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  • Blog
    July 29, 2019
    New Staffing Strategies Can Help Finance Leaders Address Business Challenges
    Keeping up with new technologies and new compliance obligations are two of the greatest pressures finance leaders face, according to the results of a recent Robert Half Management Resources survey. This is driving private companies to change the way they get work done so they can more effectively address these and other pressures. This includes adopting new staffing strategies, scaling their…
  • Blog
    July 30, 2019
    Cyber Risks Drawing Increased Scrutiny in Public Company Transition
    As everyone who reads the news knows by now, cyberattacks can be expensive. In addition to the risk of direct loss of revenue and intellectual property, there are the potential costs of remediation, legal expenses, brand erosion and urgent cybersecurity improvements. Public companies face the additional risk of a drop in stock value, and the added responsibility of publicly disclosing not only…
  • Blog
    August 1, 2019
    FASB Proposes Delaying New Lease Standards for Private Companies, But There’s No Time to Waste
      At the start of 2019, the implementation deadline for the Financial Accounting Standards Board’s (FASB) new lease accounting standard passed for most public companies. FASB has proposed postponing the effective date for privately held organizations to the beginning of 2021, but the pressure remains on those organizations that have been struggling to meet the deadline. A survey of…
  • Blog
    August 5, 2019
    Compliance 2.0: Transforming SOX Practices With Technology
    Organizations have been getting better and more efficient at Sarbanes-Oxley (SOX) compliance practices for the past 17 years since SOX was implemented. Nonetheless, with control counts rising and external auditor expectations increasing, compliance hours are growing, too. The results of Protiviti’s 2019 Sarbanes-Oxley Compliance Survey suggest that while a reduction in hours is still possible,…
  • Blog
    August 8, 2019
    RPA or AI? To Achieve Most Automation Goals, You Need Both
    Discussions of robotic process automation (RPA) and artificial intelligence (AI) tend to follow separate tracks. This has been a function of the way these technologies have been marketed and sold. This is changing as companies realize that both RPA and AI are required to achieve any significant degree of end-to-end process automation. For example, even a company that is not ready to delegate…
  • Blog
    August 13, 2019
    CECL – A Regulators’ Perspective
    In July, we had the pleasure of hosting a panel discussion with financial regulators in Protiviti’s San Francisco office. The discussion was attended by representatives from 25 banks and financial institutions, including Bank of the West, Charles Schwab, First Republic, MUFG and Wells Fargo. The panelists were Robert Coleman, Regional Accountant from the Federal Deposit Insurance Corporation (…
  • Blog
    August 21, 2019
    Panel Discussion on FAIR Methodology Sparks Lively Interest: Key Takeaways
    At the most recent meeting of the San Francisco Bay Area Chapter of the FAIR Institute, a group of local practitioners, analysts and C-level executives gathered for a panel discussion on the Factor Analysis of Information Risk (FAIR) methodology. The discussion was hosted by Protiviti, which recently joined the FAIR Institute community as a Founding Sponsor in Advisory Services. We have…
  • Blog
    August 22, 2019
    FDIC and OCC Approve Volcker Rule Overhaul, Easing Restrictions on Bank Trading Activities
    On August 20, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) approved a set of changes to the Volcker Rule’s proprietary trading and compliance provisions. The other three Volcker Rule agencies – the Federal Reserve, the Securities & Exchange Commission and the Commodity Futures Trading Commission – have yet to approve the changes but…
  • Blog
    August 23, 2019
    Ethical AI – The Good, the Bad, and the Moral Imperative
    Artificial intelligence (AI) is revolutionizing the way companies do business. It is helping companies improve decision making, increase customer retention, bring new products to market more quickly, and experience exponential growth. A global Protiviti study found that companies leading the way with advanced AI are seeing a real competitive advantage. As AI becomes integrated into how we do…
  • Blog
    August 26, 2019
    Cybersecurity: The Other Side of Data-Driven Customer Experience
    Which of these statements is true? “Customers love when retailers provide them with a better shopping experience. Online, customers value the convenience of buying and shipping merchandise with a few clicks; personalized cross-selling and upselling features seem to read their minds. In stores, customers enjoy generous return policies enabled by retailers’ records of their past transactions…
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