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  • Blog
    October 10, 2019
    With a Change in the Credit Cycle, a Rise in Special Assets Is Likely – Is Your Institution Prepared?
    In early 2016, the then-Comptroller of the Currency, Thomas Curry, issued a strongly worded report. “In the area of credit risk, the warning lights are flashing yellow,” he wrote in the OCC’s Semi-Annual Risk Perspective. “We can’t wait until the warning lights turn red.” According to the OCC, 2016 marked the fourth straight year that underwriting practices had loosened. Curry noted that banks…
  • Blog
    October 14, 2019
    Internal Audit Leaders Adopt Agile Methods to Meet Next-Gen Audit Expectations
    The Protiviti View has been examining some of the ways internal audit departments around the world are reinventing themselves, drawing on the experience of 16 innovators profiled in Internal Auditing Around the World, Volume 15. This post looks at ways internal audit teams are adopting fast and flexible “agile” development methodologies to better align audit activities with business processes…
  • Blog
    February 28, 2020
    Risk Realities and Enterprise Risk Management in 2020
    Uncertainty and opportunity are two familiar bywords of the digital age. An ever-changing and disruptive marketplace provides an abundance of opportunities, but it also creates proliferating risks which can upend any organization whether it chooses to pursue those opportunities or not. And that is what’s especially fascinating about the digital age: There is risk to taking decisive action to…
  • Blog
    March 2, 2020
    Yes, That Information Is at Risk: Pressure Rising for Oil and Gas Companies to Protect Data
    Oil and gas companies collect, work with and store a wide range of sensitive business data in the course of everyday business. However, they don’t always consider just how much malicious hackers, company insiders, nation-states and other bad actors value that data. As a result, they don’t prioritize developing a data protection program or create one that is comprehensive enough. Depending on…
  • Blog
    March 3, 2020
    Moving Finance to the Cloud: What Finance Leaders Need to Know
    As cloud technology matures, an increasing number of companies are migrating financial functions away from on-premise systems. In our most recent Finance Trends survey, more than half (58%) of the respondents said that they plan to increase their spending on cloud applications in 2020 — indicating that they either have already migrated and or are planning to do so this year. The movement of…
  • Blog
    March 4, 2020
    Major Security Vulnerabilities Could Expose Thousands of IoT Devices to Cyberattacks (Flash Report)
    IoT Vulnerabilities on the Rise A recently discovered set of Bluetooth-related vulnerabilities could mean thousands of IoT devices are vulnerable to attack and could experience deadlocks, crashes, buffer overflows and bypass of certain security settings. Researchers at the Singapore University of Technology and Design uncovered a set of 12 vulnerabilities affecting seven major system-on-a-chip…
  • Blog
    March 10, 2020
    Further Measures From the Bank of England to Support LIBOR Transition
    In what has become a steady stream of advisories from regulators globally about the financial institution’s preparedness for LIBOR transition, the Bank of England (the Bank), on February 26,  announced further measures designed to “turbo-charge sterling LIBOR transition” in a speech by Andrew Hauser, Executive Director of Markets at the Bank. The Bank recognises the progress made in 2019,…
  • Blog
    March 12, 2020
    The Future of Privacy Regulations: Coping With a Complex and Evolving Landscape
    Data privacy regulations are in flux, not only at the state and national level, but globally. Even as companies put the finishing touches on extensive preparations to comply with the European Union’s landmark GDPR law, new laws were introduced in the U.S. states of California, Vermont, Nevada, and Maine. While new laws are being passed, those in effect are already being amended. There is…
  • Blog
    March 13, 2020
    Pre-IPO Companies – Put Your Vendors’ SOC Reports on Your 2020 Reading List
    For public companies, collecting service organization control (SOC) reports is one of the important activities as of the end of their fiscal year. Companies that have not yet gone public but are considering it are advised to request these reports as part of Sarbanes-Oxley (SOX) internal control analysis, and review them for any exceptions or deficiencies, to avoid potential audit problems down…
  • Blog
    March 16, 2020
    COVID-19: Is Your Business Immunized Against Supply Chain Disruption?
    Coronavirus disease 2019 (COVID-19), which emerged in central China in late 2019, had spread to 144 countries by March 15, infecting over 124,800 people. More than 6,500 deaths have been linked to the virus. And there are concerns that the pandemic, which has also disrupted manufacturing operations and supply chains around the world — not to mention caused one of the steepest declines on record…
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