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Current Challenges

Today’s businesses are facing unprecedented times and consequently are encountering new hurdles in their day-to-day operations. To help organizations stay afloat and maintain competitive advantage, Protiviti is pleased to regularly share its perspectives on these pressing current challenges.
 
Social media represents real opportunities and real risks and therefore demands a disciplined approach.
Regulatory reform for the financial services industry has become a topic of national and international debate. Once these regulatory changes go into effect, it will be a whole new ballgame for the industry.
“Early Movers” develop the ability to articulate and monitor strategy deployment while also anticipating and managing the associated opportunities and risks. These companies enjoy improved performance and a strategic advantage over their competitors.
Board members need to establish effective risk oversight. The risk oversight process ensures that the company has in place a robust process for identifying, prioritizing, sourcing, managing, & monitoring its critical risks.
Internal audit plays a critical role in helping companies successfully “manage the change”. Internal auditors must continue to enhance their skills and educate themselves on new technologies and competencies.
Nearly one in three large companies indicate that limited short-term credit availability has forced capital spending cuts, frozen or reduced hiring, and led to staff layoffs, cutbacks in inventory, and store and factory closings.
Social technologies offer new ways to acquire and serve customers. Protiviti helps organizations create social business strategies to engage – not manage – their customers. We also help companies build internal communities that improve business processes. Protiviti will benchmark your current state of social business to what others are offering and work with you to build a plan to get to the next level.
The Foreign Account Tax Compliance Act (FATCA), enacted under U.S. law in 2010, is aimed at combating tax evasion by U.S. persons holding investments in offshore accounts.

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