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  • Blog
    May 21, 2018
    Reality Check: Global Risks, Unexpected Opportunities on the Rise
    We are living in an unusual time. Never before have I witnessed such a dynamic, fast-moving, unpredictable environment. With natural disasters and food and water shortages displacing millions of people around the globe, the debate around the need for a concerted effort to address manmade climate change has never been more intense. At the same time, global cooperation and sustaining free and fair…
  • Blog
    May 23, 2018
    CAQ’s New Cybersecurity Risk Management Oversight Tool: A Protiviti Analysis
    Cybersecurity is among the most critical risks that organizations need to address today. Management and protection of data, availability of critical systems and infrastructure, and the risk of cybersecurity threats are among the most pressing concerns for executive teams and boards of directors around the world. Earlier this year, the U.S. Securities and Exchange Commission (SEC) published…
  • Blog
    May 23, 2018
    Hidden Vulnerability: GDPR Data in Unexpected Places
    The European Union (EU) General Data Protection Regulation (GDPR) — one of the most comprehensive data privacy regulations in history — is scheduled to become effective this week (May 25, 2018). This regulation imposes strict requirements on how the personal data of EU subjects is collected, used and stored — both within the EU and by foreign companies doing business within the EU, including…
  • Blog
    May 24, 2018
    GDPR and EU AML Directives – A Regulatory Tug-of-War?
    The impact of the General Data Protection Regulation, effective 25 May 2018, will be felt for some time to come. One area where GDPR will present a significant ongoing challenge for the financial services industry relates to the personal data collection and processing obligations created under anti-money laundering (AML) regulations. The tension between the AML and privacy requirements is not new…
  • Blog
    July 27, 2020
    Suspicious Activity Reporting: Government Aid Programs in the Spotlight
    Amid growing media coverage of fraud related to government loan programs and unemployment insurance claims, the Small Business Administration (SBA) issued an Information Notice (IN) on July 22 dealing specifically with the identification and reporting of suspicious activity related to the Economic Injury Disaster Loans (EIDL) Program. The IN is aimed at alerting depository institutions to the…
  • Blog
    July 28, 2020
    Management’s Reporting on the Control Environment During COVID-19: Extra Attention Is Required
    Organizations across all jurisdictions and industries have been faced with the difficult task of drafting and submitting their financial statements to regulators and banks during the COVID-19 pandemic. This has led to unique challenges and logistics to ensure appropriate personnel are connected and able to perform their duties and, ultimately, report to regulatory bodies with accuracy. Many…
  • Blog
    July 30, 2020
    Persevering and Prospering in the Time of COVID-19: Accounts Payable
    The accounts payable (AP) function has a significant effect on the bottom line, third only to sales and receivables. Now, many accounts payable teams have been caught short by the Coronavirus 2019 (COVID-19) pandemic, finding themselves unable to shift rapidly and securely to a remote payables workforce. Some businesses – whose workforce capabilities and processes are extensively paper-based –…
  • Blog
    August 7, 2020
    Tech Can Help Oil and Gas Firms Survive Market Turmoil
    For organizations in the oil and gas (O&G) industry, the combined impact of COVID-19 and erratic oil prices have made for an unprecedented roller coaster ride. Many oil and gas companies are finding it difficult to cope, and others are likely to be severely impaired for the foreseeable future. However, even in the worst of times, there are tools and strategies that can help an organization…
  • Blog
    August 10, 2020
    Postpandemic Real Estate Strategies: It Pays to Be Nimble
    Of the many things to consider during the pandemic, one of the more challenging areas is real estate. To a large extent, companies have done an admirable job of relocating large portions of their workforce to work-from-home (WFH) status — and on very short notice. But the current crisis will ultimately pass, and now is the time for organizations to consider how the changes they are making now…
  • Blog
    August 11, 2020
    Know Your Customer: It’s All About Risk
    In early 2017, Protiviti published a white paper titled Remediate Risk, Not Files: Breaking the KYC Remediation Cycle. Primarily authored by my colleague Matt Taylor, the paper proffered that one of the main reasons financial institutions have found themselves caught in an endless cycle of Know Your Customer (KYC) remediation is that their remediation efforts are focused on papering the file and…
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