Search results: 113 matching results

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...
Subscriber Content

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...
Subscriber Content

The Journey to Implementation Continues

Under new requirements, credit losses under generally accepted accounting principles (GAAP) move from an “incurred” meas...
Subscriber Content

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...
Subscriber Content

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...
Subscriber Content

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...
Subscriber Content

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...
Subscriber Content

Signature and Authorization Policy

This tool contains three sample policies that establish standards and procedures for signature approval and authorizatio...
Subscriber Content

Accounts Receivable Policy

This tool contains two accounts receivable policies that establish procedures organizations should take for ensuring con...
Subscriber Content

Allowance for Doubtful Accounts Policy

This tool contains two sample policies that establish processes organizations can use for ensuring that uniform accounti...
Subscriber Content

Credit and Collections Policy

This tool contains two sample policies that outline guidelines and standards for reviewing and understanding an organiza...
Subscriber Content

Accounts Receivable/Collections Audit Work Program

This tool contains two sample work programs that provide general steps organizations should use when facilitating an acc...
Subscriber Content

Back-Office Process Optimization Report

This document contains two sample audit reports that can be used by auditors to learn how other organizations performed ...
Subscriber Content

Financial Close Review Audit Report

This audit report sample can be used by auditors for understanding and reviewing an organization’s financial close proce...
Subscriber Content

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...
Subscriber Content

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...
Subscriber Content

Bad Debt Policy

This tool contains two sample policies that establish procedures for determining the bad debt reserve when finalizing ac...
Subscriber Content

Lockbox Accounts Key Performance Indicators (KPIs)

This tool defines lockbox accounts, shares leading practices to mitigate the effects of processing, and provides methods...
Subscriber Content

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 ...
Subscriber Content

Fraud Detection Guide

This tool includes three guides that provide standards and steps organizations can use for effective fraud detection.
Subscriber Content

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...
Subscriber Content

Warranty and Claims Key Performance Indicators (KPIs)

This tool outlines leading practices and key performance indicators common to an organizations warranty and claims proce...
Subscriber Content