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  • Blog
    A Recovery Pathway for Healthcare Organizations
    Do we have enough supplies for patients and staff? What will our financials look like? Is our crisis response working? These are questions many organizations are asking themselves as they go through this unprecedented time. As healthcare organizations return to a “new normal,” they are continuously attempting to determine what their pathway to recovery will look like. It is safe to say that…
  • Blog
    Compliance Assurance During the Time of COVID-19 – And Beyond
    Has there ever been a more challenging climate for the second and third lines of defence? COVID-19 has quite clearly changed the entire 2020 landscape for financial services. A flurry of economic challenges and hurdles has put tremendous pressure on the business models of both traditional organisations and upstart, digitally native firms. Risk functions, in addition to dealing with financial…
  • Blog
    New SOX Survey: COVID-19 Environment Further Drives Need for Greater Automation and Technology Adoption for Compliance Processes
    Only 46% of audit teams are utilizing advanced technologies to optimize compliance processes - a decrease from last year, according to a just-released Sarbanes-Oxley survey by Protiviti. The longstanding challenges associated with compliance with the Sarbanes-Oxley Act, such as cost and reliance on time-consuming manual tasks, are being exacerbated by the COVID-19 pandemic, as finance and audit…
  • Blog
    Rethinking Offshoring? Ideas to Consider as Momentum for Nearshoring Builds
    After two decades of  offshoring manufacturing jobs to low-cost countries thousands of miles away, many organizations in the developed parts of the world are beginning to reconsider that strategy. Even before the U.S. tariffs on Chinese imports and the COVID-19 pandemic, organizations had begun exploring opportunities to return manufacturing operations closer to home – a practice known as “…
  • Blog
    SOX Compliance: Consider COVID-19 Impact on Management Review Control Execution
    The far-reaching impact of the COVID-19 pandemic has resulted in great economic uncertainty for numerous organizations around the globe. In earlier blogs in this series, we have talked about the importance of continuing to execute and document the evidence of internal control activities, even if the activities or evidence looks different than in the past. Companies should also be assessing…
  • Blog
    Process Analytics Provides Edge in Coping With Pandemic-Stricken Supply Chains
    If your company had its supply chain disrupted during the pandemic, welcome to the 94% Club. That is the percentage of Fortune 1000 companies that are experiencing disruption to their material resources as a result of COVID-19, according to a recent Fortune Magazine article. But being a member of that unfortunate club right now doesn’t have to spell doom for the future. In fact, there are…
  • Blog
    Reentry Considerations for Finance as Companies Begin to Reopen
    As finance organizations contemplate the prospect of re-entering their offices for the first time in a long time, there are a number of logistical and practical matters to consider, and some theoretical ones as well. In addition to ensuring the continuation of proper internal controls over financial transactions and financial reporting, that means looking out for the well-being of team members…
  • Blog
    Bank Culture Reform in Hong Kong
    On 19 December 2018, the Hong Kong Monetary Authority (HKMA) issued a circular titled “Supervision for Bank Culture,” which supplements its original 2 March 2017 “Bank Culture Reform” guidance with further details. The new guidance introduced supervisory measures to Authorized Institutions (AIs), including self-assessments and site visits. The HKMA commenced a self-assessment exercise under…
  • Blog
    Rise of the SPACs: Understanding the Risks and Rewards in This Vogue IPO Vehicle
    To many market observers, 2020 will go down as the year of COVID-19. But to investment managers, especially those involved with initial public offerings (IPOs), this year may well be remembered for the rise of special purpose acquisition companies (SPACs). While traditional IPOs by and large have hit the pause button, so far in 2020, SPACs are having a banner year. As of late May, SPACs…
  • Blog
    Lessons Learned from COVID-19: A Discussion for Board Members
    The COVID-19 crisis threw companies for a loop as an economic downturn that to many may have looked like a manageable possibility in the beginning, unfortunately became a full-blown economic crisis and human tragedy. For many boards, this meant working closely with management to revisit the strategy to address new risks on top of existing ones. In the chaos, the companies that were most…
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