Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog Why Organizations Should Consider a Cybersecurity Program Office As part of our Cybersecurity Webinar Series, we presented a webinar recently, discussing the value of establishing a program office dedicated to cybersecurity. Cyber crime is now considered one of the top three risks to an enterprise. Many organizations seek to build security by adding tools and processes on top of their established operations. We explore whether a different approach results in… Blog Hamstrung by Technology: What Organizations Can Do Now to Address Technical Debt The issue of technical debt – outdated technologies at the core of an organization's IT infrastructure – is becoming increasingly urgent as new digital technologies and emerging players unburdened by legacy systems reshape the competitive landscape. The problem is especially acute in the financial services industry, where mainframe technology supports key customer interfaces, and replacing it… Blog A Guiding Principle for a Smooth Transition: Get Smart While Getting Things Done! The merger and acquisition (M&A) fairytale goes like this: “I’m going to combine these companies and achieve great economies of scale – lower costs, less complexity.” The M&A reality is more like this: “Disentangling key dependencies takes longer than expected, the best people leave at the worst time, processes don’t align to system changes in a few client-facing areas, security… Blog Next Generation Internal Auditing: Addressing Risk in the Midst of Rapid Change At the SIFMA Internal Audit Society Annual Conference earlier this month in Nashville, Protiviti sponsored a breakout session of future-minded internal auditors talking about innovation in the profession. The panel was moderated by my colleague, Protiviti Managing Director Michael Thor, and featured Michael Bidun, Executive Director in charge of internal audit innovation at Morgan Stanley;… Blog Enhancing Security Strategy for Cloud-Based Technology As part of our Cybersecurity Webinar Series last month, we presented a webinar on enhancing security strategy for cloud-based technology. Here is a summary of the topic discussed. For the full discussion, including questions from the live audience, click on this link to listen to the archived version of the webinar. State of the Industry Digital innovation is a double-edged sword: while it… Blog The Responsible Tech Firm Series Part 4: Corporate Social Responsibility Until fairly recently, companies rarely took public positions on anything but their products or services. That’s changing, particularly in the technology industry, as customers, shareholders and employees demand corporate social responsibility (CSR). Companies that want to build strong brands need to address CSR issues or face the prospect of losing investors, employees, and even the ability to… Blog 2018 Finance Trends: Security, Privacy and Governance of Finance Data Are Top Concerns, for Good Reason Data security and privacy is receiving a lot of attention at the highest levels of organizations these days. Boards are asking about it, executive management is concerned about it, and a growing number of regulations are placing demand on organizations to respond and comply appropriately. We are not surprised then that finance data security and privacy ranked as the top priority for the finance… Blog U.S. Bank Regulators Encourage Innovation in the Fight Against Financial Crime In welcome news to the banking industry, the U.S. federal banking regulators (Board of Governors of the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and the National Credit Union Administration), along with the Financial Crimes Enforcement Network (FinCEN, and collectively the Agencies) issued a joint statement on December 3, 2018,… Blog CECL and the New AICPA Practice Aid (Part 2): Financial Statement Presentation and Enhanced Financial Statement Disclosures New accounting standards that fundamentally change the way financial services organizations calculate current expected credit losses (CECL) took effect for large institutions on January 1, 2020. The new standards are part of a broader effort to increase the accuracy of financial statements and provide more transparency for stakeholders. Smaller financial organizations and private institutions… Blog SEC Joins the PCAOB in Emphasizing the Importance of the Audit Committee’s Role On December 30, 2019 the Securities and Exchange Commission (SEC) issued a statement on the role of audit committees in financial reporting. This statement follows by a few weeks a similarly focused report from the Public Company Accounting Oversight Board (PCAOB). Together, the two releases underline the importance these regulators place on a well-informed, engaged, objective and effectively… Load More
