Archive - June 2020

Getting to Resilient: Reimagining Crisis Management and Business Continuity Planning in a New Reality

COVID-19 has exposed glaring deficiencies in business continuity and crisis management plans at organizations across all industries. And while executives and management today are focusing the lion’s share of their efforts on responding to the day-to...

Persevering and Prospering in the Time of COVID-19: Keep Accounts Receivable Turning

One of the many reasons businesses are suffering during the COVID-19 pandemic is that their customers are challenged in managing their cashflow, resulting in reducing or delaying payments. In addition, the accounts receivable function is not an easy...

Cloud Oversight in Financial Services: Understanding Responsibility and Control

As financial service and financial technology companies move critical infrastructure to the cloud, they have a shared responsibility with cloud service providers (CSPs) to safeguard sensitive information. Regulators are becoming more prescriptive in...

Harnessing Intelligent Automation to Increase Resilience

The COVID-19 pandemic has painted a sharp performance contrast between companies that are digitally mature and those that are not. These distinctions are likely to grow even sharper in the period following the global health crisis, with some...

SOX Compliance Under COVID-19: The Show Must Go On (Part 2)

Although the Securities and Exchange Commission (SEC) granted one 45-day extension for public companies subject to Sarbanes-Oxley (SOX) reporting requirements, the regulator still expects companies to appropriately protect investors and public...

Data Privacy Isn’t Just One and Done: How to Stay on Top of Changes and Ensure Ongoing Compliance

Two years ago, organizations were rushing to comply with the European Union’s (EU’s) General Data Protection Regulation (GDPR). After a flurry of activity and changes to privacy settings and disclosure, many felt they could move on once they’d...

CECL and the AICPA Practice Aid (Part 4): Modeling Considerations and COVID-19

As we continue our series of blog posts examining the AICPA Practice Aid on preparing for the new current expected credit losses (CECL) standard, this post on modeling considerations is especially timely given the economic upheaval of the ongoing...

LIBOR Transition During the Pandemic: Is Your Program Management Office Ready to Take on the Challenge?

Across the globe, governments and financial institutions continue to prepare for the shift targeted for the end of 2021, from the London Interbank Offered Rate, or LIBOR, to alternative risk-free rates (RFR). The deadline for retiring the LIBOR...

Countdown to CCPA: The 5 Most-Asked Questions

With less than two weeks to go before enforcement of the California Consumer Privacy Act (CCPA) begins on July 1, 2020, Protiviti and Robert Half Legal held a webinar that took a look at what the first 100 days of CCPA have been like for companies...