cybersecurity SEC Reporting Requirements?View All Podcasts from this Series

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 perspective.Establishing a formalized process for reviewing deliverables, scheduling and training.Identifying the right projects and tasks (e.g., high volume and low-risk control testing) to offshore strategically, so that your onshore and offshore teams succeed.
Other Relevant Guidance
2023 SOX Compliance Reporting: How to Prepare & Lessons LearnedExamining the Differences Between SOX 404a and 404bDriving SOX Compliance: Cannabis Licensed Operators Embarking on a SEC Compliance JourneyAre You Ready for Enhanced Cybersecurity SEC Reporting Requirements?Questions? Contact Us
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