Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Fiserv launches CheckFree Account Certification
BROOKFIELD, Wis. (4/2/08)--Checkfree has launched an automated financial reporting control framework that can help organizations implement financial governance strategies and ensure regulatory compliance. CheckFree Account Certification helps organizations automate the scheduling, preparation, review, approval, analysis and auditing of reconciliation information--which is critical to financial close and period-end reporting. “Organizations increasingly have a lot at stake when it comes to regulatory compliance,” said Mark Cappell, CheckFree senior vice president and general manager of operational risk management. “The cost of non-disclosure is high and can lead to reduced shareholder value, loss of reputation, high audit fees and potential fines.” In a recent review of material weaknesses disclosed under Sarbanes-Oxley requirements, 20% of weaknesses were related to failures in account reconciliations, review procedures or compliance with control policies, Cappell added. Many businesses do not adhere to standard procedures, which can lead to internal fraud, untimely reconciliation of financial data and unreliable financial reporting, said Andy Mellor, CheckFree product manager of operational risk management. CheckFree, a unit of Fiserv Inc., is a core processor for financial institutions, including credit unions.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
11 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 Day ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
1 Day ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
1 Day ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
1 Day ago