As the rapidly changing risk and regulatory environment continues to challenge risk management capabilities, cybersecurity is emerging as a key issue for governing boards to consider. Much of the cybersecurity conversation, however, has been focused...
Archive - November 2017
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...
Measuring Up To the New MACRA Quality Standards
On November 2, 2017, the Centers for Medicare & Medicaid Services (CMS) released the 2018 requirements for Year 2 of the Quality Payment Program (QPP) as established by the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). The final...
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...
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...
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...
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...
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...
Compliance Insights Podcast: Protiviti Experts Discuss Part 500, CFPB’s Response to Fintech and More
In our latest podcast, Adam Hamm outlines 3 things to pay attention to in getting ready for the New York Department of Financial Services regulation known as Part 500, and Steven Stachowicz explains the reasoning behind some recent actions by the...
Cyber Risk Management Is Everyone’s Job, and Compliance Must Play Its Role
When it comes to cybersecurity oversight and management, many functions outside of IT and information security (IS) need to play a role – this includes internal audit and risk and compliance functions. These parties need to adopt an approach to...
