Aggressive M&A in the Oil Patch — Avoid a Dry Hole With a Playbook
With sub-$50-per-barrel risk largely subsided, optimism abounds in the oilfield. (See figure.) Recent billion-dollar deals like Concho Resources’ $9.5B acquisition of RSP Permian and Devon Energy’s $3.125B divestiture of its stake in EnLink Midstream may put pressure on others to make deals to stay competitive. While certain deals are relatively safe, such as land swaps […]
GDPR: Dealing With the Mandatory 72-Hour Breach Notification Requirement
Article 33 of the General Data Protection Regulation (GDPR) requires that, in the event of a personal data breach, the data controller – without undue delay and, where feasible, no later than 72 hours after becoming aware of it – notify the appropriate supervisory authority. Organizations appear to be taking this requirement to heart. The […]
Data Tops Priorities in New Finance Survey by Protiviti
A new Finance Trends survey by Protiviti, released yesterday, confirms what many CFOs already know — that data means everything in finance. The specific data priorities this year, however, are revealing — the security and privacy of financial data has climbed to priority number one, a concern no doubt driven by increased use of finance […]
So You Want to Use RPA in Audit — Here’s How You Start
Robotic process automation (RPA) has been gaining traction as an efficient way to automate labor-intensive and repetitive tasks across a variety of business functions, including finance, accounting, technology, legal, HR, and, increasingly, audit and compliance. As the popularity of this relatively simple and affordable technology increases, internal audit departments are starting to realize that RPA […]
How Finance Should Tackle Post-Merger Integration: Plan for the Expected!
Whether organizations involved in merger and acquisition (M&A) activities have been fortunate to be among the 20 percent whose deal objectives for synergies were successfully met, or among the 80 percent that failed in that regard, one fact rings true for the CFO and his or her team: “There will be significant post-merger clean-up work […]
Vendor Risk Management in Financial Services: A Closer Look
Third-party risk has been on the forefront of the minds of risk officers, compliance officers, information security officers, heads of procurement, and even CFOs of banks and other financial institutions for well over a decade. In the extended podcast below, Chris Monk, a Managing Director with Protiviti’s Business Performance Improvement group and a leader of […]
