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A collection of Protiviti blogs. 

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October 28, 2024

New sustainability reporting law in Australia should prompt fresh look at COSO’s internal control framework

Sustainability reporting is now law.  On 9 September 2024, the Australian Parliament passed The Australian sustainability reporting regulation into law. The first reports by the largest in-scope entities are due in 2026, for reporting periods beginning 1 January 2025.
The urgent need to develop a successful competitive strategy and align your supply chain to it has become apparent in recent years. So why haven’t successful implementations of enterprise technology systems kept pace to support this critical need? The issue is that many of the core characteristics of enterprise applications – complex configurations, lengthy implementations, extensive testing and big-dollar budgets…
As the stakes increase for ensuring the integrity of sustainability reports, CFOs across all industries should not only consider adding the ESG controller role in the finance function but also determine where it sits in the organisational structure and how a newly appointed ESG controller can be positioned to succeed.
Operational resilience – the ability for firms to prevent, adapt, respond to, recover and learn from operational disruptions – is a common concern for clients, leading to questions such as: Which management information should firms report against? Or, how can organisations advance testing beyond tabletop scenarios? While the answers often depend on specific contexts, leveraging available data across the business can…
Sustainable sourcing, an emerging trend only a decade ago, is converging with strategic sourcing to become a fundamental component of business strategy. This reflects a broader move toward more ethical and environmentally responsible supply chains – a shift driven by regulatory requirements, customer expectations, technology advances and the realisation of long-term benefits of sustainable practices. 
The rise of Artificial Intelligence (AI) has fundamentally transformed the landscape of fraud detection, presenting unprecedented challenges and opportunities for businesses across industries.
Businesses are excited about the transformative potential of artificial intelligence (AI) to innovate and enhance business models, customer insights, products, and processes. Alongside this potential, there is a growing need to identify and mitigate risk associated with AI technologies. CIOs, in particular, are exploring how to ensure the responsible design and use of AI and their roles in managing legal, regulatory…
The emergence of generative AI (GenAI) promises transformative impacts across all areas of an organisation, including enterprise architecture. Since generative AI debuted in the public spotlight with ChatGPT in November 2022, organisations are eagerly exploring use cases on how this technology can enhance employee productivity and drive revenue growth. 
As the wheel of digital transformation continues to turn, it brings with it profound changes across a myriad of industries. Perhaps none so much as in the finance function, which finds itself on the cusp of a new era defined by artificial intelligence (AI)-driven efficiency tools.
Sustainability reporting is now law.  On 9 September 2024, the Australian Parliament passed The Australian sustainability reporting regulation into law. The first reports by the largest in-scope entities are due in 2026, for reporting periods beginning 1 January 2025.
Adapting new technologies to manufacturing applications and processes is often a challenge – and, particularly with AI, there is no easy button to push.
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