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  • Blog
    SOX Compliance Under COVID-19: The Show Must Go On (Part 1)
    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 the public interest by maintaining the full rigor of internal control requirements. As a result, a number of challenges need to be addressed. I had the…
  • Blog
    Assessing Risk in Dynamic Times: Challenge Brings Opportunity to Internal Audit
    COVID-19 has thrown a wrench into business operations around the world. Workplaces once teeming with workers sit empty as staffs have worked from home for the last several weeks. Considering the fact that major organizations have announced that remote working could become permanent for some of their employees, business won’t return to the “old normal” anytime soon, if ever. The disruption is…
  • Blog
    For Financial Industry, Post-Pandemic Resilience Building Should Focus Equally on Operational Successes and Failures
    The COVID-19 pandemic’s impact on lives, livelihoods, economic stability and business continuity (for small enterprises particularly) continues to be overwhelming. But, in contrast to the financial crisis of 2008, the pandemic is not a financial industry-driven event. This time around, the industry has been a critical part of the solution rather than part of the problem. At the onset of the…
  • Blog
    Taking Physical Inventory While Working Remotely – A Unique Challenge in Manufacturing
    Amid the crisis of the COVID-19 global pandemic, organizations are scrambling to convert activities traditionally performed in person to remote-friendly processes. Historically, taking physical inventory of an organization’s assets is primarily an in-person and manual process. Thus, the need to avoid physical contact during a pandemic is presenting unique challenges for manufacturing…
  • Blog
    Paycheck Protection Program Developments, Week Ending June 12
    On June 10, Secretary of Treasury Mnuchin and Small Business Administration (SBA) Administrator Carranza testified before the Senate Committee on Small Business and Entrepreneurship on the implementation of the CARES Act, including the Paycheck Protection Program (PPP). Later that day, the SBA released another interim final rule and updated Loan Forgiveness Applications, primarily to implement…
  • Blog
    Countdown to CCPA: The 5 Most-Asked Questions
    With less than two weeks to go before enforcement of the California Consumer Privacy Act (CCPA) begins on July 1, 2020, Protiviti and Robert Half Legal held a webinar that took a look at what the first 100 days of CCPA have been like for companies subject to the recent privacy law. We explored the most critical compliance challenges facing companies that are still ramping up their CCPA privacy…
  • Blog
    Get Ready to Resume Elective Procedures and Surgeries
    One major impact of the COVID-19 pandemic was the recommendation from the Centers for Medicare & Medicaid Services to cancel elective surgeries and procedures, essentially redirecting hospital resources to manage the insurgence of COVID-19 patients. The initial response was one of cooperation and concern for patient safety, which resulted in a significant loss of hospital revenue. It was…
  • Blog
    SOC Reports: Anticipating Challenges Can Help Minimize Disruption of SOX Compliance Programs
    Many organizations outsource business processes and obtain SSAE 18 Service Organization Control (SOC) 1 reports. Due to the COVID-19 pandemic, some of these SOC-1 reports may either be delayed in their issuance, as external auditors navigate the new remote working environment, or contain adverse opinions due to changes in controls at the service providers as a result of COVID-19. Additionally,…
  • Blog
    Managing and Mitigating Credit Risks and Losses Through the Crisis and Beyond
    Many financial institutions have moved quickly to operationalize changes needed to address the near-term and longer-term impacts of the COVID-19 global pandemic. In a recent webinar conducted by Protiviti, credit risk management and mitigation techniques were explored in depth. More than 1,100 people attended, and many of them shared their most pressing concerns and views through polling…
  • Blog
    A Finance Labor Model Tailor-Made for Navigating Crises
    What happens to a business that is heavily reliant on its finance operations located in a foreign country, and it discovers that a government response to a global pandemic has sent the members of that team to shelter at home, cutting it off from access to the office with little or no warning? Clearly, that’s not a theoretical question today. It is what happened in the past weeks to dozens of…
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