Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog A Sea Change Is Coming – Transitioning to FASB’s New Lease Accounting Standard On the heels of the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, which becomes effective for calendar-year public companies beginning January 1, 2018, the accounting and internal audit world is gearing up for another significant accounting and financial reporting change beginning one year later (on the first day of the first quarter), January 1, 2019 – the new… Blog Financial Firm Auditors: Are You Ready to Audit Under CECL? Amid widespread concern that Generally Accepted Accounting Principles (GAAP) are inadequate when it comes to advising investors on deteriorating credit quality, the Financial Accounting Standards Board (FASB) has issued a new methodology. The new standard, known as Current Expected Credit Loss, or CECL, uses data analytics to forecast expected losses based on internal and external trends, as well… Blog Manufacturers Are Upbeat About 2017 Business Climate Under New Administration Four straight months of manufacturing job growth through March this year and a decidedly more pro-business climate emerging in Washington have given many manufacturers good reason to consider 2017 off to a good start. According to the National Association of Manufacturers' (NAM) first economic outlook survey of manufacturers since Trump took office, more than 93 percent were feeling positive.… Blog Can Your SOX Compliance Process Benefit From Some Fine-Tuning? Find Out With Our Latest Benchmarking Survey The results of Protiviti’s latest SOX compliance survey are in, and one takeaway in particular – cost of SOX compliance – may be music to the ears of some companies. For many organizations, those costs were reported to be lower this year than last, even as the number of controls, as well as hours dedicated to compliance, increased. We don’t know the specific reasons why the costs at some… Blog Regulatory Activity Unabated Despite Uncertain Regulatory Outlook A month into the new U.S. administration, it’s clear that the political landscape is shifting. The administration has issued executive orders calling for a review of existing laws and regulations based on how they promote certain “core principles” related to the regulation of the U.S. financial system; a review of the Department of Labor’s Fiduciary Rule scheduled to take effect later in 2017;… Blog A New and Better AML Regime? On February 16, 2017, The Clearing House (a banking association and payments company that is owned by twenty-five of the largest commercial banks) released a report entitled A New Paradigm: Redesigning the U.S. AML/CFT Framework to Protect National Security and Aid Law Enforcement. The report analyzes the current effectiveness of the U.S. anti-money laundering/counter-terrorism financing (AML/CFT… Blog Customer Loyalty Through Better Security — and How to Achieve It Customer loyalty programs are among the basic building blocks of successful consumer products and services companies today. These programs are not only competitive differentiators, but also key drivers of revenue and profits for retailers, restaurants, hotels, airlines and many other businesses. The success of loyalty programs, however, hinges on more than inspiring customers to opt in and… Blog OCC Handbook Update Consolidates 13 Years of Evolving Financial Services Audit Policy and Guidance On December 30, the federal Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2016-47, Revised Comptroller’s Handbook Booklet and Rescissions. The handbook is the official field guide for federal bank examiners. The update consolidates 13 years of policy changes and guidance to create a single source of truth for all audit-related supervisory matters going forward. Further, the… Blog Building Cyber Resiliency Is the Path to Better Brand Protection for Consumer Products and Services Companies Last week, I wrote about customer loyalty, and how a strong cybersecurity program can help ensure the trust of consumers. Here are some fresh stats about the business impact of cyber threats that consumer products and services executives should know about: In 2016, one in five businesses lost customers due to a cyber attack. Nearly 30 percent lost revenue. About one-quarter lost business… Blog From Tiny Tech to Populism: Latest Issue of PreView Scans the Global Risk Horizon Imagine a DNA-programmed nanoparticle capable of hacking cancer cells, a plankton-sized carbon tube that can remove pollutants from water, or food packaging that changes color in the presence of dangerous bacteria. Nanotechnology, with a market predicted to reach almost $13 billion by 2021, has the potential to change the world, and every industry — from healthcare to the military — has a stake… Load More
