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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.

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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.

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What is Account Reconciliation?

Jet Global

Risk management – Regular reconciliations provide visibility into financial transactions and activities, enabling businesses to monitor for potential risks, such as errors in recording, unauthorized transactions, or inadequate segregation of duties, and implement corrective measures to mitigate these risks.

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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.

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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.

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

Jet Global

The European Banking Authority (EBA) found that banks in the EMEA region were struggling to recruit finance experts with expertise in risk management, compliance, and financial reporting. Request a demo today. This is particularly worrying given the increasing layers of global finance regulation.

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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.

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