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  • 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…
  • Blog
    June 10, 2020
    SOX Compliance Under COVID-19: The Show Must Go On (Part 1)
    Although the Securities and Exchange Commission (SEC) granted one 45-day extension for public companies subject to Sarbanes-Oxley (SOX) reporting requirements, the regulator still expects companies to appropriately protect investors and the public interest by maintaining the full rigor of internal control requirements. As a result, a number of challenges need to be addressed. I had the…
  • Blog
    June 11, 2020
    Assessing Risk in Dynamic Times: Challenge Brings Opportunity to Internal Audit
    COVID-19 has thrown a wrench into business operations around the world. Workplaces once teeming with workers sit empty as staffs have worked from home for the last several weeks. Considering the fact that major organizations have announced that remote working could become permanent for some of their employees, business won’t return to the “old normal” anytime soon, if ever. The disruption is…
  • Blog
    June 12, 2020
    For Financial Industry, Post-Pandemic Resilience Building Should Focus Equally on Operational Successes and Failures
    The COVID-19 pandemic’s impact on lives, livelihoods, economic stability and business continuity (for small enterprises particularly) continues to be overwhelming. But, in contrast to the financial crisis of 2008, the pandemic is not a financial industry-driven event. This time around, the industry has been a critical part of the solution rather than part of the problem. At the onset of the…
  • Blog
    June 15, 2020
    Taking Physical Inventory While Working Remotely – A Unique Challenge in Manufacturing
    Amid the crisis of the COVID-19 global pandemic, organizations are scrambling to convert activities traditionally performed in person to remote-friendly processes. Historically, taking physical inventory of an organization’s assets is primarily an in-person and manual process. Thus, the need to avoid physical contact during a pandemic is presenting unique challenges for manufacturing…
  • Blog
    June 15, 2020
    Paycheck Protection Program Developments, Week Ending June 12
    On June 10, Secretary of Treasury Mnuchin and Small Business Administration (SBA) Administrator Carranza testified before the Senate Committee on Small Business and Entrepreneurship on the implementation of the CARES Act, including the Paycheck Protection Program (PPP). Later that day, the SBA released another interim final rule and updated Loan Forgiveness Applications, primarily to implement…
  • Blog
    June 16, 2020
    Countdown to CCPA: The 5 Most-Asked Questions
    With less than two weeks to go before enforcement of the California Consumer Privacy Act (CCPA) begins on July 1, 2020, Protiviti and Robert Half Legal held a webinar that took a look at what the first 100 days of CCPA have been like for companies subject to the recent privacy law. We explored the most critical compliance challenges facing companies that are still ramping up their CCPA privacy…
  • Blog
    June 18, 2020
    Get Ready to Resume Elective Procedures and Surgeries
    One major impact of the COVID-19 pandemic was the recommendation from the Centers for Medicare & Medicaid Services to cancel elective surgeries and procedures, essentially redirecting hospital resources to manage the insurgence of COVID-19 patients. The initial response was one of cooperation and concern for patient safety, which resulted in a significant loss of hospital revenue. It was…
  • Blog
    June 18, 2020
    LIBOR Transition During the Pandemic: Is Your Program Management Office Ready to Take on the Challenge?
    Across the globe, governments and financial institutions continue to prepare for the shift targeted for the end of 2021, from the London Interbank Offered Rate, or LIBOR, to alternative risk-free rates (RFR). The deadline for retiring the LIBOR remains unchanged, according to various government and regulatory bodies, including the Bank of England and the Federal Reserve, despite significant…
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