IRS Issues Penalty Relief for Many Taxpayers
The Internal Revenue Service recently issued a notice (IRS Notice 2022-36) that provides broad penalty relief for specified delinquent 2019 and 2020 tax returns. For U.S. taxpayers who qualify, this relief will waive and refund delinquent filing penalties for many who filed their 2019 and/or 2020 tax returns late. Notably, certain penalties for international reporting…
Getting Started with Cyber Security Training
By Darren Hulem, CISA, CEH, Security+, Supervisor and Tom Brown, CAPM, Security +, Senior Risk Analyst TLDR: End user cyber security training is essential for preventing malicious actors from gaining unauthorized access to your organization’s network. Creating a risk-averse organization involves making your staff aware of best-practices for identifying common attacks, like phishing scams. At…
Internal Audit: Preventing Fraud through Travel & Expense Reimbursement Audits
By Kristen Ocampo, CPA, Senior Internal Auditor Travel & Expense (T&E) reimbursement fraud can have a significant impact on your organization. The Association of Certified Fraud Examiners’ 2022 Report to the Nations found the average loss from an expense reimbursement scheme was $152,000. The report, which is based on a worldwide survey of Certified Fraud…
Obtaining Cyber Insurance For Your Organization
By Darren Hulem, CISA, CEH, Security+, Supervisor, IT and Risk & Advisory Services As cyberattacks grow in frequency and complexity, organizations are asking, “Is Cyber Insurance worth it?” The short answer is “Absolutely!” Before contacting an insurance company, we recommend some research and due diligence to position your organization for reasonable rates. Coverages can vary…
Survey Highlights Pace and Complexity of Risks for Nonprofits
Enterprise risk management is becoming more common in the not-for-profit sector, but recent research finds that risk management practices are not keeping pace with the increased complexity of risks for nonprofits. On July 12, 2022, the Enterprise Risk Management (ERM) Initiative at NC State University published the 13th edition of its annual State of Risk…
Tips & Tricks of the Month from Sage Intacct: Customization
A great Sage Intacct tip is that you can customize your account to better suit your organization’s needs, creating a custom workspace that is appropriate and suited just for you. The system allows you to create custom dashboards in order to view the reports that matter most to you in a concise and real-time manner….
Tips & Tricks of the Month from Sage Intacct: Using Notations
An easy way to ensure that an account’s activity is clear to all team members is to create notations in the Financial Report Writer. With Notations, creators can quickly add a column anywhere in a report to provide notes and explanations. You can add notations for multiple accounts in the report or just a single…
IP Reputation: Are You Being Blacklisted?
GRF Cybersecurity Risk Assessment and Scorecard Blog Series Your organization’s reputation can be influenced by a variety of factors including brand image, online reviews, social media presence, customer experience, and more. Each of these elements factors into the overall image of the organization. When it comes to your internet reputation, important elements are different…
Brand Monitoring: Tracking Your Social Footprint
GRF Cybersecurity Risk Assessment and Scorecard Blog Series Have you ever wondered how end users view your company? Is your domain seen as safe and trusted? Is your website optimized? These are just some of the areas that business analytics tools assess to evaluate your brand. Every organization is adapting to the changing digital…
Web Ranking: How Do You Measure Up?
GRF Cybersecurity Risk Assessment and Scorecard Blog Series While web ranking is not necessarily a security concern, having insight into the popularity of your website helps measure the success of ad campaigns, assess visitor engagement with your content, and identify opportunities for growth. Web ranking sites include Alexa, Cisco, and Majestic, and each site…