General Data Protection Regulation (GDPR) Explained

  The General Data Protection Regulation (GDPR) is new EU legislation that comes into force on 25th May 2018 and will apply to businesses of all sizes operating in EU. GDPR Financial penalties – Increased fines Penalties for not conforming to the legislation will increase under GDPR, creating a bigger risk for businesses. Under the existing Data Protection Act, security breaches could be met with a maximum fine of £500,000.…

Robotic Process Automation for Compliance

According to KPMG, three classes based on the level of automation:  Class 1: Basic process automation  Class 2: Enhanced process automation  Class 3: Cognitive automation addresses transactional work activities that are rules-based and primarily repetitive in nature. This includes screen-scraping, macros, incorporating workflows and basic design capabilities. enables the recognition of unstructured data and aids in adapting to the business environment. enables decision support with the help of advanced decision algorithms, the evolution of these tools…

Public Company Accounting Oversight Board (PCAOB) Audits

The Public Company Accounting Oversight Board (“PCAOB” or “Board”) plays an important role in capital markets as an independent audit regulator. The PCAOB’s work furthers the public interest, including the protection of investors, through its oversight of the preparation of independent audit reports. On 23 Oct 2017, the Commission approved a PCAOB rule that requires significant enhancements to certain public company audit reports, including the communication of critical audit matters…

GDPR May 25, Just 111 days. Are you ready ?

Found this interesting GDPR countdown clock by one of the many riding the Europe Union regulation General Data Protection Regulation There are hajar (1000 in hindi) guys trying to ride on this bus, including all our SaaS industry friends, leaders. But for my limited understanding this is just one another compliance. People are so much brouha about it because of the fines in term of revenue if found non-compliance. Have seen…

How not to do Disaster recovery ?

Found this as advise under internet for “Disaster Recovery Plan Goals and Objectives” Reduce Overall Risk Maintain and Test Your Disaster Recovery Plan Alleviate Owner and Investor Concerns Restore Day-to-Day Operations Comply with Regulations Rapid Response People have completely got it mixed up with Business Continuity and Disaster Recovery. Will write blogs in the coming week about the difference between both. May be this is partially a good pic to…