Talking sense about the audit committee
What are the responsibilities of the audit committee of the board? The audit committee is established by and among the board of directors for the primary purpose of assisting the board in:
Finance and Accounting
Vendor master file blunders caused a $2.7M loss
Vendor master file blunders caused a $2.7M loss for a company whose insurer refused to cover most of the loss. At the root of the loss was the company's inadequate response to a phishing email. A few simple best practices could have prevented the loss.
IIROC guidance: work from home arrangements and registration of business locations
Given the move to more permanent work from home (WFH) arrangements by some dealer firms, the Investment Industry Regulatory Organization of Canada (IIROC) recently published Guidance on WFH arrangements.
