Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog October 8, 2019 SOX Control Awareness and Communication Is One Way Organizations Can Help Reduce Costs and Hours Protiviti’s 2019 SOX survey shows that companies, with the help of technology, are finally beginning to make headway in the 15-year battle to rein in SOX compliance costs and rising control counts. A few weeks ago, we discussed some of the factors that contribute to the reduction in hours and costs, and we pointed to reducing and standardizing control counts as one of these factors. But a reduced… Blog October 9, 2019 The OCC’s 2020 Supervision Plan Targets Emerging Risks Facing Financial Institutions In its 2020 fiscal year bank supervision operating plan, the Office of the Comptroller of the Currency (OCC) identifies cybersecurity and operational resiliency, Bank Secrecy Act/anti-money laundering compliance management, commercial and retail credit underwriting practices, and commercial and retail credit oversight and control functions among its top supervisory priorities. In… 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 February 28, 2020 Risk Realities and Enterprise Risk Management in 2020 Uncertainty and opportunity are two familiar bywords of the digital age. An ever-changing and disruptive marketplace provides an abundance of opportunities, but it also creates proliferating risks which can upend any organization whether it chooses to pursue those opportunities or not. And that is what’s especially fascinating about the digital age: There is risk to taking decisive action to… Blog March 2, 2020 Yes, That Information Is at Risk: Pressure Rising for Oil and Gas Companies to Protect Data Oil and gas companies collect, work with and store a wide range of sensitive business data in the course of everyday business. However, they don’t always consider just how much malicious hackers, company insiders, nation-states and other bad actors value that data. As a result, they don’t prioritize developing a data protection program or create one that is comprehensive enough. Depending on… Blog March 3, 2020 Moving Finance to the Cloud: What Finance Leaders Need to Know As cloud technology matures, an increasing number of companies are migrating financial functions away from on-premise systems. In our most recent Finance Trends survey, more than half (58%) of the respondents said that they plan to increase their spending on cloud applications in 2020 — indicating that they either have already migrated and or are planning to do so this year. The movement of… Blog March 4, 2020 Major Security Vulnerabilities Could Expose Thousands of IoT Devices to Cyberattacks (Flash Report) IoT Vulnerabilities on the Rise A recently discovered set of Bluetooth-related vulnerabilities could mean thousands of IoT devices are vulnerable to attack and could experience deadlocks, crashes, buffer overflows and bypass of certain security settings. Researchers at the Singapore University of Technology and Design uncovered a set of 12 vulnerabilities affecting seven major system-on-a-chip… Blog March 10, 2020 Further Measures From the Bank of England to Support LIBOR Transition In what has become a steady stream of advisories from regulators globally about the financial institution’s preparedness for LIBOR transition, the Bank of England (the Bank), on February 26, announced further measures designed to “turbo-charge sterling LIBOR transition” in a speech by Andrew Hauser, Executive Director of Markets at the Bank. The Bank recognises the progress made in 2019,… Blog March 12, 2020 The Future of Privacy Regulations: Coping With a Complex and Evolving Landscape Data privacy regulations are in flux, not only at the state and national level, but globally. Even as companies put the finishing touches on extensive preparations to comply with the European Union’s landmark GDPR law, new laws were introduced in the U.S. states of California, Vermont, Nevada, and Maine. While new laws are being passed, those in effect are already being amended. There is… Load More