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  • Blog
    Healthcare Internal Audit During a Pandemic — Going From React to Rethink
    The past 20 years have presented three distinct crises that have had profound worldwide implications: the terrorist attacks of 9/11, the financial crisis of 2008, and now the global pandemic that is COVID-19. Each of these crises was considered unprecedented and presented real risks to our world, society and the economy. The benefit of living through unprecedented events is that the experience…
  • 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
    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…
  • Blog
    Transparency, Empathy, Consistency, Frequency – Keys to Crisis Communications
    On June 2, 2020, Protiviti Advisory Board member Susan Molinari and Protiviti Executive Vice President Patrick Scott joined Protiviti Managing Director and moderator Frank Kurre for a webinar discussion entitled “How Should You Communicate with Customers During a Crisis?”The webinar explored a number of questions around best practices for communicating with clients during this time of COVID-19…
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