In the healthcare industry, artificial intelligence (AI) is being used to save lives—using data sets, these systems are being trained to examine imaging and successfully detect potential health risks, like cancer. However, as with every technological development and shift in its use, new risks have also emerged related to the use of AI, as have measures to help mitigate them—one of which is the HITRUST AI Risk Management Assessment.

Back in March 2022, the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) was signed into law as yet another regulation aiming to enhance federal cybersecurity by requiring critical infrastructure entities to report cyber incidents to the Cybersecurity and Infrastructure Security Agency (CISA). Two years later, on April 4, 2024, CISA published its proposed rule to codify CIRCIA’s specific mandates, which are expected to take effect in 2026.

TAMPA, Fla. – August 21, 2024 – Schellman, a leading provider of attestation and compliance services and a top 50 CPA firm, is excited to welcome six distinguished leaders to its inaugural Advisory Board, marking a significant move to bolster leadership.

Ever been to a water park and gone down one of those enormous slides? If so, you likely remember there being a park lifeguard at the top of the slide and near the bottom to ensure your continued safety. But imagine if those employees weren’t trained in safety and first aid—of course, the ride was likely designed well and with other safeguards, but it would make for a serious oversight by the park to do all that while not also ensuring their employees keep guests safe.

This week marks the first anniversary of Schellman's Weekly Read—over the past year, we've sent a Friday email to subscribers containing links to our latest and greatest content. To mark the occasion—fifty-two straight weeks of thought leadership and compliance insight, we've put together the Schellman Weekly Read Top 5 Posts (as determined by most clicks).

Among the growing concerns regarding climate change and corporate responsibility, sustainability reporting has become a valuable tool for businesses to demonstrate their commitment to identifying and managing non-financial risks. While still primarily voluntary in nature, sustainability reports provide additional transparency into a company’s non-financial risks and the measures they take to build resilience into business models and operations.