This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
What’s next for Aether The Aether team plans to continue abstracting the overall Aether framework and specific risk-decision modules, striving towards a more turn-key solution. Improvements will support technical transfer from PNNL AWS accounts to sponsor-owned accounts when required.
From inventory management to customer shipping, leave nothing to chance when it comes to supply chain risks. With that in mind, let’s take a look at how supplier riskmanagement can benefit your business and prevent the disruption of services. Understanding Supplier RiskManagement. Consider this.
Keep reading for a checklist to help you optimize procurement compliance and internal riskmanagement. Do others understand the risks associated with not following policy and procedures? “We ” – Hend Salem, Manager of Strategic Sourcing – Non Clinical, The Ottawa Hospital 4. Everyone has to buy in.”
Riskmanagement, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Next, organizations will adopt process intelligence to optimize procure-to-pay and accounts payable processes.
The Government Accountability Office is concerned that NASA still hasn’t incorporated cybersecurity practices into required agency policies, particularly for its major spacecraft projects. The space agency said that it had systems in place for dealing with the risks of space.
According to the SEC, the new rules “enhance and standardize” disclosures of cybersecurity riskmanagement, strategy, and governance by public companies under the reporting guidelines of the 1934 Securities Exchange Act of 1934. The SEC determined that inconsistent disclosure practices necessitated new rules. billion to whistleblowers.
The Office of Personnel Management and the Office of the Director of National Intelligence do not have adequate data for assessing government security clearances and other vetting processes, the Government Accountability Office said in a report released Monday.
The Environmental Protection Agency said it is “on target” to establish a process to conduct organization-wide cybersecurity risk assessments within the next six months, putting a hard timeline on its long-awaited response to a watchdog report critical of the agency’s cyber posture.
Coordination among two financial regulators to take on the risks posed by blockchain technology has lacked consistency, a congressional watchdog said Monday. The Fed teamed with the Federal Deposit Insurance Corp.
The AI Research, Innovation and Accountability Act of 2023 , introduced Wednesday by Sens. Companies deploying “critical-impact” AI would have to perform risk assessments consistent with NIST’s existing AI RiskManagement Framework, and these evaluations would then have to be submitted to the Commerce Department.
In another report scrutinizing the VA’s management of IT systems, VA OIG found a weakness in controls including configuration management, assessment, authorization and monitoring, which collectively accounted for 23 incidents and a total of 80 hours and 20 minutes of disruption for the system.
Three main challenges local communities face are obtaining information based on: Current conditions: Most available flood risk information is based on historical hydrologic data and does not account for extreme rainfall events. As mentioned, current flood riskmanagement practices may not keep up with current development.
At the time it was created, Miller said, the panel established a number of ethical controls similar to that of the National Institute of Standards and Technology’s RiskManagement Framework. We need some transparency and accountability for knowing when we’re invoking an AI capability and when we’re not,” Noyes said.
“Local governments face issues that range from balancing public safety and individual privacy rights to managing vast amounts of data securely and efficiently. Transparency and accountability are crucial to maintaining public trust and require clear policies on surveillance use and data access.”
Core4ce has promoted Bryant Thrift from chief accounting officer to chief financial officer. As CFO, Thrift will oversee finance and contracts, IT, human resources, security, facilities and compliance, and riskmanagement departments.
Bryant Thrift was elevated to the role of chief financial officer at Core4ce, a data-minded national security contractor where he previously worked as chief accounting officer. Thrift will
GSA-collected fees would have accounted for $30 million of the total $33 million in fund credits.” “‘Best value’ also reflects the current realities of how ordering activities use the GSA [schedules] program per its ordering procedures in the FAR.1 Koses said CICA change would help contracting officers as well as companies alike.
Learn about our 0-60 Government Contracting in a Capsule course RiskManagement in OTA Engagements While OTAs offer many benefits, they also come with unique risks that contractors must carefully manage.
Additionally, having a solid accounting system that adheres to generally accepted accounting principles is essential for maintaining compliance and ensuring successful contract management. Regular internal audits can help contractors maintain compliance and profitability by identifying discrepancies in accounting practices.
The Act is designed to protect against the following, holding organizations accountable all activity that exists within their supply chain operations: Child labor, forced labor, any form of slavery. The new set of regulations add an additional layer of compliance and riskmanagement to the procurement process. Discrimination.
He oversees riskmanagement and cybersecurity accountability for information systems, weapon systems and operational technology supporting military cyberspace operations. His portfolio includes policy and governance of the defense industrial base, cyber supply chain riskmanagement, compliance and cybersecurity capabilities.
