7 episodes

Cherry Bekaert’s podcast for risk and accounting advisory services where we discuss developing trends and market dynamics as well as tips that could impact your business.

Cherry Bekaert: Risk & Accounting Advisory Cherry Bekaert LLP

    • Business

Cherry Bekaert’s podcast for risk and accounting advisory services where we discuss developing trends and market dynamics as well as tips that could impact your business.

    Examining the Differences Between SOX 404a and 404b

    Examining the Differences Between SOX 404a and 404b

    Understanding which statute your company falls within is important as a significant impact on the level of effort management and the external auditor must incur to comply.

    On this episode of the Risk & Accounting Advisory’s Risk in Review podcast, we honor the 20th anniversary of the Sarbanes-Oxley Act (“SOX”) and explore the differences between SOX 404a and 404b, outline the nuances and exceptions for companies to comply with the second year 404b attestation requirements, as well as examine 404a through management’s perspective. Finally, our SOX leaders touch on IT general controls and companies involved in a SPAC deal and the distinctions relating to this unique situation. 
    For more information on the SOX 404 a or 404b approaches, visit cbh.com/risk and also check out our published articles on the 2022 Sarbanes-Oxley SOX Compliance Considerations for Public Companies, Filing Status and ICFR Compliance Considerations for SPAC and IPO Transactions and the Are You Ready For Enhanced Cybersecurity SEC Reporting Requirements?  Podcast.

    Related Podcasts in the Risk In Review Series
    2022 SOX Section 404 Considerations & Summer PlanningThird-Party Risk Management and How It Can Add Value and Drive Success Within Your OrganizationWhat is Risk Analytics and Why Is It Important?Taking a Closer Look at the New SEC Cybersecurity Proposed Rule Changes and its Potential Impact on Companies

    • 10 min
    Risk In Review – SOX 404 Considerations & Summer Planning

    Risk In Review – SOX 404 Considerations & Summer Planning

    Our Risk & Accounting Advisory podcast takes a bird’s eye view of the latest SOX 404 considerations public companies must consider as they wrap-up their first quarter filings and move into the summer. Keeping people, process, and technology at the forefront, we examine a few of the focus areas looking at business and operational considerations as companies begin the planning process for the second half of the 2022 SOX year.
    Related Information:
    For more information on SOX compliance or how your company can be prepared, assess overall trends and benchmarking in the SOX regulatory landscape and stay in compliance and proactively tackle any current or prior year issues, visit cbh.com/risk and check out our recently published article on the 2022 Sarbanes-Oxley SOX Compliance Considerations for Public Companies.

    • 11 min
    Third-Party Risk Management and How It Can Add Value and Drive Success Within Your Organization

    Third-Party Risk Management and How It Can Add Value and Drive Success Within Your Organization

    On this episode of the Risk & Accounting Advisory podcast, we are tackling the topic of Third-Party Risk Management (“TPRM”) in our Risk-In-Review series. This series provides informative content in a five-question format. Future episodes will include topics like Sarbanes-Oxley compliance, ESG, IT, Enterprise Risk Management, Financial Services Consulting and much more.
    We begin our discussion by defining TPRM as it pertains to an overall enterprise risk management framework. Then, we delve into the increased regulatory focus on TPRM due to external pressures like COVID-19, remote work environments, etc. 
    We also look the benefits and challenges of implementing or transforming a business’ TPRM framework. There are a myriad of considerations and barriers to understand, which all starts with clear roles and responsibilities, as well as engaging all levels of an organization, including Executive management and your Board. Each organization is unique and requires an integrated approach across all operational areas of the business. 
    Finally, we examine the impending TPRM guidelines set forth by Office of the Comptroller of the Currency and the recent bulletin released by the Consumer Financial Protection Bureau.
    Cherry Bekaert’s Risk Advisory practice is focused on helping our clients protect value, power performance, and build resilience with mature internal controls. We do this by leveraging technology to mitigate financial, operational, and compliance risks using purpose-built risk management solutions that cost effectively diagnose, mitigate, and monitor risk.
    If you would like to learn more about Third-Party Risk Management and how your business can implement a sustainable TPRM program to deliver on short and long-term goals aligning with regulatory expectations, reach out today.

    • 12 min
    Risk In Review – Risk Analytics

    Risk In Review – Risk Analytics

    We are launching a new series in our Risk & Accounting Advisory podcast, called Risk In Review, where we cover risk topics in a five-question format. Episodes will include topics like Sarbanes-Oxley compliance, IT, Enterprise Risk Management, Financial Services Consulting and more.
    We begin this episode’s conversation by defining what is risk analytics, before tackling how organizations can increase value to certain departmental functions and discover its importance in driving better decision making, monitoring internal controls, gaining insights into transaction behavior, and increasing test coverage.
    We also explore costs associated with integrating risk analytics into business processes, as well as drawing alignment with available resources, tools, and skillsets to help achieve results. 
    Finally, this Risk In Review podcast covers a success story that explains how good risk analytics shapes a company, providing strategies for more streamlined operations and powerful, timely decision-making.
    Cherry Bekaert’s Risk Advisory practice is focused on helping our clients protect value, power performance, and build resilience with mature internal controls. We do this by leveraging technology to mitigate financial, operational, and compliance risks using purpose-built risk management solutions that cost effectively diagnose, mitigate, and monitor risk.

    • 20 min
    What is Accounting Transformation & How is it Changing Business?

    What is Accounting Transformation & How is it Changing Business?

    On this episode of the Risk & Accounting Advisory podcast, our Accounting Transformation professionals explain what it means for organizations as they grow or expand, navigate routine or complex transactions, adopt regulatory changes, or are simply looking to mature or optimize existing operations. 
    We start the conversation by defining the key components to success accounting transformation: discussing organizational & department structure, systems and alignment, and accounting cycles and processes. We walk through the five-step maturity model to optimize business, as well as looking at accounting software systems integration and optimization. 
    Finally, the podcast covers a real-world example of a success story and the process by which the company went through to transform their approach to physical inventory counting, costing, and tracking.
    Cherry Bekaert’s Accounting Transformation practice is focused on technology-driven solutions for building foundational accounting needs, optimizing processes, and designing advanced digital controllership functions, which increases productivity, reduces costs, and improves reporting. 

    • 12 min
    Taking a Closer Look at the new SEC Cybersecurity Proposed Rule Changes and its Potential Impact on Companies

    Taking a Closer Look at the new SEC Cybersecurity Proposed Rule Changes and its Potential Impact on Companies

    On this episode of the Risk & Accounting Advisory podcast, our guests cover the latest on the proposed rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and cybersecurity incident reporting by public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934. 
    We begin discussing the everchanging threat landscape and its impact on the SEC’s proposed rule change, which was released on March 9, 2022. Our Cybersecurity and SEC compliance professionals also covered the background and history on the proposed rule change as it relates to SOX Compliance, and what exactly the proposed amendment means, and how proposed regulations may impact Management and a Company’s Board.
    Finally, the podcast covers the important items of how to get ready or be ready with regards to compliance, with a well-designed cyber assessment and generally, what this proposed rule means for companies preparing for SOX compliance or for those companies that have complied for years.
    Now is the time to prepare!

    • 25 min

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