Board Oversight of Cyber Risk
Compliance Insights - Apr 2017
DOJ Notifies Board Members
Protiviti helped the organisation realise the value of a structured accounting and finance operation that had defined roles and leveraged desktop procedures, tracking systems and strong reporting to keep projects and activities on schedule. This has enabled the company to improve its cash management and accounts receivable functions greatly, and regain the confidence of its partners and business associates.
The food manufacturing giant is the latest in a new breed of companies whose internal audit departments purposely have set out to shift from a “policing” role to that of a strategic adviser to the executive board on key decisions.
No organisation enters a credit agreement intending to default on it, but when a banking relationship sours, trust suffers, and it can be hard for the borrower to move forward. When a fast-growing technology firm defaulted on financial and operational covenants, its banker demanded immediate repayment in full. Unable to come up with the cash or find another bank willing to refinance, the firm was quickly running out of options. Liquidation loomed.
One of the world’s largest insurers needed an impartial assessment of which of its finance processes were good candidates for automation and which were not. Protiviti helped senior leaders identify and prioritize the most meaningful process improvements—resulting in significant savings.
$3 billion homebuilder successfully brings everything under one roof with well-orchestrated IPO and acquisitions.