Podcast: From The IIA Financial Services Exchange Conference – Interview with Monica DeBellis
Monica DeBellis, a Protiviti managing director with the firm’s Internal Audit and Financial Advisory practice, delivered a presentation today at The Institute of Internal Auditors 2017 Financial Services Exchange event in Washington, D.C. Protiviti’s Kevin Donahue interviewed Monica about some of the key points and takeaways from the presentation. For more information, visit www.protiviti.com/IIAFSE. Was […]
Multidisciplinary GRC Requires a Balanced Approach to a Common Language, Scope Management and Program Management
Despite great strides in governance, risk and compliance (GRC) software, it’s unlikely we will ever see a single plug-and-play software solution that satisfies all the demands of multidisciplinary GRC. Instead, GRC leaders who want to make real, practical strides toward a multidisciplinary GRC environment that encourages broad participation and delivers measurable ROI need to take […]
GDPR: Developing Your Compliance Program
As we discussed here and here, the new General Data Protection Regulation (GDPR), is scheduled to become effective May 25, 2018. It represents the most important change in data regulation in 20 years, and it applies to any company that collects or processes the personal data of EU data subjects – EU residents and visitors […]
PCAOB Issues Preview of 2017 Inspection Process of Registered Auditors and Their Audits of Issuers
On August 30, the PCAOB published a Staff Inspection Brief that offers guidance into the plan, scope and objectives of its 2017 inspections of registered auditors and their audits of issuers. This is the third year that the PCAOB has provided auditors a roadmap into its inspection process, and as in past years, the organization’s […]
Robotic Process Automation in Financial Services: Lifting the AML Compliance Burden
As we wrote in July, financial institutions are increasingly using robotic process automation (RPA) alongside human operators to perform high-volume and repetitive tasks. This is allowing banks to shift human resources to more productive roles, such as analytics and due diligence, while accelerating processing and eliminating error-prone manual processes. Regulatory compliance is one area where […]
Basel Committee Flags Fintech Hopes and Fears in New Consultation Paper
Amid all of the hype about fintech, regtech and technology innovation in the financial services industry, the Basel Committee on Banking Supervision has released a new consultative document. Sound Practices: Implications of fintech developments for banks and bank supervisors is the result of months of thinking by the international financial services regulatory body, which aims […]
