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Best Practices for Payroll Internal Controls

Reciprocity

At the very least, these payroll tasks should be segregated: Timesheet approver Payroll processor Paycheck signer and issuer Payroll tax preparer Payroll Audits Regular payroll audits can minimize the chance of fraud due to buddy punching or ghost employees. A dedicated payroll account also simplifies audits.

Audit 52
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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Increasingly, financial services supervisory authorities are seeking to ensure that the third parties that are supporting a firm’s important business services meet all resilience requirements. The DORA broadens the oversight framework to include information sharing, better audit access, and guidance on retrospective analysis.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

A bottom-up approach occurs when teams are issue spotting via speaking up about issues that they are encountering, control testing, or remediating audit findings. Deploy incident management to direct teams’ responses to incidents . For more information on Fusion’s solutions, contact your Account Manager or request a demo today!

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

The regulation is intended to make compliance obligations less confusing and provide greater security for consumers by creating unified standards for third-party risk monitoring, performance, and auditing. . The DORA is landmark legislation that is the first of its kind that focuses on how regulated entities manage their ICT risk.

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PagerDuty Announces New Automation Enhancements That Simplify Operations Across Distributed and Zero Trust Environments by Joseph Mandros

PagerDuty

No problem: Runbook Automation and Process Automation can now authorize orchestration of automation steps in remote environments as if they were local, and allows incorporation of many environments in the same job definition. Compliance audits?

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VMware vs. OpenStack: Choosing the Right Cloud Management Solution

Pure Storage

From Horizon, administrators can provision VMs, manage storage, configure networks, and monitor overall cloud health. Identity management: Keystone is OpenStack’s identity service, which handles authentication, authorization, and service discovery.