Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog June 19, 2018 Regulatory Relief Provides Flexibility, But Banks Should Consider Risk Management Effects With the relief offered by the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), signed by President Donald Trump on May 24, 2018, some small depository institutions and credit unions with consolidated total assets of less than $10 billion now have more flexibility to determine what is appropriate for their operations. At the same time, however, bank management should… Blog June 20, 2018 IT Governance in the Age of Digitalization Sustaining an effective business model in the face of digital disruption requires a strong foundation of IT governance able to scale and adapt to modern enterprise needs. These needs, though unique to each enterprise, are generally shaped for four key drivers — innovation, meeting customer expectations, data-based decision-making and improving business performance — and enabled by a convergence… Blog June 21, 2018 For Emerging Tech Firms, More Action Today on Risks and Controls Means Less Pain Tomorrow Growth is a top focus for emerging technology companies. But that pursuit can become so all-consuming that these businesses often pay little or no attention to laying a solid corporate governance foundation to sustain their long-term success. That includes implementing sound processes to manage risks and internal controls and teaching their employees to be risk-aware. There are other reasons… Blog October 10, 2019 With a Change in the Credit Cycle, a Rise in Special Assets Is Likely – Is Your Institution Prepared? In early 2016, the then-Comptroller of the Currency, Thomas Curry, issued a strongly worded report. “In the area of credit risk, the warning lights are flashing yellow,” he wrote in the OCC’s Semi-Annual Risk Perspective. “We can’t wait until the warning lights turn red.” According to the OCC, 2016 marked the fourth straight year that underwriting practices had loosened. Curry noted that banks… Blog October 14, 2019 Internal Audit Leaders Adopt Agile Methods to Meet Next-Gen Audit Expectations The Protiviti View has been examining some of the ways internal audit departments around the world are reinventing themselves, drawing on the experience of 16 innovators profiled in Internal Auditing Around the World, Volume 15. This post looks at ways internal audit teams are adopting fast and flexible “agile” development methodologies to better align audit activities with business processes… Blog October 16, 2019 Learning From Clients: “Fix What We Have” Protiviti and Robert Half frequently host summits with our clients to understand their views on various topics. We very much value our clients’ time, and these forums provide us an opportunity to listen to and learn from those we serve. This post is our second in a three-part series to share lessons from a recent CFO panel. Our first post discussed the value of resources who went… Blog October 17, 2019 New IT Audit Survey From Protiviti and ISACA Ranks Privacy, Data, Resources as Top Challenges This week, Protiviti released its 2019 Global IT Audit Benchmarking Study, the eighth annual audit research project conducted in partnership with ISACA. More than 2,200 chief audit executives (CAEs), internal audit professionals and IT audit vice presidents and directors across the globe participated in the study. These professionals revealed the key technology challenges they face, including a… Blog October 22, 2019 Internal Audit Innovation for the Next Generation The Protiviti View is examining some of the ways internal audit (IA) departments around the world are reinventing themselves, drawing on the experience of 16 innovators profiled in Internal Auditing Around the World, Volume 15. We examined various specific technologies and approaches (RPA, analytics, and agile auditing techniques) and the way they are being applied by leading audit departments.… Blog October 24, 2019 Lease Accounting Changes: The Journey So Far Many public companies have spent the better part of the last two years reworking lease accounting practices to comply with a new accounting standard that went into effect for calendar-year reporting entities on January 1,, 2019. Private companies have been given an extra year to manage the transition and are expected to be compliant beginning January 1, 2021. This is a complex and resource-… Blog October 30, 2019 With FASB Deadlines Finalized, a Final Checklist for CECL Readiness On October 6, the Financial Accounting Standards Board (FASB) approved the final deadlines for the implementation of four major accounting standards, including CECL (Accounting Standard Update 326-13). For large public filers, the switch flips on December 15, 2019, impacting calendar reporting entities on January 1, 2020, as anticipated. With the deadline just around the corner, those… Load More
