Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog A Farewell to Michael Oxley Staunch champions of corporate governance and fair financial reporting lost a friend over the holidays with the passing of former U.S. Rep. Michael Oxley on January 1. The Ohio Republican, co-author, with Democratic Senator Paul Sarbanes, of the landmark Sarbanes-Oxley Act of 2002 (SOX), was an ethical stalwart and strong advocate and warrior for corporate oversight and accounting reform.… Blog “No Fraud Here?” Look Again, Says New Survey From Protiviti and Utica College Nobody wants to believe that their company is losing significant revenue to fraud. And, understandably, organizations don’t want to spend scarce resources managing risks they don’t consider legitimate. With regulators and prosecutors increasingly holding executives accountable for fraud prevention, however, there’s a strong incentive to replace the old refrain of “no fraud here” with the more… Blog It’s That Time of Year: The 2016 Audit Committee Agenda It was a good kickoff of the new year, with more than 1,500 forward-looking directors and executives logging on to our January 7th webinar, Setting the 2016 Audit Committee Agenda. Hosted by Protiviti’s Brian Christensen and David Brand and me, the webinar was based on our latest issue of The Bulletin, which I’ve tweeted about, but have not previously addressed here. Given the high… Blog Your SharePoint Investment: Don’t Leave It to Chance If your organization is like most, you probably have at least one installation of SharePoint. Chances are, it’s running your intranet, or maybe a document sharing system. Maybe users love it. Maybe they don’t. Perhaps you could be getting a better return on your investment. If your organization is like most, you have no way of knowing. We know this, because you told us. According to the results… Blog Watch What You Say: Auditing Cybersecurity Disclosures In the face of ongoing, persistent and ever-more dramatic data breaches, corporate assurances to the security of information are rightfully met with investor and regulatory skepticism. And while companies have rushed to inoculate themselves against potential damage by purchasing cyber insurance, regulators – and insurers – are reviewing published cybersecurity disclosures carefully to determine… Blog FAST Act Paves the Road for Streamlining IPOs Good news for small companies considering an IPO. On December 4, 2015, President Obama signed the Fixing America's Surface Transportation Act (the FAST Act). Aside from directing transportation spending, this act includes provisions relevant to startup companies and companies seeking to pursue the IPO path. Below, I’ve outlined the major ways in which this act affects so-called “emerging growth… Blog Introducing Compliance Insights: Protiviti’s Monthly Roundup of News for Financial Services Firms With global banking regulation consistently ranking as a top concern for financial service industry executives and directors, Protiviti has launched Compliance Insights, a monthly advisory newsletter designed to provide financial services industry (FSI) executives with timely news on issues that are relevant now. Although primarily focused on banking compliance matters related to consumer… Blog Global CAEs Seeing Regulatory Convergence At The Institute of Internal Auditors International Conference in New York this July, I had the privilege of moderating a panel of CAEs on global audit issues, emerging risks and challenges in the financial services industry. We had a large international group, including hundreds of CAEs, who were eager to hear from our panelists representing some of the world’s largest financial institutions.… Blog PCI DSS 3.2 – What You Need to Know We’ve been getting a lot of inquiries from clients on the new payment card industry (PCI) compliance standard issued by the PCI Security Standards Council in April. The new data security standards (DSS) release, dubbed PCI DSS Version 3.2, contains some major changes from the previous version. The changes are explained pretty clearly in our May 9 Flash Report, but we recently had the… Blog CECL/IFRS 9 Update: New Credit Impairment Model Deadlines and Implementation Considerations As Protiviti reported back in May, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been looking for lessons in the global banking crisis of 2007-08 and have come up with new forward-looking predictive models for financial institutions to use when estimating how much to reserve against potential loan losses. The FASB’s CECL model will… Load More
