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Thursday, December 14, 2017
 
     
 
COMPLIANCE
 
The challenge of keeping up with, and achieving industry or regulatory compliance with the many accounting and information technology security and control requirements can be daunting.
 
Companies operating within regulated industries, as well as service providers are often required to meet the many Government and industry standards, all of which pose significant compliance challenges, such as:
   
Sarbanes-Oxley (SOX),
Internal Audit,
Payment Card Industry Data Security Standards (PCI),
Health Insurance Portability and Accountability Act (HIPAA),
Federal Information Security Management Act (FISMA),
Federal Financial Institutions Examination Council (FFIEC), and
The American Institute of Certified Public Accountants (AICPA) SSAE16 (SOC1) and Service Organization Controls 2 (SOC2).
   
For small and emerging businesses, compliance represents even greater challenges as resources and funding is focused on business operations and security and control requirements are often exhaustive. For service providers achieving compliance is often a minimum requirement for doing business with large customers, and in all cases becomes a marketing advantage.





     
     
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