• Search in Protiviti.com

Results for

  • Blog
    Furlough Planning: An Art and a Science Supported by Technology and Sound Change Management
    As many companies fight for survival in the current business environment, project teams may find themselves revising schedules to accommodate furloughs and abbreviated timelines. While this sounds like, and often is, a chaotic situation forced by an extraordinary event, business intelligence tools can bring rhyme and reason to the chaos, and alleviate much of the anxiety experienced both by those…
  • Blog
    Flash Report: European Court of Justice Invalidates the EU-U.S. Privacy Shield Framework
    In a landmark ruling with sweeping implications for global companies, on Thursday, July 16 the Court of Justice of the European Union (CJEU) ruled, in essence, that the personal data of EU citizens must be provided the same protections granted by GDPR, the European data privacy law, regardless of what jurisdiction the data is moved to or processed in – and that the Privacy Shield framework in…
  • Blog
    Digesting SWIFT’s 2020 Customer Security Programme (CSP) and COVID Guidance – and What the Changes Mean to Your Organization
    In response to the current business climate produced by the COVID-19 pandemic, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) recently issued guidance to ease the strain on customers as they work to implement its updated Customer Security Programme (CSP) and Customer Security Controls Framework (CSCF). With a network that links more than 11,000 financial institutions in…
  • Blog
    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
    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
    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
    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…
  • Blog
    Postpandemic Real Estate Strategies: It Pays to Be Nimble
    Of the many things to consider during the pandemic, one of the more challenging areas is real estate. To a large extent, companies have done an admirable job of relocating large portions of their workforce to work-from-home (WFH) status — and on very short notice. But the current crisis will ultimately pass, and now is the time for organizations to consider how the changes they are making now…
  • Blog
    Know Your Customer: It’s All About Risk
    In early 2017, Protiviti published a white paper titled Remediate Risk, Not Files: Breaking the KYC Remediation Cycle. Primarily authored by my colleague Matt Taylor, the paper proffered that one of the main reasons financial institutions have found themselves caught in an endless cycle of Know Your Customer (KYC) remediation is that their remediation efforts are focused on papering the file and…
  • Blog
    Internal Audit Leaders Need to Step Up Next-Gen Innovation and Transformation Initiatives, Protiviti Survey Finds
    According to the findings from Protiviti’s 2020 Next Generation Internal Audit Survey, chief audit executives (CAEs) and internal audit leaders report their next-generation competency levels in three vital areas – governance, methodology and enabling technology – to be remarkably low. There is a danger that, if increasing these competencies and transforming the audit process is not viewed as a…
Loading...