AI Risk Assessment for Accounting and Finance Functions
Firms are deploying AI faster than governance structures can manage the resulting risks.
Features Editor
Priya Castellano covers aiuc-1 and ai assurance, soc 1 & 2 and nursing facilities for Accounting Letter.
10 stories
Firms are deploying AI faster than governance structures can manage the resulting risks.
Independent verification of cybersecurity programs is replacing questionnaires in vendor assessment.
Misaligning with financial audits and skipping readiness assessments are the costliest mistakes.
Third-party breaches are driving demand for SOC 2 as proof of vendor controls.
Median SNF margins sit at 0.4%, hidden payer shifts can erase them overnight.
Five years after PDPM launch, spending soared while patient outcomes stayed flat.
Shorter retroactive eligibility window shrinks collectible revenue from pending Medicaid residents.
Tight margins make AR discipline a survival tool, not an administrative task.
Medicare suspends all future payments if your cost report misses the five-month deadline.
Auditors must independently verify management's going concern analysis and disclosure.