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 June 18, 2020 LIBOR Transition During the Pandemic: Is Your Program Management Office Ready to Take on the Challenge? Across the globe, governments and financial institutions continue to prepare for the shift targeted for the end of 2021, from the London Interbank Offered Rate, or LIBOR, to alternative risk-free rates (RFR). The deadline for retiring the LIBOR remains unchanged, according to various government and regulatory bodies, including the Bank of England and the Federal Reserve, despite significant… Blog June 22, 2020 CECL and the AICPA Practice Aid (Part 4): Modeling Considerations and COVID-19 As we continue our series of blog posts examining the AICPA Practice Aid on preparing for the new current expected credit losses (CECL) standard, this post on modeling considerations is especially timely given the economic upheaval of the ongoing COVID-19 pandemic and the dramatic effect that it is having on loss models. Many of the assumptions built into January models were no longer valid by… Blog June 23, 2020 Data Privacy Isn’t Just One and Done: How to Stay on Top of Changes and Ensure Ongoing Compliance Two years ago, organizations were rushing to comply with the European Union’s (EU’s) General Data Protection Regulation (GDPR). After a flurry of activity and changes to privacy settings and disclosure, many felt they could move on once they’d checked that compliance box. But things have not remained static from a regulatory standpoint. In May, the European Data Protection Board published yet… Blog June 23, 2020 SOX Compliance Under COVID-19: The Show Must Go On (Part 2) Although the Securities and Exchange Commission (SEC) granted one 45-day extension for public companies subject to Sarbanes-Oxley (SOX) reporting requirements, the regulator still expects companies to appropriately protect investors and public interest by maintaining the full rigor of internal control requirements. As a result, there are a number of challenges that need to be addressed.… Blog June 24, 2020 Harnessing Intelligent Automation to Increase Resilience The COVID-19 pandemic has painted a sharp performance contrast between companies that are digitally mature and those that are not. These distinctions are likely to grow even sharper in the period following the global health crisis, with some companies permanently crossing into the world of intelligent process automation – necessitated during the lockdown by furloughs, remote work, a rise in cyber… Blog June 25, 2020 Cloud Oversight in Financial Services: Understanding Responsibility and Control As financial service and financial technology companies move critical infrastructure to the cloud, they have a shared responsibility with cloud service providers (CSPs) to safeguard sensitive information. Regulators are becoming more prescriptive in their oversight of cloud operations, revealing a gap between regulatory expectations and a frequent lack of clarity among CSPs and institutions about… Blog June 26, 2020 Persevering and Prospering in the Time of COVID-19: Keep Accounts Receivable Turning One of the many reasons businesses are suffering during the COVID-19 pandemic is that their customers are challenged in managing their cashflow, resulting in reducing or delaying payments. In addition, the accounts receivable function is not an easy one to operate remotely; billing operations and collections/cash application teams may be slower than usual as employees work from home. For some… Blog June 30, 2020 Getting to Resilient: Reimagining Crisis Management and Business Continuity Planning in a New Reality COVID-19 has exposed glaring deficiencies in business continuity and crisis management plans at organizations across all industries. And while executives and management today are focusing the lion’s share of their efforts on responding to the day-to-day upheaval caused by the virus, they should be preparing now for the possibility of a second wave that further disrupts business. In a recent… Blog July 1, 2020 Beyond Business Continuity Management: Building Resilience for Extreme but Plausible Events in a Post-COVID-19 World The concept of an extreme but plausible event is a moving and expanding target. Over time, our thinking on what can be deemed implausible or improbable will continue to evolve. The magnitude of impact from real events will reshape our view of what today is considered extreme. It is true that organizations and their business continuity management (BCM) teams often contemplate scenarios that are… Blog July 1, 2020 New Territory: Private Equity Firms Eye the 401K Market With good reason, private equity (PE) firms are abuzz about the recent Information Letter from the U.S. Department of Labor (DOL), which permits PE firms to market PE funds as components of target date, target risk, or balanced funds. On June 3, the DOL issued an Information Letter under the Employee Retirement Income Security Act (ERISA). The letter concerns PE investments as components… Load More
