Apparity Blog
Read the latest EUC governance related news & insights from our experts.
Banking Industry Addresses Challenges
Banking Industry Addresses Challenges with Liquidity, Risk Management, and Regulatory Reforms Capital requirements, stress testing, credit risk, liquidity, and Basel III continue to surface as key themes in the regulatory landscape. Regulatory authorities and central...
SOX Compliance & End User Applications
What is SOX? The Sarbanes-Oxley Act of 2002 (SOX or Sarbox) became public law on July 30th, 2002, as a result of the early 2000s financial scandals (Enron, Worldcom, etc). Its purpose is to protect investors through improving the veracity of disclosures from publicly...
Why Your Model Risk Management Efforts Will Fail
Models typically represent one of the most important tools that management rely on to make critical business decisions and ensure the company is performing as expected. Many companies have already established a model risk management (MRM) framework. The framework...
End-User Computing Industry Trends
Apparity has long realized that a strong end-user computing (EUC) software is only as good as the policy it enables. Policies, like software, must evolve over time to ensure they meet the developing EUC trends, user priorities, and regulatory mandates. To help...
CECL Model Risk & Compliance
What is CECL? Current expected credit loss, or the CECL framework, is a method of accounting for credit losses. CECL standards help organizations better time the recognition of credit losses through using expected (instead of incurred) loss models. In terms of scope,...
ASC 606 Compliance & Spreadsheet Risk
In 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) 606. The International Accounting Standards Board (IASB) issued the international equivalent, International Financial Reporting Standard (IFRS) 15, at the same...