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 May 13, 2020 Opportunities Abound in Pandemic Reemergence Planning As businesses face the uncertainties created by the COVID-19 pandemic, many are also shifting their forward-looking strategic objectives and priorities. Meanwhile, employees are in waiting mode, perhaps waiting for business to resume more or less as it was before the crisis. But the post-pandemic reality will likely be very different. Businesses may find, for example, that their trading… Blog May 13, 2020 Treasury Department Weighs In on Contentious BI Claims Dispute The insurance industry has received substantial help in its pushback against various legislative and legal efforts seeking to compel insurers to cover business interruption (BI) claims stemming from COVID-19, including in cases where policy language may exclude coverage for pandemics or lack of physical damage. In a letter to lawmakers, the U.S. Treasury indicated it opposes the seemingly… Blog May 14, 2020 Going Back to the Office: Determining Key Personnel Risk in a New Reality Team leads around the world know the feeling. The late-night text from a trusted colleague: “This is Mike. I don’t feel well, not sure I’ll be able to work the next few days.” Not a big deal, you think to yourself, a few days is doable. The team’s new high-profile project is in the planning phase and, so far, all systems and Mike’s daily responsibilities are running smoothly. A few days pass… Blog May 18, 2020 Paycheck Protection Program: A Forgiveness Application, But Still No Regulations Amidst media reports that significant changes to the Paycheck Protection Program (PPP) may be forthcoming to provide greater leeway for how loan proceeds are used and to extend the current eight-week period for spending the funds, the Small Business Administration (SBA) issued a Loan Forgiveness Application on May 15. The form, its accompanying worksheet and step-by-step instructions provide… Blog May 18, 2020 Risk Awareness and Analytic Insight: Driving Audit Into the Future As the world is rapidly changing before our eyes, organizations are becoming increasingly self-aware about vulnerabilities within their operations and infrastructure that, just a couple of months ago, may have seemed like a distant possibility. The current environment’s intense pressures are leading to new challenges and opportunities, which are perfect catalysts for innovation. Amid the… Blog May 19, 2020 Mortgage Servicers Must Act Now to Implement Latest COVID-19 Payment Deferral Program In response to the COVID-19 pandemic and mortgage servicers’ feedback, Fannie Mae and Freddie Mac introduced a COVID-19-specific payment deferral program for homeowners on May 14, 2020. This program is in addition to the payment deferral solution, announced on March 25, that was developed at the direction of the Federal Housing Finance Agency (FHFA) for borrowers who became delinquent due to a… Blog May 20, 2020 COVID-19 Crisis Highlights the Value of Agile Auditing Like nearly every other profession in the business world, internal auditing (IA) has been forced to cope with the extraordinary environment brought about by COVID-19. Skills and tools that IA has been adopting gradually over the past several years suddenly become critical for successful performance. And perhaps none is more critical than Agile auditing. As part of our ongoing Enterprise… Blog May 26, 2020 PPP Loan Forgiveness, Part 2 One week after issuing a Loan Forgiveness Application and step-by-step borrower instructions (discussed in an earlier blog), the Small Business Administration (SBA) released two interim final rules (IFRs) on the Paycheck Protection Program (PPP) loan forgiveness requirements and roles and responsibilities of borrowers and lenders. The IFRs cover the process for loan forgiveness and supplement… Blog May 27, 2020 A Recovery Pathway for Healthcare Organizations Do we have enough supplies for patients and staff? What will our financials look like? Is our crisis response working? These are questions many organizations are asking themselves as they go through this unprecedented time. As healthcare organizations return to a “new normal,” they are continuously attempting to determine what their pathway to recovery will look like. It is safe to say that… Blog May 28, 2020 Compliance Assurance During the Time of COVID-19 – And Beyond Has there ever been a more challenging climate for the second and third lines of defence? COVID-19 has quite clearly changed the entire 2020 landscape for financial services. A flurry of economic challenges and hurdles has put tremendous pressure on the business models of both traditional organisations and upstart, digitally native firms. Risk functions, in addition to dealing with financial… Load More