Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog Agile Risk Management: A New, More Confident Approach for Financial Services Firms In a fast-changing regulatory and business environment, agility is key. The ability to react quickly to new regulations, adapt old products or launch new ones in new markets, and enhance customer satisfaction with new technologies is essential for organizations to face the future with confidence. In the wake of the global financial crisis, financial services organizations invested heavily in… Blog SOX Compliance – Unpacking the Results From Our Survey Organizations spent significantly more time and money on Sarbanes-Oxley (SOX) compliance in 2015 than in the previous year – costs hovered at just over $1 million on average. Good news is, the majority of respondents to Protiviti’s 2016 SOX Compliance Survey say they are leveraging these investments to improve internal control over financial reporting and drive continuous improvement of business… Blog Internal Audit and the Internet of Things Depending on whom you ask, the business disruptor known as the Internet of Things (IoT) is either the launch pad for an indispensable digital future, or a Pandora’s box of unfathomable risks that have only begun to present themselves. Either way, that’s a lot to lay on a technology trend that only 13 percent of consumers had even heard of, as recently as 2014. As with most disruptive change that… Blog From Factory Workhorse to Factotum, Robotic Automation Is Evolving to Serve the Head Office Introduced in the 1960s to perform simple manufacturing tasks, robotic automation has evolved into a jack-of-all-trades, moving into the head office to streamline and accelerate a variety of business processes as part of a global digital transformation. Robotic process automation (RPA) and robotic desktop automation (RDA) use software for tasks such as processing sales and financial transactions… Blog Cloud Adoption: Putting the Cloud at the Heart of Business and IT Strategy Cloud computing is on the rise as businesses respond to rapidly evolving consumer behaviors, changing business models, and the opportunities and risks brought by new market entrants. Chief information officers and chief technology officers must manage this shift under mounting regulatory pressure and growing concerns about data security and privacy, while simultaneously managing complex and… Blog AICPA Issues Audit Risk Alert on Revenue Recognition, With More Guidance to Come The American Institute of Certified Public Accountants (AICPA) recently issued an Audit Risk Alert on Revenue Recognition – an early and significant entry in what will be a growing body of guidance concerning the Financial Accounting Standards Board’s (FASB’s) new revenue recognition standard. It’s an important resource for preparers and auditors, because it explains the new revenue recognition… Blog Internal Audit Around the World: Collaboration, Technology and the Female CAE Technology is creating new areas of risk for businesses, requiring a collaborative mindset and strong relationships to manage risk effectively. At the same time, technology is creating new opportunities to improve how internal auditors manage risk – opportunities that come with the same requirements of collaboration and relationship-building. These changes to the internal audit landscape are… Blog From New York to Hong Kong: The Need for a Global AML Program Money launderers don’t recognize geographical boundaries and, while they often seek to launder money in those jurisdictions with the weakest regulatory environment, they are also attracted to major markets, which can accommodate large-scale movement of funds. They are masters at exploiting any weaknesses caused by differences among national anti-money laundering (AML) systems, which is why the… Blog Sourcing SOX Compliance Costs: Fewer Controls, More Scrutiny In a recent post recapping our webinar on rising SOX compliance costs, we cited increased external auditor scrutiny of “information produced by entity” (IPE), or electronic audit evidence, as contributing significantly to the increase in costs, with the testing and validation of IPE requiring almost twice the eight-hour average time required to test other internal controls. External auditors of… Blog Strategic Risks: How Can CAEs Up Their Game? The latest Common Body of Knowledge (CBOK) survey of internal audit stakeholders reports 7 out of 10 stakeholders want audit leaders to focus on strategic risks, as well as operational, compliance and financial risks, during an audit. The message is loud and clear. Board members and senior executives are saying they wish to look to the internal audit function for insights that will help them… Load More
