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Highlighting Recent Cyber-Related Financial Losses, the SEC Urges Public Companies to Revisit Internal Accounting Controls - The Protiviti View
Even the best-intended internal controls are only as effective as the degree to which they are designed and executed. According to a recent FBI report, failure to adhere to payment and reconciliation controls has cost companies more than $5 billion over the past five years. In addition, a recent cyber threat investigation by the U.S. …