Saneel Amin

Thank you Jon Taber, CPA, CIA, CFE, CFF , Robert Berry , and Tracie Marquardt CPA for putting me in the hot seat! Listen to the episode and let me know your thoughts in the comments. #internalaudit #audit #agile #agility

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Exciting news in governmental financial reporting! GASB has approved Statement No. 103, bringing key updates to Statement 34. Find out about the major revisions and effective dates in our detailed article. Be prepared for this significant new standard! #GASBUpdate #GovtAccounting #ReaCPA

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Following auditor guidance can help companies refine Sarbanes-Oxley Act (SOX) Section 404 programs to navigate risks, streamline operations, and more. Attend our webcast on May 2nd to learn more.

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Your internal audit team is vital to your corporation. Making sure they are best equipped to develop and execute a fraud audit plan will help to ensure that your risk of fraud is identified and minimized. Don't start from scratch. Learn more here #FraudAudit https://hubs.li/Q02s45Yn0

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An amazing discussion around using email auditing techniques in a recovery audit was led by Jenna Corsini Poland CPA, MBA at Audicon. Check out the link below to the session on the Auditec Solutions, Inc. YouTube channel!

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Protiviti’s Deepti Verma explores how the increased focus on fraud, in part due to the new proposed standards by the IAASB, may trickle down to work performed by internal auditors. Read more from Internal Audit 360.

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Did you know that during the last round of OCR audits, only 17% of the Business Associates audited were found to be meeting their regulatory responsibilities under HIPAA by conducting a Risk Analysis? Are you confident that your organization is taking the necessary steps to safeguard ePHI? Let's work together to ensure data security and HIPAA compliance! Visit https://lnkd.in/gnrZcrZq to learn more and schedule time with an expert! #ePHI #DataSecurity #Compliance #RiskAnalysis

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Just out: KPMG's Mid-year Look Forward on the "Ten Key Regulatory Challenges of 2024." Regulatory intensity has led to record financial remedies, with $5B marking the 2nd highest amount in SEC history. KPMG Regulatory Insights helps provide a clear understanding of the evolving regulatory landscape. https://bit.ly/4bXFLfc #KPMG #RegulatoryInsights #RiskManagement

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In this article from Forvis Mazars, get details on #GASB Statement 103, which updates requirements for management’s discussion and analysis, unusual and infrequent items, proprietary fund statement, component unit, and budget presentation. State and local government leaders should be aware of the effort involved in applying these changes for financial statements.

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It was a privilege collaborating with John Polcari and Jim Thomas to analyze the October 2023 DCAA and DCMA audit guidance on cost impact calculations for unilateral cost accounting practice changes. Please reach out if you have any questions or would like to discuss our analysis / perspectives in more detail. #governmentcontracts #governmentcontractors #governmentcontracting

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Are you prepared to show auditors how you comply with Whistleblower Protection Rights? New emphasis will be placed on contractors to show how they comply. Check out our blog on the topic and how to prepare.

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The expanding responsibilities of audit committees have presented finance leaders with packed agendas and new challenges. Controllers and CAOs play a crucial role in educating boards on emerging concerns and priority topics like cybersecurity, materiality determinations, AI, and talent shifts. Read for more unique insights on these focus areas. #audit #auditcommittee #controller #cao https://dy.si/uTT2VQ

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Good read

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What is Design Thinking? Could it help your organization? Find out how Protiviti uses it to help clients build net new applications and modernize legacy systems.

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Internal controls are not just for compliance; they also reduce the 'opportunity' risk in the pressure, opportunity, rationalization fraud triangle. "...For example, in one wire transfer in February 2022, Yi wired himself $100,000. Yi falsified that month’s bank account statement by removing the transaction entirely. In total, Yi stole $26.5 million from the company. ..." When is the last time you reviewed your internal controls structure through a different lens? #governance #trustbutverify #erm #coso #forensicaccounting

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😬 The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. According to the SEC’s order, of 369 BF Borgers clients whose public filings from January 2021 through June 2023 incorporated BF Borgers’s audits and reviews, at least 75 percent of the filings incorporated BF Borgers’s audits and reviews that did not comply with PCAOB standards. The SEC’s order further finds that, at Benjamin Borgers’s direction, BF Borgers staff copied workpapers from previous engagements for their clients, changing only the relevant dates, and then passed them off as workpapers for the current audit period. The workpapers falsely represented that both Benjamin Borgers, as the partner in charge of the engagement, and an engagement quality reviewer had reviewed and approved the work. I can’t even put into words what I am thinking after reading this…

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