A timely reminder by the SEC of the importance of management’s and auditors responsibility over risk assessment processes, and the effectiveness of

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A timely reminder by the SEC of the importance of management’s and auditors responsibility over risk assessment processes, and the effectiveness of internal control over financial reporting (ICFR).

Timely, as the SECs Final Cyber ruling is effective the 5th of September. One has to remember the importance of managements role over the oversight and assurance of internal controls, control effectiveness and the impact on financial and now regulatory cyber reporting.

internal controls often present themselves as isolated incidents across an issuer—for example, a data breach in a system not part of Internal Control of Financial Reporting

We will publish a short paper early next week on the SEC final rule, risk management vs cybersecurity and the role management now has for the oversight, assurance and attestation of cyber risk.

Ted Dziekanowski Rachel V. Rose, JD, MBA Bob Dix

#cybersecurity #cyberriskmanagement #soxcompliance

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