The Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA) was signed into law on May 24, 2018, removing compliance barriers for many banks in the $10 billion to $250 billion asset range. The law has...
Archive - August 2018
SEC Updates Disclosure Requirements
On August 17, the Securities and Exchange Commission (SEC) announced updated disclosure requirements intended to reduce compliance burdens, align with certain changes in Generally Accepted Accounting Principles (GAAP)...
The Responsible Technology Firm of the Future: Part 1 of 4
Emerging risks, evolving stakeholder expectations and increased scrutiny from governmental agencies are raising the complexity of the environment in which technology companies operate. In a four-part series, Protiviti...
2018 SOX Survey: Benchmarking Compliance Costs
Sarbanes-Oxley (SOX) compliance costs are a top concern for executives and compliance leaders who continue to look for ways to both reduce costs and derive strategic value from their investment in compliance activities...
California Adopted a GDPR-like Privacy Law: What Does It Mean for You?
Organizations worldwide are already feeling the impact of the General Data Protection Regulation (GDPR) that went into effect in the European Union on May 25, 2018. As a result of that and other regulations as well as...
FASB Issues Improvements to the New Lease Accounting Standard
On July 30, 2018, the Financial Accounting Standards Board (FASB) issued ASU No. 2018-11, a long-awaited – but expected – update to pending changes in lease accounting standards, intended to reduce implementation costs...
Preparing for the Acquisition Your CEO Hasn’t Announced Yet: Three Actions to Take Now
More than halfway through 2018, we see corporations generally enjoying an influx of cash and improved business conditions, and benefitting from new tax laws. These trends are helping make 2018 one of the strongest years...
New Small-Dollar Lending Guidelines and Tenants’ Rights in Foreclosures: Listen to Our Podcast
In the podcast below, Protiviti Risk and Compliance experts Steven Stachowicz and Tom Giltrow elaborate on two of the topics of the July issue of Protiviti’s Compliance Insights newsletter – the OCC’s new...
New Survey by Protiviti Measures SOX Automation, Costs, Hours and More
According to Protiviti’s 2018 Sarbanes-Oxley (SOX) Compliance Survey, released today, most companies are not taking advantage of available tools and technology, such as automated controls and testing and robotic...
The Financial Crisis of 2008 – May We Never Forget the Lessons Learned
The subprime lending crisis of 2008, which led to significant distress in the financial markets, was a disaster of mega proportions. Its root causes are many, making it systemic in nature as opposed to a one-off...