With FASB Deadlines Finalized, a Final Checklist for CECL Readiness
On October 6, the Financial Accounting Standards Board (FASB) approved the final deadlines for the implementation of four major accounting standards, including CECL (Accounting Standard Update 326-13). For large public filers, the switch flips on December 15, 2019, impacting calendar reporting entities on January 1, 2020, as anticipated. With the deadline just around the corner, […]
Lease Accounting Changes: The Journey So Far
Many public companies have spent the better part of the last two years reworking lease accounting practices to comply with a new accounting standard that went into effect for calendar-year reporting entities on January 1,, 2019. Private companies have been given an extra year to manage the transition and are expected to be compliant beginning […]
Internal Audit Innovation for the Next Generation
The Protiviti View is examining some of the ways internal audit (IA) departments around the world are reinventing themselves, drawing on the experience of 16 innovators profiled in Internal Auditing Around the World, Volume 15. We examined various specific technologies and approaches (RPA, analytics, and agile auditing techniques) and the way they are being applied […]
New IT Audit Survey From Protiviti and ISACA Ranks Privacy, Data, Resources as Top Challenges
This week, Protiviti released its 2019 Global IT Audit Benchmarking Study, the eighth annual audit research project conducted in partnership with ISACA. More than 2,200 chief audit executives (CAEs), internal audit professionals and IT audit vice presidents and directors across the globe participated in the study. These professionals revealed the key technology challenges they face, […]
Learning From Clients: “Fix What We Have”
Protiviti and Robert Half frequently host summits with our clients to understand their views on various topics. We very much value our clients’ time, and these forums provide us an opportunity to listen to and learn from those we serve. This post is our second in a three-part series to share lessons from a recent CFO panel. […]
Internal Audit Leaders Adopt Agile Methods to Meet Next-Gen Audit Expectations
The Protiviti View has been examining some of the ways internal audit departments around the world are reinventing themselves, drawing on the experience of 16 innovators profiled in Internal Auditing Around the World, Volume 15. This post looks at ways internal audit teams are adopting fast and flexible “agile” development methodologies to better align audit […]
