Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog August 10, 2017 Transitioning to the New Revenue Recognition Standard Will Likely Be Harder Before It Gets Easier The new revenue recognition accounting standard from the Financial Accounting Standards Board (FASB) is going into effect for most public companies in their next fiscal year, and a year later for everyone else. This fast-approaching deadline explains the increased interest and focus on the standard in Sarbanes-Oxley initiatives. The focus also showed up more demonstrably in our 2017 SOX survey… Blog August 14, 2017 Trade, Populism and the Price of Progress: How Is Your Industry Adjusting? Even as technology makes the world smaller and more interconnected, the current rise of nationalism in Western countries reminds us that progress is rarely linear and disruption rarely without consequence. With the growing trend toward digitalization of supply chains and warehouses, the potential for cost-effective, efficient global trade has never been greater. At the same time, political… Blog August 16, 2017 Higher Costs, More Satisfaction, Unabated Interest – SOX Compliance Has It All Early this summer I participated in a webinar to discuss the results of Protiviti’s 2017 Sarbanes-Oxley (SOX) Compliance Survey, an annual look at how publicly traded companies are complying with the 2002 law. Protiviti began assessing SOX impact on company resources eight years ago, in addition to delineating how the law impacts organizations based on size, maturity and industry. Protiviti’s… Blog August 18, 2017 An Involved and Agile IT Audit Function Is Key to Cybersecurity Reports of corporate cybersecurity breaches in the news are becoming as routine as the weather report, and the global risk stemming from these threats has never been higher. In fact, there are growing and credible concerns that malicious hacking groups have begun a cyber war against companies. In the midst of this hostile cybercrime climate, the IT audit function has become critical to ensuring… Blog August 23, 2017 SOX Compliance: PCAOB Inspections Drive Change in External Audits What a difference a year makes. Since the Public Company Accounting Oversight Board (PCAOB) began publishing inspection reports on external auditors, Protiviti has been measuring the effect of those reports on Sarbanes-Oxley (SOX) compliance activities in our annual SOX Compliance Survey. In our most recent survey, we asked companies that experienced significant changes to SOX compliance… Blog August 28, 2017 CFPB Final Rule on Arbitration, OCC Top Priorities, Virtual Currency Fines and Amended TRID Rule Featured in This Month's Compliance Insights Protiviti published the August issue of Compliance Insights last week. In the podcast below, Managing Director Steven Stachowicz discusses two of the topics in this month's newsletter: the much anticipated — and now final — arbitration rule by CFPB, and compliance risk management as highlighted in the OCC's Semiannual Risk Perspective. Download the free newsletter for the full set of compliance… Blog August 31, 2017 Assurance and Advisory – Balancing Stakeholder Expectations in Internal Audit We are living in a golden age of internal audit: Membership in The Institute of Internal Auditors (The IIA) is at an all-time high (200,000 members) Conferences and programs are filled near capacity around the globe We are part of the conversation in board rooms and in management circles Career surveys are placing us among the top ten professions to enter into While these are all great… Blog September 8, 2017 Basel Committee Flags Fintech Hopes and Fears in New Consultation Paper Amid all of the hype about fintech, regtech and technology innovation in the financial services industry, the Basel Committee on Banking Supervision has released a new consultative document. Sound Practices: Implications of fintech developments for banks and bank supervisors is the result of months of thinking by the international financial services regulatory body, which aims to provide… Blog September 11, 2017 Robotic Process Automation in Financial Services: Lifting the AML Compliance Burden As we wrote in July, financial institutions are increasingly using robotic process automation (RPA) alongside human operators to perform high-volume and repetitive tasks. This is allowing banks to shift human resources to more productive roles, such as analytics and due diligence, while accelerating processing and eliminating error-prone manual processes. Regulatory compliance is one area where… Blog September 12, 2017 PCAOB Issues Preview of 2017 Inspection Process of Registered Auditors and Their Audits of Issuers On August 30, the PCAOB published a Staff Inspection Brief that offers guidance into the plan, scope and objectives of its 2017 inspections of registered auditors and their audits of issuers. This is the third year that the PCAOB has provided auditors a roadmap into its inspection process, and as in past years, the organization’s 2017 Staff Inspection Brief is intended to help investors,… Load More