As business and IT leaders adopt new operating models and organize around rapidly shifting customer and business prioritization, they are embracing value stream management as their preferred approach. The rate of change...
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...
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...
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...
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...
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...
Managing Connected Devices in Today’s Evolving Business Environment
With the global economy in turmoil due to the COVID-19 pandemic, companies are looking for a competitive edge. In such an environment, it is only natural to look to technology, both for data collection and improvement...
Business Continuity Programs: Beware of Complacency
Now that many companies have settled into the new normal — with staff working remotely and offices closed completely or operating below capacity due to restrictions from social distancing — the next looming danger is...
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...