Here you’ll find our opinions, viewpoints and rants. But don’t forget to add your comments – good or bad – on anything you like or loathe. We value your feedback.
In Protiviti’s latest survey of the state of play with SOX, over half of the largest public companies reported their SOX related external audit costs rose again in 2017.
Why is this?
They put it down to a number of reasons, from new accounting standards, to external auditors investing in the latest technology.… Read MoreRead More
Deloitte have recently released an interesting report in relation to the 15 year anniversary of Sarbanes Oxley. While anniversaries are usually an opportunity to celebrate and reflect on accomplishments. Instead of celebration, the 15-year reflection was met by several observations from management:
• The cost of compliance is too high
• Internal Control over Financial Reporting (ICFR) programs lack modernization
• Regulators continue to focus in ICFR
Management is also challenged by Management Review Controls (MRC), spending time and resources to address continued control deficiencies, significant deficiencies or material weaknesses and answer questions from auditors to meet regulatory expectation
We thought we would put together a brief synopsis of the message they extrapolated – exploring how management can refocus their internal control lens related to MRCs by providing insights around pillars of success, common challenges, and how world-class organizations are modernizing and renewing their focus into the ICFR program.… Read MoreRead More
We recently hosted a discussion around Smart Analytics and its transformative effect on the Purchase to Pay Cycle, as one of the big 3 technologies. It was a stimulating discussion, sharing our experience from over 15 years of working with customers and our cutting edge research into the role of AI, RPA and Smart Analytics.… Read MoreRead More
Maximising the value from your existing Infor enabled controls monitoring & attestation processes
With a team of experts with 15 years’ experience as a company on this topic, and up to 25 years plus individually, we have been asked countless times to share best practices, insights, “what good looks like” and specific recommendations to get the most out of your investment in risk, controls and compliance processes, organisation, skills and technology.… Read MoreRead More
It was a privilege to be asked to speak recently at the European Shared Services Leaders’ Summit held in London on 15th and 16th March.
This conference, delicately nurtured, tended and moderated by SharedServicesLink was a case study in how to facilitate information and experience exchange between Executives.… Read MoreRead More
The governance of End-to-End Processes and the related discipline of Global Process Ownership (GPO) have become hot topics for management over recent years. GPOs are popping up all over the business, with a strong centre of gravity in the Finance and Shared Services functions.… Read MoreRead More
Every year we are all inundated with various pundits’ views of what’s in store for the new year. We are only 5 days into 2018 and already we have digested enough of this to give us festive indigestion.
So we thought we would try and take our own medicine, simplification and standardisation – as we do with processes, systems, policies and procedures…this is our attempt influenced by our own and our clients experiences from around the world.… Read MoreRead More
Goals, plans, intent and intellect simply aren’t enough – ‘nailing it shut’ is the hard, final yards of any activity. Organisational shifts are built in part on Insight, Vision, Strategy, and Leadership. But equally importantly, maybe more so, they are built on execution.… Read MoreRead More
Many of our customers have been investing in Consider Solutions for several years, at the critical nexus of finance processes, risk, control & compliance and ERP/IT enablement.
Your business is evolving. There are market-driven cycles that are affecting all industries. There is a greater need for business agility to respond to change and influence change, fast.… Read MoreRead More
In September SharedServicesLink hosted their 2017 Global Process Owner (GPO) and Process Excellence Summit.
It seems only yesterday that I participated in the North American GPO Summit (my findings were summarised here) so I thought I should share some perspective on what has developed after 5 months!… Read MoreRead More