Insights

SOC for Cybersecurity vs. SOC 2: 5 key differences

In today’s business climate, companies are realistically asking “when,” not “if” a data breach or other cybersecurity event will occur. To help, the AICPA created a framework that businesses can use to demonstrate they have effective risk management practices in place.

7/2/20
By: Terry Ammons
Services: Consulting, Cybersecurity

How to review vendor SOC reports

Vendor due diligence is a key task that companies must perform when deciding if they are willing to engage another company or vendor. A critical part of many business’s vendor due diligence strategies is reviewing the vendor’s system and organization controls (SOC) report for service organizations.

7/1/20
By: Drew Baker
Services: SOC Examinations, Governance & Risk, Consulting

SOC for Cybersecurity: An inside look

No organization is immune to cyber threats. Some businesses are targeted because of what they do and the information they possess. And yet others are attacked simply because they appear most vulnerable. 

7/1/20
By: Terry Ammons
Services: Consulting, Cybersecurity

Take remote work to the next level

Setting up staff for remote work provided a lifeline for companies during first-wave COVID-19 stay-at-home orders. Now, even as businesses reopen physical workspaces, many are keeping at least some staff at home. From uncertainty about future lockdowns and childcare crises to maximum occupancy limits and the needs of at-risk employees, remote work is an option that is likely here to stay for the foreseeable future.

7/1/20
By: Julia A. Johnson
Services: Talent and Change, Consulting

Innovation Excellence: Enrichment Services Program embraced change to help end poverty

The Evelyn Wright Moore Award for Innovation Excellence recognizes nonprofit leaders who use technology and forward thinking to make a difference in their organization and their community. The annual award is named after Evelyn Wright Moore, who attended every single Wipfli National Training Conference until her passing, and was a lifelong champion of innovation, learning and community service.

6/30/20
Industries: Nonprofits

Compensation planning for financial institutions in 2021

Compensation planning for 2021 will spark interesting discussions for many financial institutions this fall.

COVID-19 has required banks to quickly pivot to remote work arrangements, respond to a tremendous influx of loan requests (PPP and mortgage), continue to provide uninterrupted service to customers, and continue to seek qualified and increasingly more expensive talent.

6/29/20
By: Julia A. Johnson
Industries: Financial Institutions, Financial Services
Services: Talent and Change, Consulting

Innovation Excellence: Arkansas Early Learning used voice recognition to ease caregivers’ paperwork burden

The Evelyn Wright Moore Award for Innovation Excellence recognizes nonprofit leaders who use technology and forward thinking to make a difference in their organization and their community. The annual award is named after Evelyn Wright Moore, who attended every Wipfli National Training Conference until her passing, and was a lifelong champion of innovation, learning and community service.

6/29/20
Industries: Nonprofits

Taking the fear out of plan conversions

When’s the last time you changed your 401(k) plan service provider?

Plan sponsors are often reluctant to make a change in service providers — even when it’s clear they need to pull the trigger sooner rather than later. If you’re unhappy with your current provider or plan, or you question whether you’re getting enough value, it’s time to make a change. But it’s not surprising if you’re worried about how to make the change or how it will impact your organization.

6/26/20
By: Angie Whiteside
Services: Human Capital Management Solutions, Consulting