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Implementing AI Tools in Your Business
Key takeaways: Create a whole AI strategy by means of strict planning to control problems, maximize return on investment, and align with corporate procedures. AI is ...
PCI Version 4.0: A Requirement by Requirement Breakdown
The PCI Security Standards Council released PCI Data Security Standard (PCI DSS) Version 4.0 on March 31, 2022, marking a significant update from version 3.2.1. ...
Effective Exit Planning for Business Owners
Key Takeaways: Clearly state your long-term leaving and post-sale targets. See valuation experts to learn market value for your company. Target either internal candidates, private ...
OCR Audit Preparation Checklist for Healthcare
The OCR HIPAA Audit program is designed to analyze processes, controls, and policies of selected covered entities and business associates. The OCR has established a ...
OCR Audits Demystified: An OCR Audit Readiness Guide
When it comes to the OCR’s HIPAA audits, some covered entities and business associates are prepared, while many are not. Even some organizations that think ...
SOC 2+ Reports for Comprehensive Regulatory Compliance
Key Takeaways: SOC 2+ reports are a great way for organizations to demonstrate compliance with additional frameworks beyond the standard SOC 2, enhancing trust with ...
How VDA Can Boost Your Hospital’s Revenue
Key Takeaways: The Volume Decrease Adjustment (VDA) provides financial support to hospitals with significant discharge declines, ensuring continued operations and care quality. Hospitals must demonstrate ...
Improving Business Integrity by use of Compliance Gap Analysis
Key Takeaways: Navigating complicated rules and guaranteeing corporate conformity to legal requirements depend on the critical compliance tool—compliance gap analysis. It aggressively spots any compliance ...
Tennessee Enacts Major Franchise Tax Changes
House Bill 1893/Senate Bill 2103 Tennessee has enacted major changes to its franchise tax. Historically taxpayers have paid franchise tax on the greater of two ...
FASB Clarifies Applications for Profits Interest
Key Takeaways FASB developed ASU 2024-01 to improve clarity and offer thorough examples for the use of profits interest under ASC 718. The update contains ...
Risk Assessments and Formal Process Development
Key Takeaways Risk assessments are basic for compliance in areas such industry and healthcare, so guaranteeing that legal obligations and strategic protections are fulfilled. Strategic ...
Five LBMC Leaders Named 2024 Nashville Post In Charge
Executives Bring 125+ Years of Collective Experience to Prestigious List LBMC, a top accounting and business consulting firm in the nation, is pleased to announce ...