Governance Portal for Regulatory Reform Expands Content
MENLO PARK, Calif., June 27, 2012 /PRNewswire/ — Protiviti (www.protiviti.com), a global consulting firm, today announced that it has teamed with Morrison & Foerster to add Dodd-Frank Act (DFA) rule maps and work plan guidance to the Protiviti Governance Portal for Regulatory Reform. The new information will make it faster and easier for organizations to comply with the Act’s many provisions.
Many companies struggle to distill the DFA’s lengthy narrative and changing timelines into actionable steps, and even organizations down the path toward compliance are often unsure of their status or if they’ve captured everything they need to. Based on content in Morrison & Foerster’s FrankNDodd database, the enriched content in the Governance Portal for Regulatory Reform provides organizations with a framework to map DFA rules across business lines and product areas, as well as detailed steps the organization must take to become compliant. The rules, updates, mapping and work plan guidance incorporated into the Governance Portal help to enable organizations to manage their compliance project efficiently while also giving them a tool to maintain compliance.
“One of the key challenges our clients face is managing overlapping rules that affect various business lines, products, geographically dispersed legal entities, processes, policies, and IT systems,” said Scott Wisniewski, managing director, Risk Technologies, Protiviti. “Incorporating work plan guidance into our Governance Portal for Regulatory Reform helps our clients manage this complex effort while driving accountability across relevant stakeholders.”
The Governance Portal for Regulatory Reform combines real-time DFA-related rulemaking information and Protiviti’s governance and compliance technology to help clients determine the status of regulatory developments and changes, assess regulatory risk, assign accountability for and track the status of implementation efforts, and demonstrate compliance and effective risk management practices to regulators, customers and other stakeholders.
Announced in July of 2011, Morrison & Foerster and Protiviti partnered to integrate Morrison & Foerster’s proprietary FrankNDodd database and tracking system into Protiviti’s Governance Portal for Regulatory Reform software, creating the only system that brings together compliance and governance technology with real-time Dodd-Frank Act-related rulemaking information and guidance. With FrankNDodd’s regulatory intelligence and information as part of the solution, Protiviti customers have a critical tool to promote risk assessment and compliance with the latest regulations.
About Protiviti Inc.
Protiviti (www.protiviti.com) is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. Through its network of more than 70 offices in over 20 countries, Protiviti has served more than 35 percent of FORTUNE® 1000 and Global 500 companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies.
Protiviti is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.
Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.