Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog June 18, 2020 Get Ready to Resume Elective Procedures and Surgeries One major impact of the COVID-19 pandemic was the recommendation from the Centers for Medicare & Medicaid Services to cancel elective surgeries and procedures, essentially redirecting hospital resources to manage the insurgence of COVID-19 patients. The initial response was one of cooperation and concern for patient safety, which resulted in a significant loss of hospital revenue. It was… Blog June 18, 2020 LIBOR Transition During the Pandemic: Is Your Program Management Office Ready to Take on the Challenge? Across the globe, governments and financial institutions continue to prepare for the shift targeted for the end of 2021, from the London Interbank Offered Rate, or LIBOR, to alternative risk-free rates (RFR). The deadline for retiring the LIBOR remains unchanged, according to various government and regulatory bodies, including the Bank of England and the Federal Reserve, despite significant… Blog June 22, 2020 CECL and the AICPA Practice Aid (Part 4): Modeling Considerations and COVID-19 As we continue our series of blog posts examining the AICPA Practice Aid on preparing for the new current expected credit losses (CECL) standard, this post on modeling considerations is especially timely given the economic upheaval of the ongoing COVID-19 pandemic and the dramatic effect that it is having on loss models. Many of the assumptions built into January models were no longer valid by… Blog June 23, 2020 Data Privacy Isn’t Just One and Done: How to Stay on Top of Changes and Ensure Ongoing Compliance Two years ago, organizations were rushing to comply with the European Union’s (EU’s) General Data Protection Regulation (GDPR). After a flurry of activity and changes to privacy settings and disclosure, many felt they could move on once they’d checked that compliance box. But things have not remained static from a regulatory standpoint. In May, the European Data Protection Board published yet… Blog June 23, 2020 SOX Compliance Under COVID-19: The Show Must Go On (Part 2) Although the Securities and Exchange Commission (SEC) granted one 45-day extension for public companies subject to Sarbanes-Oxley (SOX) reporting requirements, the regulator still expects companies to appropriately protect investors and public interest by maintaining the full rigor of internal control requirements. As a result, there are a number of challenges that need to be addressed.… Blog June 24, 2020 Harnessing Intelligent Automation to Increase Resilience The COVID-19 pandemic has painted a sharp performance contrast between companies that are digitally mature and those that are not. These distinctions are likely to grow even sharper in the period following the global health crisis, with some companies permanently crossing into the world of intelligent process automation – necessitated during the lockdown by furloughs, remote work, a rise in cyber… Blog November 21, 2019 From Premise to Practice — Technology Is Providing Finance Leaders With Long-Sought-After Answers to Important Questions As custodians of company data, finance leaders are fielding more questions from internal stakeholders than ever before. Those stakeholders — from the board down to operational line managers — want more metrics, more analytics, and deeper and more meaningful insights into financial and operational performance. The questions themselves aren’t new. It has only been recently, however, that finance… Blog November 25, 2019 Looking for Innovation? Ten Ideas to Help Companies Break the Mold Finding new and effective ways of solving your clients’ biggest problems, growing your business and edging out the competition can be a challenge for many organizations. Traditional organizational structures and cultures, and the fear of failing or taking risks are just a few hurdles that can stand in the way of innovation. As part of Protiviti’s mission of helping institutions navigate today’… Blog November 26, 2019 Dynamic Markets, Changing Regulations: Is Your Loan Portfolio Management Practice Moving in Step? The loan portfolio is one of the greatest sources of risk to a bank, according to the Office of the Comptroller of the Currency (OCC). As such, effective loan portfolio management (LPM) is fundamental to a bank’s safety and ability to identify and take action to address changes in the credit environment. This is particularly evident when one considers the wide variety of events that can affect… Blog December 3, 2019 FFIEC’s Updated BCM Booklet Highlights Operational Resilience Concepts Compared to the 2015 version, the updated business continuity management booklet released in November 2019 by the Federal Financial Institutions Examination Council (FFIEC) offers increased clarity, with detailed examples designed to make it easier for financial institutions to comply with its guidance and to help examiners determine whether management are addressing risks related to the… Load More
