On June 10, Secretary of Treasury Mnuchin and Small Business Administration (SBA) Administrator Carranza testified before the Senate Committee on Small Business and Entrepreneurship on the implementation of the CARES...
Archive - June 2020
Taking Physical Inventory While Working Remotely – A Unique Challenge in Manufacturing
Amid the crisis of the COVID-19 global pandemic, organizations are scrambling to convert activities traditionally performed in person to remote-friendly processes. Historically, taking physical inventory of an...
For Financial Industry, Post-Pandemic Resilience Building Should Focus Equally on Operational Successes and Failures
The COVID-19 pandemic’s impact on lives, livelihoods, economic stability and business continuity (for small enterprises particularly) continues to be overwhelming. But, in contrast to the financial crisis of 2008, the...
Assessing Risk in Dynamic Times: Challenge Brings Opportunity to Internal Audit
COVID-19 has thrown a wrench into business operations around the world. Workplaces once teeming with workers sit empty as staffs have worked from home for the last several weeks. Considering the fact that major...
SOX Compliance Under COVID-19: The Show Must Go On (Part 1)
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...
Transparency, Empathy, Consistency, Frequency – Keys to Crisis Communications
On June 2, 2020, Protiviti Advisory Board member Susan Molinari and Protiviti Executive Vice President Patrick Scott joined Protiviti Managing Director and moderator Frank Kurre for a webinar discussion entitled “How...
Lessons Learned from COVID-19: A Discussion for Board Members
The COVID-19 crisis threw companies for a loop as an economic downturn that to many may have looked like a manageable possibility in the beginning, unfortunately became a full-blown economic crisis and human tragedy...
Rise of the SPACs: Understanding the Risks and Rewards in This Vogue IPO Vehicle
To many market observers, 2020 will go down as the year of COVID-19. But to investment managers, especially those involved with initial public offerings (IPOs), this year may well be remembered for the rise of special...
Bank Culture Reform in Hong Kong
On 19 December 2018, the Hong Kong Monetary Authority (HKMA) issued a circular titled “Supervision for Bank Culture,” which supplements its original 2 March 2017 “Bank Culture Reform” guidance with further details. The...
Reentry Considerations for Finance as Companies Begin to Reopen
As finance organizations contemplate the prospect of re-entering their offices for the first time in a long time, there are a number of logistical and practical matters to consider, and some theoretical ones as well. In...