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  • Blog
    January 22, 2019
    Chief financial officers (CFOs), by virtue of their role as strategic and financial managers and scorekeepers, are in a unique position to view corporate risks across the enterprise. It is therefore useful to understand the concerns behind CFOs’ responses to the latest Top Risk Survey from the N.C. State University Enterprise Risk Management Initiative and Protiviti. Most CFOs tend to be…
  • Blog
    January 23, 2019
    Technology firms are having an unprecedented influence over our lives and their reach has extended across the globe like never before. As a result, the level of regulatory scrutiny of these tech giants has increased dramatically as well. In the podcast below, Protiviti leaders discuss the changing regulatory landscape technology firms are facing today and the need to balance regulatory concerns,…
  • Blog
    January 24, 2019
    Boards today – especially audit committees – are expected to develop and maintain a thorough understanding of business risks and ask the tough questions to ensure that critical risks are being addressed and that the company is delivering on its regulatory and fiduciary reporting responsibilities. With so much to consider, it can be difficult to know where to start. To that end, Protiviti…
  • Blog
    August 8, 2018
    The subprime lending crisis of 2008, which led to significant distress in the financial markets, was a disaster of mega proportions. Its root causes are many, making it systemic in nature as opposed to a one-off situation in a specific company. Loan originators brokered financing of houses without regard to credit quality so they could get their up-front fees, take a walk and leave the inevitable…
  • Blog
    August 9, 2018
    According to Protiviti's 2018 Sarbanes-Oxley (SOX) Compliance Survey, released today, most companies are not taking advantage of available tools and technology, such as automated controls and testing and robotic process automation (RPA), to reduce the time and cost expended to achieve SOX compliance. Less than one-third of organizations are using technology tools such as automated process…
  • Blog
    August 14, 2018
    In the podcast below, Protiviti Risk and Compliance experts Steven Stachowicz and Tom Giltrow elaborate on two of the topics of the July issue of Protiviti's Compliance Insights newsletter – the OCC's new guidance on short-term, small-dollar loans and the restoration by Congress of certain tenant protection provisions in foreclosure situations. The full newsletter, which includes additional…
  • Blog
    August 15, 2018
    More than halfway through 2018, we see corporations generally enjoying an influx of cash and improved business conditions, and benefitting from new tax laws. These trends are helping make 2018 one of the strongest years for mergers and acquisitions (M&A) in history, with current M&A activity 50 percent above the 2017 pace. What does that mean for finance and accounting leaders? These…
  • Blog
    August 17, 2018
    On July 30, 2018, the Financial Accounting Standards Board (FASB) issued ASU No. 2018-11, a long-awaited – but expected – update to pending changes in lease accounting standards, intended to reduce implementation costs and burden. The update provides a new, simplified transition method (relief that has been on the FASB agenda since the end of 2017) and a practical expedient to separating contract…
  • Blog
    August 23, 2018
    Organizations worldwide are already feeling the impact of the General Data Protection Regulation (GDPR) that went into effect in the European Union on May 25, 2018. As a result of that and other regulations as well as recent privacy related-events, data privacy and security issues remain top-of-mind concerns for businesses and consumers. Now, California has upped the ante with the passage of the…
  • Blog
    August 24, 2018
    Sarbanes-Oxley (SOX) compliance costs are a top concern for executives and compliance leaders who continue to look for ways to both reduce costs and derive strategic value from their investment in compliance activities. Emerging practices, such as automated controls testing and robotic process automation (RPA), show promise in the long run for reducing these costs. Current results vary widely,…
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