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  • Blog
    Can Machine Learning Improve Consumer Lending? We Think So.
    The ready availability of large volumes of internal, external and social media data, along with advances in analytics and the advent of machine learning (ML), appear to have created the perfect opportunity for improving consumer lending decisions. But how big of a role will – or should – machine learning play in lending decisions? Can it make the processes that financial institutions use to…
  • Blog
    Knowledge Is Power: What Higher Education Institutions Must Know About GDPR Compliance Risk
    In the coming months, as U.S. colleges and universities prepare to welcome students to a new academic year, a priority topping their to-do lists should be identifying and understanding their risk exposure to the European Union’s (EU) General Data Protection Regulation (GDPR). They also should be making appropriate changes to meet the technological, administrative and legal requirements of this…
  • Blog
    Managed Services Can Help Emerging Tech Firms Scale for Growth and Maintain Momentum
    Growth is the goal for emerging technology companies. When it happens fast, however, it can be challenging for these businesses to manage that change and to scale, especially in back-office areas like accounting, finance and IT. Setting up or optimizing core functions with labor-intensive processes is about the last thing business leadership wants to think about as they’re focusing on generating…
  • Blog
    The Financial Crisis of 2008 – May We Never Forget the Lessons Learned
    The subprime lending crisis of 2008, which led to significant distress in the financial markets, was a disaster of mega proportions. Its root causes are many, making it systemic in nature as opposed to a one-off situation in a specific company. Loan originators brokered financing of houses without regard to credit quality so they could get their up-front fees, take a walk and leave the inevitable…
  • Blog
    New Survey by Protiviti Measures SOX Automation, Costs, Hours and More
    According to Protiviti's 2018 Sarbanes-Oxley (SOX) Compliance Survey, released today, most companies are not taking advantage of available tools and technology, such as automated controls and testing and robotic process automation (RPA), to reduce the time and cost expended to achieve SOX compliance. Less than one-third of organizations are using technology tools such as automated process…
  • Blog
    New Small-Dollar Lending Guidelines and Tenants' Rights in Foreclosures: Listen to Our Podcast
    In the podcast below, Protiviti Risk and Compliance experts Steven Stachowicz and Tom Giltrow elaborate on two of the topics of the July issue of Protiviti's Compliance Insights newsletter – the OCC's new guidance on short-term, small-dollar loans and the restoration by Congress of certain tenant protection provisions in foreclosure situations. The full newsletter, which includes additional…
  • Blog
    Preparing for the Acquisition Your CEO Hasn’t Announced Yet: Three Actions to Take Now
    More than halfway through 2018, we see corporations generally enjoying an influx of cash and improved business conditions, and benefitting from new tax laws. These trends are helping make 2018 one of the strongest years for mergers and acquisitions (M&A) in history, with current M&A activity 50 percent above the 2017 pace. What does that mean for finance and accounting leaders? These…
  • Blog
    FASB Issues Improvements to the New Lease Accounting Standard
    On July 30, 2018, the Financial Accounting Standards Board (FASB) issued ASU No. 2018-11, a long-awaited – but expected – update to pending changes in lease accounting standards, intended to reduce implementation costs and burden. The update provides a new, simplified transition method (relief that has been on the FASB agenda since the end of 2017) and a practical expedient to separating contract…
  • Blog
    California Adopted a GDPR-like Privacy Law: What Does It Mean for You?
    Organizations worldwide are already feeling the impact of the General Data Protection Regulation (GDPR) that went into effect in the European Union on May 25, 2018. As a result of that and other regulations as well as recent privacy related-events, data privacy and security issues remain top-of-mind concerns for businesses and consumers. Now, California has upped the ante with the passage of the…
  • Blog
    2018 SOX Survey: Benchmarking Compliance Costs
    Sarbanes-Oxley (SOX) compliance costs are a top concern for executives and compliance leaders who continue to look for ways to both reduce costs and derive strategic value from their investment in compliance activities. Emerging practices, such as automated controls testing and robotic process automation (RPA), show promise in the long run for reducing these costs. Current results vary widely,…
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