Archive - November 2020

FinCEN and the Banking Agencies Clarify Due Diligence Requirements for Charities, Non-Profit Organizations

On November 19, 2020, the Financial Crimes Enforcement Network (FinCEN) and the bank regulatory agencies (the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the National Credit...

Realities of Crisis, Regulatory Landscape Call for Re-imagining Resilience and Curbing Complacency

Over the last 12 months, financial institutions and regulators have been re-imagining what it means to be a resilient organization. The most disruptive event in modern history also has been the most instructive in terms of expanding the industry’s...

SOX Compliance Under COVID-19: Considerations for Completing Quarterly Assessments

A question receiving heightened attention recently is the quarterly evaluation of deficiencies identified in companies’ Sarbanes-Oxley (SOX) programs. Many organizations are considering whether a formal quarterly control deficiency analysis needs to...

Program Management as a Service – Transforming the PMO Through a Scalable Service Model

The program management office (PMO) function today is expected to deliver highly complex transformation activities that cannot be solved using traditional methods. PMOs must be capable of partnering at all levels, both internally and externally, and...

Skills and Scale – The New Finance Labor Model Proves Its Real-World Value

The finance labor model of the future has passed a major test – and it was a massive one. The results of Protiviti’s latest global survey of CFOs and finance leaders show that finance organizations which leverage a diverse talent pool of full-time...

PCAOB Issues Interim Analysis Report on Initial Impact of CAM Requirements

On October 29, the Public Company Accounting Oversight Board (PCAOB) released an interim analysis report, along with two accompanying white papers, in which the board provides its analysis and perspectives on the initial impact of its critical audit...