FixNix Blog

Human resource security - defining roles and responsibilities

Apr 18, 2018 3:19:30 AM / by Shanmugavel Sankaran posted in fixnix

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A7. Human resource security

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If you believe being compliant is costly, try being non-compliant.

Apr 4, 2018 3:21:41 AM / by Shanmugavel Sankaran posted in fixnix, cybersceurity

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Objective:

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Shanmugavel Sankaran, FixNix Inc., accepted into Forbes Technology Council

Mar 20, 2018 11:56:50 AM / by Shanmugavel Sankaran posted in fixnix, forbes, forbes technology council, founder, Shanmugavel sankaran

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Shanmugavel Sankaran, Founder FixNix Inc., a disruptor of award winning most innovative regTech company of the world, has been accepted into the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs and technology executives.

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General Data Protection Regulation (GDPR) Explained

Feb 20, 2018 1:44:38 PM / by Shanmugavel Sankaran posted in fixnix, GDPR, GDPR Breach Notifications, GDPR compliance, GDPR Financial penalties, General Data Protection Regulation, Increased fines, The right of access, 000, 4% of annual global turnover, compliance, compliance management system, data privacy, €20, explicit consent required, faster reporting, not out, Opt in, Personally Identifiable Information, PII, privacy

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FDIC Part 370 Rule: Recordkeeping for Timely Deposit Insurance Determination

Feb 20, 2018 12:20:36 PM / by Shanmugavel Sankaran posted in FDIC, Federal Deposit Insurance Corporation, Regtech

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In April 2017, FDIC introduced the “Recordkeeping for Timely Deposit Insurance Determination” rule (Part 370) requiring insured institutions with more than two million deposit accounts to configure their systems to be capable of calculating the insured and uninsured amount in each deposit account by ownership right and capacity by April 2020.

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Robotic Process Automation for Compliance

Feb 17, 2018 10:58:01 PM / by Shanmugavel Sankaran posted in fixnix, Robotic, robotic process automation, RPA, automation, cognitive automation, compliance, process

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According to KPMG, three classes based on the level of automation:

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Public Company Accounting Oversight Board (PCAOB) Audits

Feb 12, 2018 10:07:20 AM / by Shanmugavel Sankaran posted in fixnix, Accounting, Oversight Board, PCAOB, Public Company, Public Company Accounting Oversight Board

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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 (“CAMs”) and the disclosure of auditor tenure. These changes are intended to make the auditor’s report more informative.

https://www.sec.gov/news/public-statement/clayton-statement-pcaob-new-auditor-reporting-standard

Post-Implementation Review

 Post-implementation review is an important component of high-quality economic analysis of regulatory decision-making. The PCAOB has established a program under which the staff of the Office of Economic and Risk Analysis conducts post-implementation reviews of PCAOB rules and standards.

The objective of the post-implementation review program is to look back at significant rulemakings, after a reasonable period of time has passed, to evaluate the overall effect of the rule or standard. This includes:

  • Evaluating whether a rule or standard is accomplishing its intended purpose, as identified in the rulemaking release;
  • Identifying, wherever possible, costs and benefits; and
  • Identifying unanticipated consequences, either positive or negative.

https://pcaobus.org/EconomicAndRiskAnalysis/pir/Pages/default.aspx

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

Feb 2, 2018 8:47:03 AM / by Shanmugavel Sankaran posted in fixnix, GDPR, General Data Protection Regulation, data privacy, EU, european union, privacy

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Found this interesting GDPR countdown clock by one of the many riding the Europe Union regulation General Data Protection Regulation

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How not to do Disaster recovery ?

Jan 31, 2018 12:16:18 PM / by Shanmugavel Sankaran posted in fixnix, Business continuity planning, Disaster recovery

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Found this as advise under internet for "Disaster Recovery Plan Goals and Objectives"

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Does Enterprise India care for whisteblowers ?

Jan 27, 2018 4:53:02 AM / by Shanmugavel Sankaran posted in SAAS, SEBI, SEC, Securities and Exchange Board of India, Securities and Exchange Commission, securities regulation, sexual harrasment, Whistle blower, whistleblower, Blog, Corporate Governance, Dodd Frank, employee matter, equinix, ethicspoint, non compliance, Regtech

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India has thought about it

but implementation ? who cares...

Following are some key highlights of changes in clause 49 and its differences from requirements of Companies Act 2013. Overall framework for Corporate Governance Revised clause 49 lays down overall framework or objectives of requirements of clause 49 and companies are expected to interpret and apply those provisions in alignment with the principles. Key components of those framework are

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