End-to-end transaction monitoring is difficult because of a lack of shared transaction IDs across systems, the high volume of daily transactions, and the complexity of transactions in industries like SaaS. These issues can be addressed through data reconciliation platforms and account reconciliation software.

Financial data governance is the process of managing financial data to ensure its accuracy, completeness, and compliance with regulations. Key challenges include manual processes, data accuracy issues, system integration problems, lack of real-time detection, and compliance hurdles.

The Public Company Accounting Oversight Board (PCAOB) has issued a new quality control standard, QC 1000, that will significantly impact the way audit firms conduct audits, particularly for publicly traded companies.

Corporate embezzlement, the theft of company assets by trusted employees, can cripple businesses. This podcast explores the signs of embezzlement, including unauthorized financial modifications and suspicious one-time changes. Learn about preventative measures like technology safeguards, employee education, and strengthening finance and HR collaboration.

This episode explores the transformative impact of AI on financial auditing, driven by new regulations like those from the PCAOB, which are driving the adoption of AI in auditing. Learn how these technologies automate data analysis, improve accuracy, and reduce costs for firms of all sizes

Is your finance team being left behind in the age of data? The way we handle finances is evolving, with complete data visibility becoming mission-critical. Join us as we explore the pitfalls of outdated systems and data sampling, and how continuous monitoring and automation can revolutionize financial operations, ensuring accuracy, regulatory compliance, and strategic decision-making.

Artificial Intelligence is rapidly changing the landscape of the financial world, automating tasks, providing real-time insights, and even detecting fraud. But is it all smooth sailing? This episode explores the multifaceted impact of AI on finance, examining both its revolutionary benefits and potential risks.

Financial Data Governance (FDG) ensures the integrity, accuracy, and completeness of an organization’s financial data. We discuss essential FDG elements, the importance of creating a single source of truth, and how AI-powered solutions like Safebooks AI automate processes, improve accuracy, and enable real-time compliance. Tune in to discover how to unlock the potential of your financial data.