For companies facing challenges with their internal control environment or new to the public company ecosystem, identifying and remediating significant deficiencies or material weaknesses in financial reporting requires a strategic approach.
While people and processes remain critical components of effective internal control environments, technology is increasingly emerging as a root cause of internal control challenges. With the U.S. Securities and Exchange Commission recently issuing new cybersecurity disclosure rules, the risks and reporting requirements from a technology perspective are greater than ever before.
RSM US LLP hosted a webinar on Wednesday, Jan. 29, that provided an in-depth exploration of best practices and case studies for remediating significant deficiencies and material weaknesses in financial reporting. The panelists discussed strategies to address technological root causes and shared insights on complying with the SEC's new cybersecurity disclosure requirements to help minimize remediation efforts.