UHY Advisors’ internal controls experts help companies establish effective internal control over financial reporting. We use a top-down, risk-based approach to implement a cost-effective compliance program.
We are adept at identifying risk, identifying the key controls, identifying gaps in controls and working with management on reasonable solutions to solve control gaps.
We have assisted hundreds of companies:
UHY Advisors convened a roundtable discussion among financial services industry professionals on Thursday, June 16th to explore the implications and causes of recent cyber bank heists. The roundtable, “Lessons Learned from Cyber Bank Heists,” launched UHY’s Financial Services Roundtable series and included compliance, risk management, internal audit, and technology managers from some of the world’s largest banks and financial services firms.
Earlier in the year we reported an increase in email phishing and spoofing scams this tax season. Recently, the Milwaukee Bucks made headlines when an employee leaked player financial information.
As consumers and businesses have begun receiving new credit and debit cards with shiny embedded microchips (known as EMV technology), many are unaware of the liability shift that occurred in 2015. As of October 2015, merchants that are not certified to accept EMV card transactions may be responsible for certain fraudulent charges, a change from standards that previously existed where the liability rested solely with the card issuer. Estimates indicate 94 percent of magnetic-only credit cards will be replaced by the end of 2016. As a result, businesses that accept credit cards face a dramatically different landscape compared to just a few short months ago.
IT security is a growing threat for businesses of every type and no organization is safe. While information security risks have been around for a long time (several Civil War battles were decided by details obtained by the enemy), today they bring with them challenging complexities and costly ramifications for businesses.
Due to the recent flooding in southeast Michigan, many businesses and individuals may be facing the loss or destruction of tax records. In the event of an IRS examination, the burden is on the taxpayer to prove any deductions claimed