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 January 9, 2020 LIBOR Transition: Preventing History From Repeating Itself The London Interbank Offer Rate, or LIBOR, which according to the New York Times is the “one number that arguably matters more than any other” in the world of finance, will no longer be the primary benchmark rate used by the financial services industry as of year-end 2021. In the 35 years since the financial markets began using LIBOR, firms across the financial services industry, including… Blog January 14, 2020 A Rise in Collaboration Between Internal Audit and IT Is a Welcome Trend In mid-October, Protiviti and ISACA released the 2019 Global IT Audit Benchmarking Study, for which we surveyed more than 2,200 internal audit (IA) executives and professionals around the world. We summarized the key findings of the survey in this post, and we discussed them at greater length during a recent webinar. In this post, I want to elaborate on one specific finding, which made the top… Blog January 15, 2020 RPA Deployments Remain Untapped Opportunities for Oil and Gas Companies Energy and utilities businesses, like many companies, can benefit from using robotic process automation (RPA) to drive efficiencies, boost speed to market and bolster financial performance. However, many of these firms — and oil and gas companies, in particular — have been slow to invest in RPA projects. While they are applying new technology and automation in the field, doing the same in back-… Blog January 15, 2020 BlackRock’s Larry Fink Draws Another Line in the Sand – The Message Is Getting Clearer On Jaunary 14, BlackRock’s Chairman and CEO Larry Fink issued his annual letter to public company chief executives. BlackRock is a global investment management company, the world's largest, with almost $7 trillion in assets under management as of September 2019. This year’s letter conveys several important messages that are worth noting by those responsible for corporate strategy setting, policy… Blog January 16, 2020 Next-Gen Internal Audit: What Do We Mean When We Talk About Agile Audit? As businesses focus on digital transformation for speed and service, they tend to put more emphasis on individuals and interactions than processes and tools. In the process, rigid hierarchical business processes are being replaced with collaboration, iterative processes and constant communication across the enterprise. These new methodologies are borrowed from software development, where they… Blog January 17, 2020 Make ESG Part of the Public Company Readiness Checklist — Your Valuation Could Depend on It The public company readiness checklist for any business working toward an initial public offering (IPO) is long and complicated. And now, there are signs in the marketplace that for many companies aiming for an IPO, this checklist may need to include an analysis of environmental, social and governance (ESG) performance and reporting. Demonstrating meaningful effort and progress with ESG issues… Blog January 27, 2020 Agile Internal Audit: How to Audit at the Speed of Risk There's never been a better time to be an internal auditor. The internal audit profession is being asked to respond to an ever-increasing set of issues that reside in technology, compliance, culture, risk and other emerging hot topics. The ability for internal audit functions to remain relevant and address the needs of their clients is incumbent upon using new tools and techniques, including the… Blog January 28, 2020 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 January 29, 2020 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… Blog January 30, 2020 In Latest Operational Resilience Proposals for UK Institutions, Regulators Outline Expectations for Outsourcing Arrangements and Third-Party Risk Management Financial institutions should expect their outsourcing and third-party risk management practices to come under increased scrutiny as part of the growing regulatory focus on the operational resilience of the financial services sector. The series of coordinated consultation papers on operational resilience, published by the UK supervisory authorities in December 2019, provide the strongest… Load More
