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  • Blog
    Looking for Innovation? Ten Ideas to Help Companies Break the Mold
    Finding new and effective ways of solving your clients’ biggest problems, growing your business and edging out the competition can be a challenge for many organizations. Traditional organizational structures and cultures, and the fear of failing or taking risks are just a few hurdles that can stand in the way of innovation. As part of Protiviti’s mission of helping institutions navigate today’…
  • Blog
    Dynamic Markets, Changing Regulations: Is Your Loan Portfolio Management Practice Moving in Step?
    The loan portfolio is one of the greatest sources of risk to a bank, according to the Office of the Comptroller of the Currency (OCC). As such, effective loan portfolio management (LPM) is fundamental to a bank’s safety and ability to identify and take action to address changes in the credit environment. This is particularly evident when one considers the wide variety of events that can affect…
  • Blog
    FFIEC’s Updated BCM Booklet Highlights Operational Resilience Concepts
    Compared to the 2015 version, the updated business continuity management booklet released in November 2019 by the Federal Financial Institutions Examination Council (FFIEC) offers increased clarity, with detailed examples designed to make it easier for financial institutions to comply with its guidance and to help examiners determine whether management are addressing risks related to the…
  • Blog
    Focused on Digital Transformation? Lead With People, Not Technology
    Many observers rightly consider the digital transformation of the business landscape and beyond to be the next industrial revolution. And like previous such revolutions, it will have far-reaching effects on how businesses operate, resulting in many new successful enterprises and an even larger number of failing ones. In grappling with digital transformation, organizations often make the…
  • Blog
    A CISO Agenda for Addressing COVID-19 Challenges
    With millions of workers around the globe working from home in an effort to contain the spread of COVID-19, the guardians of information security are facing an unprecedented array of challenges, from network capacity concerns to an escalation in cybersecurity incidents. As organizations alter their operating models to accommodate a remote workforce, chief information security officers (CISOs)…
  • Blog
    COVID-19 Crisis Drives FASB to Propose Delays to Effective Dates of Revenue Recognition and Lease Accounting Standards for Certain Entities
    At its April 8 meeting, the Financial Accounting Standards Board (FASB) proposed delaying, for certain entities, the effective dates of its accounting standards for revenue recognition (Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606)) and lease accounting (Accounting Standards Update No. 2016-02, Leases (Topic 842)). The board proposed these revised…
  • Blog
    The Federal Reserve Steps in to Help Small and Medium-Sized Businesses
    During the week of April 6, we saw the Federal Reserve take several decisive actions to try to stabilize the economy. Three of these actions were specifically focused on assisting small and medium-sized businesses by making participation in the paycheck protection loan program (PPP program) more palatable for the banking industry and by introducing and expanding loan programs for small and medium…
  • Blog
    Your Healthcare Organization’s Lifeline – A Business Continuity Plan
    Business continuity plans are the lifeline for keeping healthcare organizations viable and operational in order to provide care for the community during and after an emergency. During an event such as the COVID-19 pandemic, healthcare organizations must activate both their required emergency preparedness plans and their business continuity plans. An emergency preparedness plan is intended to…
  • Blog
    Telehealth – The Game Has Changed
    The disruption the COVID-19 pandemic has created within the healthcare delivery system and the high demand for access to care have led to rapid and extensive expansion of coverage for telehealth services. Not only do providers now have greater flexibility to safely treat patients using telehealth modalities, but reimbursement for those services has also improved. Medicare has recently announced…
  • Blog
    COVID-19 and SOX: Practical Considerations While Navigating the Crisis
    With the impact of COVID-19 extending further every day, its impact on organizations’ Sarbanes-Oxley (SOX) programs is unlikely to be their top priority. However, despite the fact that the SEC has allowed for some delay in filing dates, business continues. Internal controls must still be executed and documented, even if in a different manner than was done historically. Continuing to pay attention…
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