Editor’s Note: The inevitable, uncoordinated scramble for cybersecurity regulatory turf continues. See, Why OIRA Needs to Coordinate Federal Cyber Security Regulation.
From: CyberScoop
U.S. Treasury joins push for auditors to check cybersecurity
Shaun Waterman
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A senior Treasury official Wednesday backed a proposal to establish a reporting framework for CPAs to assess the cybersecurity of companies they audit.
“Imagine a world,” urged Sarah Bloom Raskin in a speech to the Public Company Accounting Oversight Board International Institute on Audit Regulation, “in which all types of entities could convey the effectiveness of their cybersecurity risk management in a standardized, non-technical way. … Think about the power of such assurance. Boards, shareholders, customers, counter-parties, and regulators could gauge the relative effectiveness of organizations’ cybersecurity and resiliency.”
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