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.



Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.