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  • 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,…
  • Blog
    August 28, 2018
    Emerging risks, evolving stakeholder expectations and increased scrutiny from governmental agencies are raising the complexity of the environment in which technology companies operate. In a four-part series, Protiviti examines the changing risk landscape and presents 10 ideas for tech executives and directors to help them make the transition to the more balanced focus of the responsible tech firm…
  • Blog
    August 29, 2018
    On August 17, the Securities and Exchange Commission (SEC) announced updated disclosure requirements intended to reduce compliance burdens, align with certain changes in Generally Accepted Accounting Principles (GAAP), and eliminate existing redundancies in the disclosure of information to investors. The amendments are part of an initiative by the SEC’s Division of Corporation Finance to review…
  • Blog
    August 30, 2018
    The Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA) was signed into law on May 24, 2018, removing compliance barriers for many banks in the $10 billion to $250 billion asset range. The law has been touted as a way to buoy capital for economic growth by providing regulatory relief to smaller and less complex banks that don’t meet the government’s definition of “too big to…
  • Blog
    September 4, 2018
    As executives and compliance leaders look for ways to reduce overall hours required for SOX compliance and glean strategic value from compliance activities, automating controls and testing and broader use of robotic process automation (RPA) show promise that should be evaluated. According to Protiviti’s 2018 SOX Benchmarking survey, nearly one in three organizations reported using technology…
  • Blog
    September 7, 2018
    In our continuing GDPR series, Tom Lemon, Managing Director with Protiviti's Technology Consulting group in the UK, addresses several important questions, including the first steps to establish a defensible position and some of the data cross-border transfer mechanisms available to companies outside of the European Union. Listen to the podcast at this link. A full transcript of the conversation…
  • Blog
    September 10, 2018
    Business control functions — operational teams with a primary focus on risks, controls and compliance — are growing rapidly in the financial services industry, with the number of full-time-equivalent employees more than doubling at some large financial institutions every year since 2014. It’s part of a trend toward a flatter, more agile risk management philosophy. Applying the taxonomy of the…
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