Clark Schaefer Consulting Appoints Joe Brown as Managing Director, Operational Excellence
Clark Schaefer Consulting, a service of Clark Schaefer Hackett Business Advisors, today announces the appointment of Joe Brown as Managing Director, Operational Excellence. Joe brings a wealth of experience in operations leadership to CSC. He worked with FDA and FAA-regulated companies for over 20 years, including GE Aviation and Hill-Rom. Joe is familiar with the […]
The Benefits of Your Own Custom Applications
In today’s fast-paced digital world, businesses are constantly seeking innovative ways to stay ahead of the competition and meet the evolving needs of their customers. One powerful tool that can help businesses achieve this is a custom application tailored to their specific requirements. Custom applications offer unique advantages over off-the-shelf software solutions, providing businesses with […]
Strengthening Cybersecurity for Financial Data Protection
Recent polling indicates that cyber adversaries are increasingly targeting accounting and financial data of businesses. Moreover, nearly half of the executives surveyed expected such events to increase in the coming year. These findings underscore the need for businesses to take proactive measures to safeguard their financial information. Unfortunately, accounting and finance teams rarely work closely […]
Review Your Security Status With Our CMMC Readiness Checklist
The Cybersecurity Maturity Model Certification (CMMC) has emerged as a critical framework for organizations operating within the defense industrial base (DIB). Developed by the U.S. Department of Defense (DoD), the CMMC provides a standardized set of cybersecurity requirements that contractors must meet to protect sensitive information and ensure the integrity of the defense supply chain. […]
GLBA Safeguards Rule Compliance Checklist for Higher Education
The Gramm-Leach-Bliley Act (GLBA) , enacted in 1999, is designed to protect the privacy of consumers’ financial information and to ensure the security of that information. The GLBA applies to a wide range of institutions, including banks, credit unions, securities firms, and insurance companies. Colleges and universities that administer student financial aid associated with Title […]
Are You Ready for New Regulations Impacting Financial Institutions?
2022 presented financial regulators with a variety of new things to consider. With high inflation, interest rate hikes, the conflict in Ukraine, lingering effects of the pandemic, stock and bond market volatility, and events in the crypto asset markets there are many factors at play. New rules and regulations are being introduced, and existing ones […]
Risk-Based Auditing: Evaluate Today for a Safer Tomorrow
In today’s business environment, it is more important than ever for businesses and financial institutions to have a strong risk management program in place. A risk management program helps organizations identify, assess, and mitigate risks to their operations, finances, and reputation. One of the most important components of a risk management program is risk-based auditing. […]
Beneficial Ownership Regulatory Requirements
How Does This Apply to My Organization? Beneficial Ownership Requirements for Non-Exempt Reporting Companies On September 29, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule (31 U.S.C. §5336) implementing the Corporate Transparency Act’s (“CTA”) beneficial ownership information (“BOI”) reporting regulation. This updated rule, effective January 1, 2024, will enhance the ability of […]
Clark Schaefer Consulting Adds Managing Director, Robbie Chitwood
Experienced executive to expand consulting firm’s presence in the Kentucky market Clark Schaefer Consulting (CSC), a division of Clark Schaefer Hackett Business Advisors, has hired Robbie Chitwood as Managing Director. Chitwood will be focused on building and managing CSC’s presence in the Kentucky market. Chitwood, a Kentucky native, will be able to leverage her deep […]
How to end the headaches of SLFRF reporting
There are a lot of challenges surrounding the reporting of the State and Local Fiscal Relief Funds (SLFRF) received as part of the American Rescue Plan Act (ARPA). The various entities who received funds from you likely have vastly different methods of tracking how the funds were used. They may not even know what information […]