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  • Blog
    May 4, 2020
    Section 1135 Waivers: “Patients Over Paperwork” Does Not Mean NO Paperwork
    On March 13, 2020, President Trump declared a national emergency in response to the COVID-19 pandemic, enabling the Secretary of the U.S. Department of Health and Human Services to temporarily suspend, modify and give flexibilities (authorized under Section 1135 of the Social Security Act) for certain federal requirements related to the Medicare conditions of participation, state Medicaid plans,…
  • Blog
    May 5, 2020
    Utilizing Technology to Streamline Documentation, Coding and Billing Requirements of COVID-19 Cases
    On April 1, 2020, the Centers for Disease Control and Prevention (CDC) announced a new ICD-10-CM code to document the diagnosis of COVID-19. The CDC originally planned to implement this code on October 1, 2020, but expedited the implementation due to the rapid spread of the novel coronavirus. The American Medical Association (AMA) and the Centers for Medicare and Medicaid Services (CMS) also…
  • Blog
    May 6, 2020
    SOC Reports: Anticipating Challenges Can Help Minimize Disruption of SOX Compliance Programs
    Many organizations outsource business processes and obtain SSAE 18 Service Organization Control (SOC) 1 reports. Due to the COVID-19 pandemic, some of these SOC-1 reports may either be delayed in their issuance, as external auditors navigate the new remote working environment, or contain adverse opinions due to changes in controls at the service providers as a result of COVID-19. Additionally,…
  • Blog
    May 7, 2020
    Managing and Mitigating Credit Risks and Losses Through the Crisis and Beyond
    Many financial institutions have moved quickly to operationalize changes needed to address the near-term and longer-term impacts of the COVID-19 global pandemic. In a recent webinar conducted by Protiviti, credit risk management and mitigation techniques were explored in depth. More than 1,100 people attended, and many of them shared their most pressing concerns and views through polling…
  • Blog
    May 8, 2020
    A Finance Labor Model Tailor-Made for Navigating Crises
    What happens to a business that is heavily reliant on its finance operations located in a foreign country, and it discovers that a government response to a global pandemic has sent the members of that team to shelter at home, cutting it off from access to the office with little or no warning? Clearly, that’s not a theoretical question today. It is what happened in the past weeks to dozens of…
  • Blog
    May 11, 2020
    Paycheck Protection Program: A Good Idea Going Bad?
    The basis for the Paycheck Protection Program was (and remains) compelling: COVID-19 and associated stay-at-home orders were wreaking havoc with the small businesses that form the backbone of the U.S. economy. Something had to be done, and quickly, to save those businesses from their demise. The solution was the inclusion of the paycheck protection program, also known as PPP, in the Coronavirus…
  • Blog
    May 12, 2020
    So You Had a Plan … Resetting the Technology Portfolio to Align With the Reemergence Strategy
    With the COVID-19 global pandemic upending life as we know it, organizations face a landscape and a future that is drastically different from what they perceived at the start of 2020. Altered priorities of customers, disruptions throughout the supply chain and new emerging opportunities are causing significant shifts in the corporate strategies in boardrooms across the globe. The goals and…
  • Flash Report
    May 14, 2021
    President Biden executive order to strengthen U.S. Cybersecurity will impact federal agencies and public and private sector organisations
    On May 12, President Joe Biden issued the Executive Order on Improving the Nation’s Cybersecurity. This executive order (EO) is the most recent action by the administration to strengthen U.S. national cyber defenses and address cybersecurity threats and attacks that continue to grow in magnitude, impact and frequency. It is intended to protect networks in the federal, public and private…
  • Blog
    June 3, 2019
    Advanced Data Mining Technologies and AI Can Aid Firms’ Transition from LIBOR to Alternative Risk-Free Rates
    As the financial markets prepare for potential disruptions from the phasing out of the London Interbank Offered Rate (LIBOR) and selection and implementation of alternative risk-free rates (RFR) by the end of 2021, financial institutions are seeking creative solutions to help manage the anticipated workload and transition risks. On a macro level, institutions currently have myriad concerns…
  • Blog
    June 5, 2019
    Who Is Watching the Bots? Part 1 – RPA Governance
    Just as a civil society relies on the rule of law, robotic process automation (RPA) at scale requires good governance to enable success while helping to mitigate associated risks. In this post, the first of two highlighting key points from our recent RPA webcast, we look at some elements of good RPA governance. Governance – the establishment of polices, and the implementation and monitoring of…
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