The loan portfolio is one of the greatest sources of risk to a bank, according to the Office of the Comptroller of the Currency (OCC). As such, effective loan portfolio management (LPM) is fundamental to a bank’s safety...
Archive - November 2019
Looking for Innovation? Ten Ideas to Help Companies Break the Mold
Finding new and effective ways of solving your clients’ biggest problems, growing your business and edging out the competition can be a challenge for many organizations. Traditional organizational structures and...
From Premise to Practice — Technology Is Providing Finance Leaders With Long-Sought-After Answers to Important Questions
As custodians of company data, finance leaders are fielding more questions from internal stakeholders than ever before. Those stakeholders — from the board down to operational line managers — want more metrics, more...
At RegTech Conference, Protiviti and IRTA Sound an Urgent Call for KYC Optimization
A new global market study suggests a critical need to accelerate the use of digital technologies and shared platforms for “know your customer” (KYC) processes and cultivate a shared understanding of how...
Cyber Risk Quantification: Common Misconceptions and Asking the Right Questions (Podcast)
In this latest podcast from our cybersecurity series, Associate Director Vince Dasta breaks down some common misconceptions around cyber risk quantification (CRQ) and suggests ways companies can get insights through...
CFOs Now Consider the Security and Privacy of Finance Data Their Top Priority
“Data is the new oil,” proclaimed The Economist magazine in 2017, succinctly making the point that data has become extremely valuable and that those who have it need to keep it secure. Losing important company data can...
SOX Compliance: Faster Automation, Fewer Controls, and How to Get There
In previous posts (here and here) we highlighted certain discussions from a webinar we conducted earlier this year, about the results of Protiviti’s 2019 SOX survey. The webinar generated a number of questions from...
Public Company Transformation: Critical Audit Matters Should Matter for Soon-to-Be-Public Companies
The first round of financials is coming in from large, non-calendar-year-end filers under new enhanced public reporting standards, and the public companies with later year-ends are examining those disclosures for...
In Many Technology Firms, the “Tech Balance” Wave Is Building in the Finance Function
Tech industry CEOs are getting more internal support than they might realize in helping their businesses achieve “tech balance.” Findings from Protiviti’s 2019 Global Finance Trends survey suggest that CFOs at...
Podcast: Addressing Operational Resilience From an Internal Audit Perspective
In a previous podcast, Protiviti Managing Director Rick Magliozzi discussed key themes from the SIFMA IAS conference, which took place in late October in Miami. In this follow-up segment, managing directors Doug Wilbert...