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

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.