PCAOB Issues Preview of Observations From 2016 Inspections of Auditors of Issuers
On November 10, the PCAOB published a Staff Inspection Brief that highlights frequent audit deficiencies identified by their Division of Registration and Inspections during the 2016 inspection cycle. The release is designed to help registered public accounting firms comply with PCAOB Auditing Standards. However, we believe it also provides preparers and issuers an opportunity to […]
New Vendor Risk Management Survey Highlights a De-Risking Trend, Among Other Findings
Protiviti and the Shared Assessments Program have released the 4th annual Vendor Risk Management Benchmark Study. While vendor risk management maturity is improving overall, concerns remain around the level of board involvement with third-party cyber risk and the ability of organizations to assess and manage forth-party risk (vendors of vendors). Subsequently, more than half of […]
New IT Security Awareness Learning Library Is Designed to Help Workers Become Frontline Cyber Defenders for Their Employers
Taking advantage of a user’s poor security practices is often a critical first step for malicious hackers or other cybercriminals seeking to compromise an organization’s systems and data. More than 80 percent of hacking-related breaches leveraged stolen or weak passwords, according to research for the 2017 Data Breach Investigations Report from Verizon. The report also […]
Money 20/20: Where Is the Financial Services World Going?
What is the future of banks? How is artificial intelligence affecting the customer experience? Which one is the platform of the future? How are regulators keeping up? These are some of the questions discussed at the global Money 20/20 conference in Las Vegas, which Protiviti Managing Director Tyrone Canaday attended last month. In the podcast […]
Are You a Biotech Company Eyeing an IPO? Be Sure to Assess These 3 Areas First
The initial public offering (IPO) market for biotech companies has picked up steam in 2017, following a lackluster year (2016) that saw the fewest biotech IPOs since 2012. The positive buzz biotech stocks have been generating of late has many startups and other private firms in the sector wondering if now is the time to […]
Hurricane Harvey Was a Real-World BCM Test — But What Can Businesses Learn From It?
Hurricane Harvey dumped over 51 inches of rain — or about 27 trillion gallons of water — on Texas and Louisiana last summer, more than four times the amount Louisiana and Mississippi received from Hurricane Katrina in 2005. Harvey caused catastrophic flooding, displaced tens of thousands of people and caused over US$180 billion in damage. […]
