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  • Blog
    May 28, 2020
    New SOX Survey: COVID-19 Environment Further Drives Need for Greater Automation and Technology Adoption for Compliance Processes
    Only 46% of audit teams are utilizing advanced technologies to optimize compliance processes - a decrease from last year, according to a just-released Sarbanes-Oxley survey by Protiviti. The longstanding challenges associated with compliance with the Sarbanes-Oxley Act, such as cost and reliance on time-consuming manual tasks, are being exacerbated by the COVID-19 pandemic, as finance and audit…
  • Blog
    May 29, 2020
    Rethinking Offshoring? Ideas to Consider as Momentum for Nearshoring Builds
    After two decades of  offshoring manufacturing jobs to low-cost countries thousands of miles away, many organizations in the developed parts of the world are beginning to reconsider that strategy. Even before the U.S. tariffs on Chinese imports and the COVID-19 pandemic, organizations had begun exploring opportunities to return manufacturing operations closer to home – a practice known as “…
  • Blog
    June 1, 2020
    SOX Compliance: Consider COVID-19 Impact on Management Review Control Execution
    The far-reaching impact of the COVID-19 pandemic has resulted in great economic uncertainty for numerous organizations around the globe. In earlier blogs in this series, we have talked about the importance of continuing to execute and document the evidence of internal control activities, even if the activities or evidence looks different than in the past. Companies should also be assessing…
  • Blog
    June 2, 2020
    Process Analytics Provides Edge in Coping With Pandemic-Stricken Supply Chains
    If your company had its supply chain disrupted during the pandemic, welcome to the 94% Club. That is the percentage of Fortune 1000 companies that are experiencing disruption to their material resources as a result of COVID-19, according to a recent Fortune Magazine article. But being a member of that unfortunate club right now doesn’t have to spell doom for the future. In fact, there are…
  • Blog
    June 3, 2020
    Reentry Considerations for Finance as Companies Begin to Reopen
    As finance organizations contemplate the prospect of re-entering their offices for the first time in a long time, there are a number of logistical and practical matters to consider, and some theoretical ones as well. In addition to ensuring the continuation of proper internal controls over financial transactions and financial reporting, that means looking out for the well-being of team members…
  • Blog
    June 4, 2020
    Bank Culture Reform in Hong Kong
    On 19 December 2018, the Hong Kong Monetary Authority (HKMA) issued a circular titled “Supervision for Bank Culture,” which supplements its original 2 March 2017 “Bank Culture Reform” guidance with further details. The new guidance introduced supervisory measures to Authorized Institutions (AIs), including self-assessments and site visits. The HKMA commenced a self-assessment exercise under…
  • Blog
    June 5, 2020
    Rise of the SPACs: Understanding the Risks and Rewards in This Vogue IPO Vehicle
    To many market observers, 2020 will go down as the year of COVID-19. But to investment managers, especially those involved with initial public offerings (IPOs), this year may well be remembered for the rise of special purpose acquisition companies (SPACs). While traditional IPOs by and large have hit the pause button, so far in 2020, SPACs are having a banner year. As of late May, SPACs…
  • Blog
    June 29, 2018
    Achieving a World-Class Finance Function by Reaching Outside the Box
    Suppose you were asked to predict what skills and talent you’d need to possess on your finance team to remain world-class over the next three years. What would you say? If you are uncertain in your answer, you are not alone. The accelerating rate of change and today’s dynamic business climate make it nearly impossible to predict which skills an organization may need. How could anyone know what…
  • Blog
    July 2, 2018
    Blueprint for Change: How a Capability Reference Architecture Can Help Map the Road to Organizational Transformation (Part 1 of 2)
    Most organizations today are facing a change of some kind – most often in the form of an enterprise digitalization imperative intended to help the organization maintain or achieve a leading position in the marketplace, respond to customers’ demands or improve performance. Although expediency is always a requirement when it comes to such strategic projects, they should not be undertaken without a…
  • Blog
    July 3, 2018
    Flash Report: SEC Amends Smaller Reporting Company Thresholds
    Hoping to reduce compliance costs and promote capital formation while maintaining appropriate investor protections, the Securities and Exchange Commission (SEC), on June 28, increased the upper limit on smaller reporting company (SRC) thresholds. The new definition of SRC includes registrants with a public float of less than $250 million (up from $75 million), as well as registrants with either…
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