Tag Archives: PwC

Social media a boon for businesses, but creates security quagmire


English: Infographic on how Social Media are b...

English: Infographic on how Social Media are being used, and how everything is changed by them.
(Photo credit: Wikipedia)

By Ellen Messmer – Social mediaFacebook, Twitter, LinkedIn, Google+ and so forth — has become a way of life for companies and their employees to interact with the public, but beating back the fraudsters that try to prey on customers, not to mention keeping employees from spilling sensitive data, is becoming a full-time job for many.

Setting up the equivalent of a corporate blockade to social media is a “limited” approach at best, says Gary Loveland (principal, national security leader at PricewaterhouseCoopers), for the obvious reason that someone can get to Facebook or other sites using a personal mobile device or a home network. Security education of employees from the day they hire on is necessary to drive the message home to them about the risks that social media pose, even while businesses monitor sites to see what’s being said about the company. “It’s about coming to grips with reality on this.” more> http://tinyurl.com/8ayzqxn

SEC to put U.S. audit watchdog under microscope


Historical financial statement

Image @Wikipedia

By Sarah N. Lynch – U.S. securities regulators will question the top U.S. audit watchdog about his budget and policy priorities on Wednesday, in a rare public meeting designed to shed more transparency on the agency that has tightened the screws on the auditing profession over the past year.

The PCAOB (Public Company Accounting Oversight Board) is considering whether to limit the number of years an audit firm can work for the same client – an action that could break up some business relationships more than a century old. It also is considering forcing auditors to put their names on the audit reports attached to companies’ financial statements. more> http://tinyurl.com/7a2zfhv