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  • Blog
    March 22, 2019
    PCAOB Issues Outlook to Audit Committees for 2019 Staff Inspections
    On March 14, the PCAOB released a Staff Inspection Brief highlighting its strategic focus on enhanced engagement with key external stakeholders, including audit committees. The brief is intended to help audit committees and registered public accounting firms understand and comply with PCAOB Auditing Standards and is useful for preparers and issuers to understand issues that impact their auditors…
  • Blog
    March 25, 2019
    Energy and Utilities Firms Need to Prepare for a Digital Future
    For U.S. energy and utilities companies, 2019 is shaping up to be a positive year, supported by sound economic fundamentals. In particular, commodity prices are stable, energy demand is trending up, and real gross domestic product continues to grow, helping bolster and propel the industry. Organizations that have invested in efforts to drive greater operational efficiencies are starting to see…
  • Blog
    March 26, 2019
    Sustainable Supply Chains – Desired and Required
    With greater consumer awareness and changing social values, most organizations these days feel compelled to report on their sustainable business practices. Not only are such disclosures good for the image of the company, but they come with concrete financial benefits attached – one in every four dollars invested in the United States, and $23 trillion globally, come from investors who say that…
  • Blog
    April 1, 2019
    Identity and Access Management in Financial Services – Staying Ahead of the Curve
    Organizations are feeling the heat. Companies across all industries are under pressure to innovate and create new ways of doing business to stay relevant. For financial services organizations in particular, these pressures are even stronger due to fierce competition from industry behemoths as well as new, “born digital” start-up companies. Among the many challenges: balancing complex and ever-…
  • Blog
    April 4, 2019
    Why Auditors Rarely Find Fraud
    Updated November 11, 2022 In today’s world, where corporate scandals often make front-page news, fraud prevention and detection are becoming a priority for management and decision-makers. An alarming fact reported by the Association of Certified Fraud Examiners (ACFE) stated that an average organisation loses an estimated 5% of its annual revenue to fraud. Hence, fraud is posed as one of the…
  • Blog
    April 9, 2019
    Applying Qualitative Factor Overlays on CECL Models: Key Considerations
    With the initial deadline for adherence to the Current Expected Credit Loss (CECL) accounting standard approaching, regulators and industry representatives gathered in New York recently for the CECL 2019 conference to discuss the top-of-mind considerations for CECL and understand what public, SEC-filing institutions should be doing to prepare to go live with the standard on January 1, 2020. One…
  • Blog
    April 15, 2019
    Companies Could Use More CFO Insight, And CFOs Could Use More AI
    “If it ain’t broke, don’t fix it.” This famous defense of the status quo was popularized in 1977 by Bert Lance, a Georgia banker and Director of the U.S. Office of Management and Budget under President Jimmy Carter. It is apt that such wisdom would come from a banker, especially one who served, albeit briefly, as America’s chief financial officer (CFO). Anyone who has ever wrestled with trying…
  • Blog
    June 5, 2020
    Rise of the SPACs: Understanding the Risks and Rewards in This Vogue IPO Vehicle
    To many market observers, 2020 will go down as the year of COVID-19. But to investment managers, especially those involved with initial public offerings (IPOs), this year may well be remembered for the rise of special purpose acquisition companies (SPACs). While traditional IPOs by and large have hit the pause button, so far in 2020, SPACs are having a banner year. As of late May, SPACs…
  • Blog
    June 8, 2020
    Lessons Learned from COVID-19: A Discussion for Board Members
    The COVID-19 crisis threw companies for a loop as an economic downturn that to many may have looked like a manageable possibility in the beginning, unfortunately became a full-blown economic crisis and human tragedy. For many boards, this meant working closely with management to revisit the strategy to address new risks on top of existing ones. In the chaos, the companies that were most…
  • Blog
    June 9, 2020
    Transparency, Empathy, Consistency, Frequency – Keys to Crisis Communications
    On June 2, 2020, Protiviti Advisory Board member Susan Molinari and Protiviti Executive Vice President Patrick Scott joined Protiviti Managing Director and moderator Frank Kurre for a webinar discussion entitled “How Should You Communicate with Customers During a Crisis?”The webinar explored a number of questions around best practices for communicating with clients during this time of COVID-19…
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