Category: Article

January 7, 2024 Internal controls are essential processes implemented by organizations to ensure the accuracy of financial reporting, compliance with regulations, and safeguarding of assets. Training forms the cornerstone of an organization's internal control framework. It equips employees with the necessary knowledge and skills to understand, implement, and adhere to established control procedures. These training… Continue reading Fortifying Organizational Integrity: The Crucial Role of Trainingand Communication in Internal Control

December 15, 2023 What is Risk Management? Internal control risk management is a systematic process that organizations employ to identify, assess, mitigate, and monitor risks affecting their objectives. It entails establishing and maintaining internal controls that safeguard internal information assets, ensure accurate financial reporting, and promote compliance with laws and regulations. Under risk management, security… Continue reading Strategic Moves: Enhancing Internal Controls with Proactive Risk Management

December 8, 2023 Documentation and record-keeping are critical pillars of internal controls within an organization, serving as the backbone for compliance, accountability, and operational efficiency. These practices encompass the systematic recording of transactions, procedures, policies, and other vital information that form the basis of an organization’s governance structure. Importance of Documentation Clarity and Understanding: Comprehensive… Continue reading Mastering Governance: The Crucial Role of Documentation & Record-Keeping in Internal Controls

November 23, 2023, LinkedIn In today’s fast-paced business environment, where accuracy, reliability, and compliance are paramount, the world of audits has become a dynamic and essential tool. It’s a journey that businesses embark on, a voyage towards ensuring transparency and fostering trust, led by two key players: internal and external audits. Each has its distinct… Continue reading Navigating the Audit Landscape: A Modern Enterprise’s Vital Journey

November 08, 2023, LinkedIn In the ever-evolving realm of information security, access controls have emerged as the cornerstone of internal control systems within organizations. They serve as the guardians of sensitive information, ensuring only authorized users gain entry to specific resources and information within a company’s information systems. But access control is not just about… Continue reading Access Control: Safeguarding Information and Resources. Empowering Your Business

October 25, 2023, LinkedIn Segregation of Duties (SoD) is a crucial measure for internal control and risk management within organizations, serving as a cornerstone for effective risk management and ensuring the integrity of financial and operational processes. The goal of SoD is to create a system of checks and balances that reduces the risk of… Continue reading Importance of Segregation of Duties as a Measure for Internal Control

In today’s data-driven world, organizations face unprecedented challenges when it comes to handling massive volumes of data efficiently and deriving valuable insights from it. Traditional database solutions often struggle to keep up with the ever-growing data landscape. However, MySQL HeatWave Lakehouse, a groundbreaking database service launched by Oracle, is changing the game. Introduction to MySQL… Continue reading Revolutionizing Database Management with MySQL HeatWave Lakehouse

September 19, 2023, LinkedIn By Sankaran Krishnan, Assistant Vice President- Delivery, Path Infotech Internal control within an enterprise is a comprehensive system of policies and practices designed to safeguard assets, ensure the accuracy of financial reporting, promote operational efficiency, and facilitate compliance with laws and regulations. It is vital to corporate governance, providing a framework… Continue reading Fortifying Success: The Imperative Role of Internal Control in Modern Enterprises

MySQL 5.7 has had a long and successful run since it was started in October 2015. However, with low demand and the need for continued improvement, Oracle has decided to discontinue support for MySQL 5.7. The official End of Life (EOL) for this version is set for October 2023. That means Oracle will no longer… Continue reading MySQL 5.7 Support Ends Soon, Upgrade to MySQL 8.0 Today!

Modernizing your database is a crucial step in enabling digital transformation within your organization. As businesses increasingly rely on data-driven insights and technology advancements, a modernized database architecture can provide the scalability, agility, and performance required to support digital initiatives effectively. Here are some key considerations for modernizing your database: Cloud Adoption: Cloud databases offer… Continue reading Why Should Enterprises Consider Modernizing Their Databases?