Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog October 30, 2019 With FASB Deadlines Finalized, a Final Checklist for CECL Readiness On October 6, the Financial Accounting Standards Board (FASB) approved the final deadlines for the implementation of four major accounting standards, including CECL (Accounting Standard Update 326-13). For large public filers, the switch flips on December 15, 2019, impacting calendar reporting entities on January 1, 2020, as anticipated. With the deadline just around the corner, those… Blog November 1, 2019 Report: UK Regulators Urged to Hold Firms and Individuals Accountable for “Unacceptable” Number of IT Failures The UK government’s Treasury Select Committee is raising the stakes on accountability for IT failures within the financial services industry, describing the current level and frequency of operational disruption and consumer harm as “unacceptable” in a report published on 28 October, 2019. “With bank branches and cash machines disappearing, customers are increasingly expected to rely on online… Blog November 5, 2019 Client Lesson #3: “Don’t Send Me Resumes, I Need a Partner.” Protiviti and Robert Half frequently host summits with our clients. These forums provide us an opportunity to listen to and learn from those we serve. We value our clients’ time and the opportunity to understand their views on various topics. This is the final post in a three-part series to share lessons we learned at a recent summit. Our first post discussed the value of resources who went into… Blog November 6, 2019 Cybersecurity, Automation, Next-Gen Audit Skills: Key Themes From the SIFMA IAS Conference Evolving cybersecurity and operational challenges continue to reshape internal audit and risk and compliance functions. On October 27-30, the SIFMA Internal Auditors Society hosted its annual internal audit conference in Miami, exploring topics ranging from audit fundamentals, to intelligent automation, analytics and auditing cyber. Protiviti Managing Director Doug Wilbert from our Risk and… Blog November 8, 2019 Podcast: Addressing Operational Resilience From an Internal Audit Perspective In a previous podcast, Protiviti Managing Director Rick Magliozzi discussed key themes from the SIFMA IAS conference, which took place in late October in Miami. In this follow-up segment, managing directors Doug Wilbert and Carl Hatfield, who presented at the conference, focus on the role of internal audit, and what first- and second-line functions can do to facilitate internal audit's role in an… Blog November 11, 2019 In Many Technology Firms, the “Tech Balance” Wave Is Building in the Finance Function Tech industry CEOs are getting more internal support than they might realize in helping their businesses achieve “tech balance.” Findings from Protiviti’s 2019 Global Finance Trends survey suggest that CFOs at technology companies are helping their organizations, knowingly or not, to make tech balance a formal business strategy. This is not a surprise, though, given that the finance function is a… Blog July 27, 2020 Suspicious Activity Reporting: Government Aid Programs in the Spotlight Amid growing media coverage of fraud related to government loan programs and unemployment insurance claims, the Small Business Administration (SBA) issued an Information Notice (IN) on July 22 dealing specifically with the identification and reporting of suspicious activity related to the Economic Injury Disaster Loans (EIDL) Program. The IN is aimed at alerting depository institutions to the… Blog July 28, 2020 Management’s Reporting on the Control Environment During COVID-19: Extra Attention Is Required Organizations across all jurisdictions and industries have been faced with the difficult task of drafting and submitting their financial statements to regulators and banks during the COVID-19 pandemic. This has led to unique challenges and logistics to ensure appropriate personnel are connected and able to perform their duties and, ultimately, report to regulatory bodies with accuracy. Many… Blog July 30, 2020 Persevering and Prospering in the Time of COVID-19: Accounts Payable The accounts payable (AP) function has a significant effect on the bottom line, third only to sales and receivables. Now, many accounts payable teams have been caught short by the Coronavirus 2019 (COVID-19) pandemic, finding themselves unable to shift rapidly and securely to a remote payables workforce. Some businesses – whose workforce capabilities and processes are extensively paper-based –… Blog August 7, 2020 Tech Can Help Oil and Gas Firms Survive Market Turmoil For organizations in the oil and gas (O&G) industry, the combined impact of COVID-19 and erratic oil prices have made for an unprecedented roller coaster ride. Many oil and gas companies are finding it difficult to cope, and others are likely to be severely impaired for the foreseeable future. However, even in the worst of times, there are tools and strategies that can help an organization… Load More
