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SOC 2 reporting is used to assess how service organizations protect customer data. Kevane Grant Thornton's advisory team can help streamline your organization’s controls and processes to protect your brand's reputation and build trust.

If you are looking for alternatives to expand your current operations or investment opportunities, now is the time to bring Puerto Rico at the front and center. The benefits of establishing, relocating or expanding businesses in Puerto Rico are, without a doubt, attractive and rarely surpassed by any other jurisdiction.

In September 2015, the United Nations introduced an ambitious and transformative global agenda known as the Sustainable Development Goals (SDGs). Adopted by all 193 UN member states, these 17 interconnected goals aim to address pressing global challenges, such as poverty, inequality, climate change, environmental degradation, and peace and justice, by 2030. The SDGs represent a call to action to create a more equitable and sustainable world. Countries worldwide have been making commendable efforts to implement the SDGs. Take, for instance, Sweden, a frontrunner in sustainability, which is actively reducing carbon emissions and embracing renewable energy sources. This European country is aiming to have zero net emissions of greenhouse gasses into the atmosphere by 2045.

You didn’t go into business to manage cybersecurity. Still, your business needs to manage cybersecurity if it manages data — and almost every business manages data.

To effectively use and control data, businesses need effective data governance. The journey to effective data governance requires each business to identify its unique considerations, roles and rules that inform its principles of value and security.

Strategies for Deploying Model Risk Management.

In the recent events between Ukraine and Russia, the government and private organizations observed an increase in cybersecurity attacks that has been mostly used to target organizations in Ukraine and that may spread to other countries.

As organizations streamline and adapt, the once-distant promise of business automation is delivering real results and defining tomorrow’s top competitors.

When you’re trying to stay a step ahead of ransomware attackers, adjusting your organization’s cybersecurity profile can start to seem like an endless game of whack-a-mole.

When you can quickly forecast liquidity and be agile, you will help your organization see its runway during a crisis - a critical area to understand - and anticipate when you might run out of cash.

The FASB recently issued ASU 2021-08, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, creating an exception to the recognition and measurement principles in ASC 805, Business Combinations.

Mergers and acquisitions require a mix of strategic and tactical work – cybersecurity is usually an item on the tactical list.

Internal controls have traditionally been viewed as a requirement to avoid regulatory, legal and external audit/examination consequences. Rarely they are seen as a strategy for building business value and consumer confidence.

The critical role of internal audit in cloud security.

Third party resources, components, and goods are critical for many organizations to deliver consistent and high-quality performance. But it is hard for these organizations to form a complete picture of their third-party risk and compliance exposures, given the complexity of third-party ecosystems and shifting requirements for compliance and reporting.

In this issue we review the smaller reporting company redefined by the SEC.