Archive - December 2019

CECL and the New AICPA Practice Aid: What Audit Committee Members Need to Know (Part 1)

With the deadline around the corner for large companies to adopt the new accounting standards on current expected credit losses (CECL), the AICPA has published a Practice Aid to help management, internal auditors and audit committees prepare. The...

Winning the Finance Talent War: Five Strategies

Recruiting and retaining the right resources in the finance function has never been more critical due to accelerating adoption of new technologies and complying with a growing list of regulations. But a finance labor shortage often stands in the way...

Regulatory Changes, Economic Uncertainty, Culture Among Top Risks for Organizations, According to New Survey

Entering into a new decade, boards and C-suite leaders around the globe are concerned with the escalating competition for specialized talent, their organizations’ culture and the ability to advance their digital maturity and embrace the...

Operational Resilience Supervision Moves into High Gear with Latest Consultation Papers for UK Institutions

As part of a series of coordinated consultation papers, UK supervisory authorities on December 5 proposed new rules and expectations aimed at strengthening the operational resilience of the financial services sector. The latest proposals represent...

Focused on Digital Transformation? Lead With People, Not Technology

Many observers rightly consider the digital transformation of the business landscape and beyond to be the next industrial revolution. And like previous such revolutions, it will have far-reaching effects on how businesses operate, resulting in many...

FFIEC’s Updated BCM Booklet Highlights Operational Resilience Concepts

Compared to the 2015 version, the updated business continuity management booklet released in November 2019 by the Federal Financial Institutions Examination Council (FFIEC) offers increased clarity, with detailed examples designed to make it easier...