article thumbnail

SOX Compliance Guide

Jet Global

The majority of your SOX compliance audit will be spent reviewing internal controls for the purposes of risk management assessment. Improved Risk Management : The focus on internal controls and risk assessment in SOX helps companies identify and manage potential risks more effectively.

article thumbnail

2023’s Top Trends for Finance Teams in Europe, the Middle East, and Africa

Jet Global

Similarly, in a survey conducted by PwC , 75% of CFOs in the EMEA region stated that they were concerned about the lack of specialized skills in their finance teams, particularly in areas like data analytics and financial modeling. This is particularly worrying given the increasing layers of global finance regulation. Request a demo today.

Finance 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

insightsoftware Ranks in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions

Jet Global

To be considered, product capabilities must include close management, financial consolidation, financial statement reconciliation and journal entry processing. Optional capabilities include financial reporting risk management and disclosure management.

article thumbnail

What is a Data Pipeline?

Jet Global

The key components of a data pipeline are typically: Data Sources : The origin of the data, such as a relational database , data warehouse, data lake , file, API, or other data store. This can include tasks such as data ingestion, cleansing, filtering, aggregation, or standardization.

article thumbnail

Board Report Best Practices

Jet Global

management satisfaction. Reflection on how these KPIs can be improved or sustained going forward can also be an element to include in the report. Compliance Risk Management. A board report may contain information related to this and detail how the company is dealing with any existing exposure to legal penalties.

article thumbnail

Top 5 Trends Impacting Finance Teams in 2024

Jet Global

2024 is an important year for ESG initiatives as there has been an increase in mandatory ESG disclosures like the Corporate Sustainability Reporting Directive in Europe and the SEC’s proposed rule to disclose emissions and risk management practices for US-based organizations.

Finance 52
article thumbnail

Agility for Strategic Decision-Making: A Finance Team Imperative

Jet Global

Other related tasks that saw big jumps in prioritization for finance were “management of company’s investments,” “internal risk management,” and “short-term business strategy,” all of which carry strong strategic importance. Disclosure management (up 13 percent from 67 percent in 2021 to 80 percent in 2022). Download Now.

Finance 52