Within corporate environments, accountants are essential team members when it comes to governance, risk and compliance, especially during the pandemic.
With economic uncertainty, a pandemic, and concerns around race and equity topping daily headlines, existing initiatives to transform and innovate across people, processes and technology have become more amplified.
Some criticized the Fed’s decision to temporarily lift capital restrictions for megabanks, but the move will help ease the crisis.
The Institute of Internal Auditors and the International Federation of Accountants are calling on audit committees to be vigilant about risk management, performance, controls and processes during the COVID-19 pandemic.
Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks.
Borrower relief is necessary in a national emergency, but if the exclusion of the deferred loans from troubled-debt restructurings is extended past the end of the year, safety and soundness could be compromised.
Business continuity plans should be used constantly, not just when the crisis is at its peak, says the New York Fed’s head of financial services.
The pandemic is introducing changes — potentially significant ones — to the SOX compliance process.
The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks.
Two years ago, the Tulsa, Okla., company expanded its Native American casino lending business nationwide. It seemed like a great plan until the coronavirus pandemic struck.