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 pandemic is not a financial industry-driven event. This time around, the industry has been a critical part of the solution rather than part of 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 organizations have announced that remote working could become permanent for some of their employees, business won’t return to the “old normal” […]
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 protect investors and the public interest by maintaining the full rigor of internal control requirements. As a result, a number of challenges need to be addressed. I had […]
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 Should You Communicate with Customers During a Crisis?”The webinar explored a number of questions around best practices for communicating with clients during this time […]
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. For many boards, this meant working closely with management to revisit the strategy to address new risks on top of existing […]
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 purpose acquisition companies (SPACs). While traditional IPOs by and large have hit the pause button, so far in 2020, […]
