Economic Crisis a Time for Self-Analysis


The unstable economy can lead to business challenges for some companies and opportunities for others.

To help you and your clients make difficult decisions, Protiviti Inc., a business consulting and internal audit firm and a subsidiary of Robert Half International, has formed the Financial Crisis Team.

The team suggests the following steps to help companies prepare for future market disruptions:

  • Review financial condition, focusing on asset quality, liquidity, capital strength and financing.
  • Evaluate options available under various government programs and private-sector alternatives to determine which are viable.
  • Prepare financial projections and forecasts based on the best options available.
  • Stress-test financial models, including resulting credit and market risk exposures.
  • Review the current risk management framework, with a focus on processes for assessing credit and counterparty risk and liquidity risk.
  • Adjust and take actions to mitigate unacceptable financial risk.
  • Assess financing and capital adequacy and options for raising additional capital, if necessary.
  • Conduct due diligence research on underlying assets considered for disposition and acquisition.
  • Explore strategic alternatives, including options for mergers, acquisitions and restructuring.


Source: www.protiviti.com/economiccrisis

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.