Just some checks and balances, so we’re doing this in a collaborative manner, we’re taking a riskmanagement approach to cybersecurity, both for the government and for the contractor,” Schneider said. The groups also said there should be an appeals process so contractors can object to “unnecessary” access to systems.
Our Government Contractor Accounting course provides valuable insights into the financial aspects of subcontractor evaluation. By understanding the financial health of your potential subcontractors, you can make informed decisions and mitigate risks associated with their performance.
If public sector bodies and organisations follow clear procurement regulations, they can help uphold high standards of accountability, while still achieving the best results for the general public. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.
Throughout the development, deployment, and operation of the CSP, the AWS account team and CSS collaborated in weekly operations calls, increasing in cadence during critical milestones. Modernization journey The CSP launch culminated several years of application development to build a cloud-native platform for mortgage securitization.
Seasoned practitioners in public procurement can be jaded from situations that have gone wrong, and it is common for inexperienced public buyers to experience risk aversion and fear of the unknown. Additionally, a simplistic risk transfer strategy may reduce market interest, and the number of bids submitted.
digitization Procurement processes from sourcing to accounts payable is a key strategy. The same logic supports effective supplier riskmanagement. In the current environment, Procure-to-Pay automation is even more critical than normally (and solutions are available that can be deployed quickly at most organizations). .
Today, government IT teams find themselves navigating a labyrinth of security controls, compliance requirements, and riskmanagement practices. A major challenge: Managing workload identity Securing multi-cloud applications for state and local government entities presents a major challenge: managing workload identity.
Harwood, and Ashley Powers; Miller & Chevalier Chartered The Office of Management and Budget (OMB) released a new memorandum at the beginning of October, “Advancing the Responsible Acquisition of Artificial Intelligence in Government” ( M-24-18 ) (the Memo), intended to help “agencies harness the power of AI.”
He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the Global Sourcing team, and is currently member of Flex Supply Chain Council and Supply Chain RiskManagement. Ivalua is the Lead Partner at this year’s ProcureCon Asia, which will be held at the Amara Sanctuary Resort Sentosa.
Implementing an HHS-wide strategy to support greater enforcement and accountability. Prioritize as a key contract consideration the handling of data, including procedures for data management, accountability, and access. Providing resources to incentivize and implement these cybersecurity practices. 1] 89 FR 85072. [2]
Use a risk-based classification framework with granular examples and guidance. Develop a riskmanagement framework to support healthcare providers. and then use a simple framework to classify data based on risk. Look to solutions like allow listing countries that provide acceptable protections for the data.
I expect there to be fallout on the supply chain riskmanagement side no matter what happens to Carahsoft. Whether it’s the price reduction clause on the GSA schedules or the hassle of getting on and maintaining contracts, using an intermediary reduces their risk. That is where everyone is freaking out.”
Currency and country exposure — Decreases financial risks by accurately tying projected spend to the correct currency to facilitate hedging strategies. Tools for business optimization and riskmanagement (including AI) — Improve business planning accuracy and decision making frameworks. Riskmanagement. Operations.
Sanger explained, her firm was able to develop a strong relationship with the client in offering that level of confidence, faith and risk-sharing. RiskManagement Tools Ms. Sanger also discussed the use of insurance products to offset the risks associated with an unsuccessful outcome, such as CFA insurance.
New products and capabilities are coming to market like AI and machine learning, and we also have new risks that are emerging. So supply chain riskmanagement and elimination becomes a very important discipline. And so we do take that into account very, very closely. We have to share this data with each other.
This approach has important implications for organizations dealing with protected health information (PHI), complying with ISO 27001, GxP guidelines, and the Health Insurance Portability and Accountability Act (HIPAA). This may involve catalogs, search capabilities, and self-service portals.
We summarize briefly the new policy priorities below and also provide suggestions on how to contractors might managerisk and compliance issues accordingly.
Our members collectively account for more than $145 billion dollars of the sales generated annually through government contracts, and span small, medium, and large business concerns from across the commercial market. As such, they are well-aware of the challenges involved in addressing vulnerabilities in the federal software supply chain.
You can also contact us about your project, and your AWS account team will work with the AWS service team to bring the service to Canada and within the scope of the CCCS assessment report. After deploying the LZA, customers can use a generic evidence package of these controls deployed and managed by the LZA in order to speed up the process.
At the heart of every procurement process is the Accounts Payable team and our AP Automation software module has been built to support these skilled workers. Regardless of the order format both the Supplier and Accounts Payable team need to cater for all three scenarios. What about supplier collaboration?
In his career, he has served as a subject matter expert on cybersecurity topics related to riskmanagement, incident response, cybersecurity analysis, and cyber policy.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content