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  • Blog
    April 7, 2020
    Regulators Support CARES Act Forbearance by Offering Flexibility to Mortgage Servicers
    As the COVID-19 pandemic continues to threaten the health of the nation, the preventive measures required to control its spread have imposed equal challenges to the health of the economy. The closing of non-essential businesses and requirements to shelter in place have cost many Americans their jobs and their ability to meet their financial obligations. The CARES Act, which was signed into law…
  • Blog
    April 8, 2020
    Respond and Learn: COVID-19 Disruption Provides Opportunities to Improve Operational Resilience
    Companies have talked for years about operational disruption and business continuity management (BCM), but few have contemplated an event like the COVID-19 pandemic. Businesses today find themselves facing an “extreme but plausible” event that previously could only be considered in theory. Protiviti has been monitoring the pandemic response of companies around the globe. We held a webinar last…
  • Blog
    April 9, 2020
    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
    April 10, 2020
    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
    April 13, 2020
    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
    April 15, 2020
    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
    April 16, 2020
    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
    April 17, 2020
    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…
  • Blog
    April 20, 2020
    The COVID-19 Effect on IPOs: Pre-Public Firms Press “Pause” for Now, but IPO Readiness Must Continue
    With the Covid-19 pandemic raging and the related turbulence in the financial markets, a number of high-profile companies have postponed or slowed the pace of their initial public offerings (IPOs). Based on historical trends during other downturns, the pause on IPOs likely will continue even after markets stabilize, as firms observe a cooling-off period until they gain enough confidence in both…
  • Blog
    April 20, 2020
    FEMA Funding $$$$ Beginning With the End in Mind: COVID-19 Efforts
    Located within the Department of Homeland Security, the Federal Emergency Management Agency (FEMA) is responsible for coordinating the federal government’s response to natural and manmade disasters. FEMA is charged with providing both immediate and long-term assistance to local and state governments as well as individuals. FEMA funds are traditionally a large source of federal government…
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