One of the key questions financial services firms ask every morning is, “Am I riskier today than I was yesterday?” Institutions need to know whether their risk profile has changed, and why. In such a highly competitive...
Archive - September 2016
CECL/IFRS 9 Update: New Credit Impairment Model Deadlines and Implementation Considerations
As Protiviti reported back in May, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been looking for lessons in the global banking crisis of 2007-08 and have...
PCI DSS 3.2 – What You Need to Know
We’ve been getting a lot of inquiries from clients on the new payment card industry (PCI) compliance standard issued by the PCI Security Standards Council in April. The new data security standards (DSS) release...
Global CAEs Seeing Regulatory Convergence
At The Institute of Internal Auditors International Conference in New York this July, I had the privilege of moderating a panel of CAEs on global audit issues, emerging risks and challenges in the financial services...