Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Sort by: Relevance Date Filter Search Sort by RelevanceDate Order AscDesc Blog June 15, 2020 Paycheck Protection Program Developments, Week Ending June 12 On June 10, Secretary of Treasury Mnuchin and Small Business Administration (SBA) Administrator Carranza testified before the Senate Committee on Small Business and Entrepreneurship on the implementation of the CARES Act, including the Paycheck Protection Program (PPP). Later that day, the SBA released another interim final rule and updated Loan Forgiveness Applications, primarily to implement… Blog June 16, 2020 Countdown to CCPA: The 5 Most-Asked Questions With less than two weeks to go before enforcement of the California Consumer Privacy Act (CCPA) begins on July 1, 2020, Protiviti and Robert Half Legal held a webinar that took a look at what the first 100 days of CCPA have been like for companies subject to the recent privacy law. We explored the most critical compliance challenges facing companies that are still ramping up their CCPA privacy… Blog June 18, 2020 Get Ready to Resume Elective Procedures and Surgeries One major impact of the COVID-19 pandemic was the recommendation from the Centers for Medicare & Medicaid Services to cancel elective surgeries and procedures, essentially redirecting hospital resources to manage the insurgence of COVID-19 patients. The initial response was one of cooperation and concern for patient safety, which resulted in a significant loss of hospital revenue. It was… Blog June 18, 2020 LIBOR Transition During the Pandemic: Is Your Program Management Office Ready to Take on the Challenge? Across the globe, governments and financial institutions continue to prepare for the shift targeted for the end of 2021, from the London Interbank Offered Rate, or LIBOR, to alternative risk-free rates (RFR). The deadline for retiring the LIBOR remains unchanged, according to various government and regulatory bodies, including the Bank of England and the Federal Reserve, despite significant… Blog June 22, 2020 CECL and the AICPA Practice Aid (Part 4): Modeling Considerations and COVID-19 As we continue our series of blog posts examining the AICPA Practice Aid on preparing for the new current expected credit losses (CECL) standard, this post on modeling considerations is especially timely given the economic upheaval of the ongoing COVID-19 pandemic and the dramatic effect that it is having on loss models. Many of the assumptions built into January models were no longer valid… Blog June 23, 2020 Data Privacy Isn’t Just One and Done: How to Stay on Top of Changes and Ensure Ongoing Compliance Two years ago, organizations were rushing to comply with the European Union’s (EU’s) General Data Protection Regulation (GDPR). After a flurry of activity and changes to privacy settings and disclosure, many felt they could move on once they’d checked that compliance box. But things have not remained static from a regulatory standpoint. In May, the European Data Protection Board published yet… Blog June 23, 2020 SOX Compliance Under COVID-19: The Show Must Go On (Part 2) Although the Securities and Exchange Commission (SEC) granted one 45-day extension for public companies subject to Sarbanes-Oxley (SOX) reporting requirements, the regulator still expects companies to appropriately protect investors and public interest by maintaining the full rigor of internal control requirements. As a result, there are a number of challenges that need to be addressed.… Blog June 24, 2020 Harnessing Intelligent Automation to Increase Resilience The COVID-19 pandemic has painted a sharp performance contrast between companies that are digitally mature and those that are not. These distinctions are likely to grow even sharper in the period following the global health crisis, with some companies permanently crossing into the world of intelligent process automation – necessitated during the lockdown by furloughs, remote work, a rise in cyber… Blog June 25, 2020 Cloud Oversight in Financial Services: Understanding Responsibility and Control As financial service and financial technology companies move critical infrastructure to the cloud, they have a shared responsibility with cloud service providers (CSPs) to safeguard sensitive information. Regulators are becoming more prescriptive in their oversight of cloud operations, revealing a gap between regulatory expectations and a frequent lack of clarity among CSPs and institutions about… Blog June 26, 2020 Persevering and Prospering in the Time of COVID-19: Keep Accounts Receivable Turning One of the many reasons businesses are suffering during the COVID-19 pandemic is that their customers are challenged in managing their cashflow, resulting in reducing or delaying payments. In addition, the accounts receivable function is not an easy one to operate remotely; billing operations and collections/cash application teams may be slower than usual as employees work from home. For some… Load More