Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog Working Together: Bank Regulators Encourage Flexibility and Offer the Same During COVID-19 Pandemic It goes without saying that COVID-19 has disrupted the world in a manner not seen before in our lifetimes and has required everyone to make adjustments to their personal and work routines. In response to the outbreak, bank regulatory agencies in the U.S. have encouraged financial institutions to be flexible and work constructively with customers impacted by these events. In return, the… Blog COVID-19 Impacts on Accounting, Reporting and Internal Controls The coronavirus 2019 (COVID-19) pandemic has brought major disruptions worldwide, with further impacts yet to be felt. For many businesses, operations are curtailed or dramatically shifted, and supply chains are disrupted. New regulatory and operating guidance is issued daily, with a fair amount of it impacting financial accounting and reporting. For example, the SEC just issued an announcement… Blog Treasury Department Issues More Detailed Guidelines for Small Business Paycheck Protection Program (updated May 4, 2020) The Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law last Friday offers a lifeline to small businesses and sole proprietors (generally those with 500 or fewer employees) in the form of the Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA). This program authorizes $350 billion in forgivable loans, based on the size of their… Blog Credit Reporting During COVID-19: Loan Accommodations, the CARES Act and Amended FCRA Requirements Imagine a scenario whereby your livelihood is upended by the COVID-19 pandemic. You are a retail store clerk, a flight attendant, a bartender, an owner of a “non-essential” small business, a sales representative, or any of the 10 million people who have recently filed for first-time unemployment since mid-March 2020. You have a mortgage and call your mortgage company to work out a temporary… Blog Regulators Support CARES Act Forbearance by Offering Flexibility to Mortgage Servicers As the COVID-19 pandemic continues to threaten the health of the nation, the preventive measures required to control its spread have imposed equal challenges to the health of the economy. The closing of non-essential businesses and requirements to shelter in place have cost many Americans their jobs and their ability to meet their financial obligations. The CARES Act, which was signed into law… Blog Respond and Learn: COVID-19 Disruption Provides Opportunities to Improve Operational Resilience Companies have talked for years about operational disruption and business continuity management (BCM), but few have contemplated an event like the COVID-19 pandemic. Businesses today find themselves facing an “extreme but plausible” event that previously could only be considered in theory. Protiviti has been monitoring the pandemic response of companies around the globe. We held a webinar last… Blog Is Servitization Manufacturing's Future? For Many, the Answer Is Yes. Many manufacturers see “servitization” — the process of moving from a product-centric business model to a bundled product-and-service one — as an inevitable future shift for their organization. What they often have difficulty visualizing, though, is when and how to make that move, and how long they may need to wait before they see a return on their investment from this new strategy. The latter… Blog Top Risks for 2018: Disruptive Innovation, Resistance to Change Having had a year to digest the aftermath of the U.S. election-driven economic, global trade, regulatory and other jitters that may have skewed the global risk outlook for 2017, executive perspectives on the top risks for 2018 have refocused on technology-driven change, and how well organizations are prepared to manage that transformation. Earlier this month, Protiviti and North Carolina State… Blog Perception vs Reality: What Is Procurement's True Value When It Comes to Savings? In Protiviti's Procurement Survey, conducted in the first quarter of last year, two findings stood out: Half of finance function respondents reported that only 20 percent of the savings procurement claims to achieve fall to the bottom line, and Only one-third of respondents, from both finance and procurement, agreed that there was a collaborative relationship between the two functions.… Blog Security Advisory: Meltdown and Spectre – Processor Flaws Expose Networks to New Class of Vulnerabilities Security researchers have identified a flaw, present in most computer processors, that allows unauthorized disclosure of information. The flaw, which affects most major processor manufacturers, is the first known instance of a security vulnerability at the processor level, and could be exploited in servers, workstations (including laptops), network infrastructure, mobile devices, IoT devices and… Load More
