Although Artificial Intelligence (AI) has been around since the late 1950s, it has been out of the public’s attention. It wasn’t until late 2022 when Open AI released ChatGPT for public use that AI captured the public’s attention and renewed interest in the technology. Bloomberg predicts the AI market to explode from a $40 billion […]
Obtaining a SOC 2 report requires an investment of both time and money for a service organization and, at some point, might seem like more work than it’s worth. However, the advantages to obtaining a SOC 2 report far outweigh the initial investment.
The cloud computing on-demand model of compute power, database, storage, applications, and other IT resources accomplishes a variety of tasks. It reduces barriers, creates flexibility, and increases speed to market. The benefits of the cloud mean that organizations must seriously consider the cloud to perform business. Whether your organization is new to the cloud or […]
Organizations are continuously challenged in preparing for and performing an audit. Audits are commonly performed in large blocks of effort and treated like a project. Significant time and resources are often allocated to audit projects. To make things more challenging, audits are often time-bound and must be completed by a specified date. Additionally, audits are […]
Simply put, yes, blockchain companies should be audited. Many organizations rely on blockchain companies to perform key services in support of the user organization’s operations. Those services may include, but are not limited to, processing financial transactions, including crypto and Non-Fungible Tokens (NFTs), sharing medical data, supply chain, and logistics monitoring, and administration and execution […]
Blockchain technology is changing the way businesses around the world operate and provide services. Blockchain is currently most known for its association with cryptocurrencies, most notably, Bitcoin. The use of blockchain extends beyond cryptocurrencies as use cases flourish and major companies invest in blockchain technology. With new integrations and solutions in development, blockchain will disrupt […]
The client/auditor relationship is unique and strange. Basically, your organization is paying someone to look at your highly confidential information (e.g. financials, systems, processes, and controls) to provide an opinion on that information. I’m sure you’re already aware, but the opinion is not meant for the client, but rather for the readers of the audit […]