Advisory overview - Ernst & Young - United States

Replacing SAS 70: is your organization prepared?
With few significant modifications since it was issued in April 1992, SAS 70 has been the standard when reporting on the effectiveness of service organizations’ internal controls over financial reporting. Join our panel as they discuss how the proposed new standards could affect your business, and what you can do to prepare.

Transforming risks into opportunities
Risk-taking is part of business: no risk, no reward. The challenge in risk management is therefore not to avoid risks, but to gain a competitive edge by transforming them into opportunities. In three reports, we offer insights on how to create and protect value through best practice in risk management.

Do organizations have a plan in place to save today to prosper in the future?
Most companies fail to sustain cost reductions after the economy begins to recover from the downturn that forced those reductions. In this report, we suggest that effective cost reduction should become engrained in the way companies do business.

The future of Finance
Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line.

The future of risk
This new survey of more than 500 global companies provides a snapshot of the current risk environment (pdf, 360.13kb) at a time when mixed reports are filtering through about the medium- and long-term economic outlook. It examines companies' attitudes towards risk management and how recent global events have affected management approaches to risk.

Take the pulse of your health care business
Knowing how performance, opportunity and risk intersect helps health care providers and payors, life sciences companies and pharmaceutical businesses face a healthy future.