Bloomberg: Auditors to focus more on cybersecurity posture

audit, cybersecurity posture, documentation, ImageQuest

Whether you’ve had a breach or not – auditors are increasing their focus on your cybersecurity posture. This is because of the risk that a possible future cyber security event could cause a company’s financial statements to be materially misstated.

An article in Bloomberg Law says this increased scrutiny raises questions on how the risk of a future breach could impact financial statements.

But the article notes that the Public Company Accounting Oversight Board issued a statement saying that “[r]isks remain, however, that future cyber attacks may affect issuer financial statement reporting, and as a result, Inspections staff view this as an evolving risk area that requires ongoing focus.”

You may not be a public company, but if you wish to do business with one, that scrutiny could fall on you as a vendor. The same is true if you have regulated organizations as clients – such as healthcare, or financial services.

Increasingly, strong IT security practices – and the documentation of those practices – is a requirement in the marketplace. If you need help getting your IT security to a competitive level, give us a call!

Referral Program: Earn Rewards With ImageQuest

Apply Now

First Name*
Last Name*
Drop files here or
Accepted file types: jpg, png, pdf, Max. file size: 20 MB, Max. files: 5.

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Enjoy Your Free Download!

    Scroll to Top