News & Views

Demystifying SOC reports: what, why & how?

With investors, clients and even their auditors now seeking evidence of a strong system environment and control framework from firms as well as assurance regarding financial processes, Service Organization Controls (SOC) reports (also known as ISAE3402, SSAE16 or even SAS70 reports in old money) can prove to be a much needed tool in a firm’s armoury. In fact, if used properly, SOC reports can not only provide confidence and help to build long-lasting relationships, they can also help give you a competitive advantage.

GDPR: the impact on financial services businesses

Throughout the history of financial services, data has always been the lifeblood of the sector. Now in the digitally interconnected world in which the sector exists the need for proper use, management and optimisation of such data has never been greater.
Against this backdrop, the EU has approved the highly anticipated General Data Protection Regulation (GDPR) to take account of the rapid increase in the use of data and how our behaviour towards personal data usage have changed over the last 22 years, since the launch of the last EU Directive in 1995.

Supply chain management – business interruption risk

You may need to use water but you can prevent holes in your pipes and leaks in the system by managing your plumbing system. The same is true of supply chain management. When was the last time you reviewed your supply chain and the various tiers which support your operation? Man-made disaster, natural disaster, international terrorism and socio-political disturbance can all interfere with your business and its ability to make a profit.

Autumn Statement 2016: real estate and construction realities

Having allocated £7.2bn to support the construction of new homes, including spending by housing associations, it was a clear message in an Autumn Statement that overall lacked detail. Housing is the Government’s priority moving forwards, receiving more funds than any other key national infrastructure, but what else did Chancellor Philip Hammond announce to support the industry?
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