Drastic Measures in the Oil Patch Helped Survival – But Can They Translate into a Sustainable Cost Management Program?
The oil bust, which began shortly after prices peaked at nearly $108 per barrel in June 2014, has pummeled U.S. producer...
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Challenges to Model Validation Under the New CECL Standard
On June 16, 2016, the Federal Accounting Standards Board (FASB) finalized the Current Expected Credit Loss (CECL) standa...
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Are You Ready for CECL Model Validation? The Answer Is a Resounding … Maybe.
Whether financial services organizations are prepared for the impact of the Current Expected Credit Loss (CECL) standard...
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The Journey to Implementation Continues
Under new requirements, credit losses under generally accepted accounting principles (GAAP) move from an “incurred” meas...
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Impact of the New Current Expected Credit Loss (CECL) Methodology
In this article, Protiviti provides a summary of the Financial Accounting Standards Board’s proposed CECL methodology an...
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Persevering and Prospering in the Time of COVID-19: Keep Accounts Receivable Turning
This article offers several approaches finance leaders can use to manage the billing and collections issues they are fac...
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CECL Financial Statement Disclosures — What’s Changing?
Protiviti explains precisely which aspects of legacy U.S. GAAP and other related guidance are changing under the CECL st...
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Emerging Companies and Innovation for the Back Office
This article discusses innovative strategies an organization can apply to the back office to secure a flexible and agile...
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With a Change in the Credit Cycle, a Rise in Special Assets Is Likely: Is Your Institution Prepared?
This article outlines some communication techniques organizations can use to reduce the total number of hours spent on S...
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Signature and Authorization Policy
This tool contains three sample policies that establish standards and procedures for signature approval and authorizatio...
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Accounts Receivable Policy
This tool contains two accounts receivable policies that establish procedures organizations should take for ensuring con...
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Allowance for Doubtful Accounts Policy
This tool contains two sample policies that establish processes organizations can use for ensuring that uniform accounti...
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Credit and Collections Policy
This tool contains two sample policies that outline guidelines and standards for reviewing and understanding an organiza...
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Accounts Receivable/Collections Audit Work Program
This tool contains two sample work programs that provide general steps organizations should use when facilitating an acc...
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Back-Office Process Optimization Report
This document contains two sample audit reports that can be used by auditors to learn how other organizations performed ...
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Financial Close Review Audit Report
This audit report sample can be used by auditors for understanding and reviewing an organization’s financial close proce...
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Hotel Accounts Receivable and Credit Review Audit Work Program
This sample document can be used by auditors for conducting a hotel or hospitality property’s accounts receivable and cr...
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Accounts Receivable Credit and Collections Audit Report
This document contains three sample audit reports that can be used by auditors to learn how other organizations performe...
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Bad Debt Policy
This tool contains two sample policies that establish procedures for determining the bad debt reserve when finalizing ac...
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Lockbox Accounts Key Performance Indicators (KPIs)
This tool defines lockbox accounts, shares leading practices to mitigate the effects of processing, and provides methods...
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Close-the-Books Process Flow
This tool includes two sample process flows that can be used as a general guide to understanding, reviewing and mapping ...
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Fraud Detection Guide
This tool includes three guides that provide standards and steps organizations can use for effective fraud detection.
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Payroll Process Flow
This process flow can be used as a general guide to understand and review the steps in an organization’s payroll process...
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Warranty and Claims Key Performance Indicators (KPIs)
This tool outlines leading practices and key performance indicators common to an organizations warranty and claims proce...
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