Rethinking Offshoring? Ideas to Consider as Momentum for Nearshoring Builds
After two decades of offshoring manufacturing jobs to low-cost countries thousands of miles away, many organizations in the developed parts of the world are beginning to reconsider that strategy. Even before the U.S. tariffs on Chinese imports and the COVID-19 pandemic, organizations had begun exploring opportunities to return manufacturing operations closer to home – a […]
New SOX Survey: COVID-19 Environment Further Drives Need for Greater Automation and Technology Adoption for Compliance Processes
Only 46% of audit teams are utilizing advanced technologies to optimize compliance processes – a decrease from last year, according to a just-released Sarbanes-Oxley survey by Protiviti. The longstanding challenges associated with compliance with the Sarbanes-Oxley Act, such as cost and reliance on time-consuming manual tasks, are being exacerbated by the COVID-19 pandemic, as finance […]
Compliance Assurance During the Time of COVID-19 – And Beyond
Has there ever been a more challenging climate for the second and third lines of defence? COVID-19 has quite clearly changed the entire 2020 landscape for financial services. A flurry of economic challenges and hurdles has put tremendous pressure on the business models of both traditional organisations and upstart, digitally native firms. Risk functions, in […]
A Recovery Pathway for Healthcare Organizations
Do we have enough supplies for patients and staff? What will our financials look like? Is our crisis response working? These are questions many organizations are asking themselves as they go through this unprecedented time. As healthcare organizations return to a “new normal,” they are continuously attempting to determine what their pathway to recovery will […]
PPP Loan Forgiveness, Part 2
One week after issuing a Loan Forgiveness Application and step-by-step borrower instructions (discussed in an earlier blog), the Small Business Administration (SBA) released two interim final rules (IFRs) on the Paycheck Protection Program (PPP) loan forgiveness requirements and roles and responsibilities of borrowers and lenders. The IFRs cover the process for loan forgiveness and supplement […]
COVID-19 Crisis Highlights the Value of Agile Auditing
Like nearly every other profession in the business world, internal auditing (IA) has been forced to cope with the extraordinary environment brought about by COVID-19. Skills and tools that IA has been adopting gradually over the past several years suddenly become critical for successful performance. And perhaps none is more critical than Agile auditing. As […]
