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  • Blog
    November 9, 2020
    The finance labor model of the future has passed a major test – and it was a massive one. The results of Protiviti’s latest global survey of CFOs and finance leaders show that finance organizations which leverage a diverse talent pool of full-time employees, contract and temporary workers, expert external consultants, and managed services and outsourcing providers are able to respond to external…
  • Blog
    November 11, 2020
    The program management office (PMO) function today is expected to deliver highly complex transformation activities that cannot be solved using traditional methods. PMOs must be capable of partnering at all levels, both internally and externally, and must exhibit speed, expertise and scalability. As a result, many market leaders are turning to a robust, scalable program management as a service (…
  • Blog
    November 19, 2020
    A question receiving heightened attention recently is the quarterly evaluation of deficiencies identified in companies’ Sarbanes-Oxley (SOX) programs. Many organizations are considering whether a formal quarterly control deficiency analysis needs to be performed and documented to the same extent as the annual control deficiency analysis. In this blog, we provide a brief reminder on guidance and…
  • Blog
    November 20, 2020
    Over the last 12 months, financial institutions and regulators have been re-imagining what it means to be a resilient organization. The most disruptive event in modern history also has been the most instructive in terms of expanding the industry’s collective understanding of operational risks and the capabilities required to withstand them. While the jury is still out on the important lessons…
  • Blog
    November 23, 2020
    On November 19, 2020, the Financial Crimes Enforcement Network (FinCEN) and the bank regulatory agencies (the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the National Credit Union Administration) issued a joint fact sheet on Bank Secrecy Act Due Diligence Requirements for Charities and Non-Profit Organizations. The fact sheet…
  • Blog
    November 30, 2020
    As business and IT leaders adopt new operating models and organize around rapidly shifting customer and business prioritization, they are embracing value stream management as their preferred approach. The rate of change is forcing organizations to rethink how to expedite value as they seek to transform and stay relevant. In the previous two blogs, “Seven Key Factors to a Successful PMO…
  • Blog
    December 3, 2020
    As part of a broader effort to modernize, simplify and enhance securities regulation, the U.S. Securities and Exchange Commission (SEC) has adopted several changes to Regulation S-K, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information. The changes will affect existing SEC filers, registration statements, and also Special Purpose Acquisition…
  • Blog
    December 7, 2020
    Federal regulators have started issuing more guidance to financial institutions on offering new and innovative financial products and services, such as cryptocurrencies, to customers in a safe and sound manner. The increased regulatory interest has become necessary as cryptocurrencies enter mainstream consumer use in the United States. Not only is there expanding institutional support for…
  • Blog
    December 14, 2020
    On December 13, 2020, the Cybersecurity & Infrastructure Security Agency (CISA) issued an emergency directive detailing required action for federal agencies to mitigate the threat of the recently discovered compromise involving SolarWinds® Orion® Network Management products that are currently being exploited by malicious actors. (Read the SolarWinds Security Advisory here.) Given the nature…
  • Blog
    December 15, 2020
    Australia’s lending standards and responsible lending practices have been prominent topics amongst banks and regulators in recent years, with potentially broad implications for both lenders and borrowers. Based on the critical issues raised by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) in 2019 and the recently…
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