Blog library

The challenges facing governments around the world, including Australia, are immense and growing. Leaders in both the public and private sector need to evaluate the risks and take the necessary steps to begin to solve the unprecedented problems they face. To help sort it all out, VISION by Protiviti caught up with Julie Bishop, Australia’s Minister for Foreign Affairs from 2013 until 2018. Bishop was the first…

As senior executives face more pressure to respond to rising costs and eroding profit margins, CFOs can remind their colleagues that they have more cost-optimisation strategies than they might expect.Many business leaders reflexively reach for the headcount-reduction lever. This is understandable given the rising cost of labor and that downsizing and reducing year-end bonuses usually hits the bottom line relatively…

For probably the umpteenth time, we use the term ‘garbage in, garbage out’ when we summarise problems with data quality. It has indeed become a cliché. Various industry studies have uncovered the high cost of bad data, and it’s estimated that poor data quality costs organisations an average of $12 million yearly. Data teams waste 40% of their time troubleshooting data downtime, even at mature data organisations, and…

A three-part blog series and webinar, featuring commentary, insights and points of view from Protiviti leaders and SMEs on key challenges and risks companies are facing today, along with new and emerging developments in the market.The final updated Global Internal Audit Standards (“Standards”) issued by The Institute of Internal Auditors become effective January 9, 2025. In this blog series, we introduce the key…

We often hear our clients ask what steps to take to develop a Software as a Service (SaaS) strategy for IT environments. Both the CIO and business owners recognise the benefits of SaaS solutions, which are readily available and often focused on a particular business need. SaaS products are becoming more popular, and usage is expected to grow at a double-digit rate in the coming years, driven by increased adoption of…

In a global survey of CFOs and finance leaders conducted by Protiviti, ESG metrics and measurement stand out as the highest priority for the finance organization to address over the next 12 months.

The Institute of Internal Auditors (IIA) final updated Global Internal Audit Standards provide the opportunity for transformative change. The update requires the internal audit (IA) function to have a strategic plan aligned with the organisation’s strategy and defined performance objectives.

While the various forms of artificial intelligence (AI) have captured the imagination of nearly everyone in the business world, generative AI (GenAI) is rapidly becoming the hottest new kid on the block. We’ve seen the terms AI and GenAI being used synonymously but there are many types of AI. GenAI is the latest one and represents the ability of a model to create novel output. GenAI is a big space that can create…

Companies in the energy and utilities (E&U) industry are moving fast to adopt artificial intelligence (AI), including generative AI, to increase their competitive edge. But while AI can help these firms to drive innovation, boost profitability and reduce certain risks, it also increases their exposure to cyber threats.

The final updated Global Internal Audit Standards (“Standards”) issued by The Institute of Internal Auditors become effective January 9, 2025. In this blog series, we introduce the key Standards updates, explore the impacts of the updates on the internal audit (IA) function, provide practical guidance for adopting the changes required for compliance and consider the opportunities to move beyond conformance, with a…