On the back of a turbulent year, technology companies are facing a slew of new pressures. In 2023, the technology industry must be prepared for a shifting M&A environment with dealmaking likely to play a small role in driving growth. It is highly likely that this year will usher in a wave of tech startups focused on cash flow over a “growth at all costs” mentality.  

War in Ukraine and russian invasion have already brought a lot of pain and harm to Ukrainian people and become a real stress-test for Ukrainian business. Assuming severe shortening of internal Ukrainian markets, many companies had to find a way to diversify to external markets, which is always a challenge and especially in professional services.  

Digital solutions are becoming more popular in all sectors, and audit is no exception. The Eastern Interregional Department of the State Tax Service responsible for dealing with large taxpayers explained that e-audit is to be applied since January 1, 2023.  

In a series of articles, we are looking at how we believe internal audit (IA) will change in the next five years. We have previously examined the importance of the team, and looking forward, we will be exploring the widening remit of IA, one that will encapsulate increased transparency around environmental, social and governance (ESG) issues.   

The SWIFT Customer Security Program (CSP) defines a set of security controls to which all SWIFT-connected entities must comply. Since 2021, the self-assessment has been replaced by a mandatory independent assessment. As a CSP assessor, BDO shares its experiences and insights into how an effective assessment is performed, common issues and pitfalls encountered during the assessment, and the most... 

A new law on gig contracts has come into force recently, introducing, as always, more questions than answers. On the one hand, this is a significant reduction of the financial burden on an employer; on the other hand, not everything is so simple, especially for accountants.  

Cybersecurity requirements and capabilities are accelerating too rapidly for organizations to keep pace. Cybersecurity programs are also distinctive in the way they need to be developed and managed, tracked, and updated. This stretches cybersecurity professionals thin as they try to strengthen their cybersecurity posture while also working toward business objectives and accelerating growth... 

There is a time in a business’s evolution when IT systems get out of hand. Once a company employs more than a dozen people or so, it becomes easy to lose track of devices and data. Company information gets stored in odd places in the cloud or shared around personal devices. You would think tech companies would be all over their IT systems, but this isn’t always the case.