Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog A Rose by Any Other Name...Is Still a Rose Gartner opened 2018 with a call for the market to shift its solution focus from governance, risk and compliance (GRC) to integrated risk management (IRM). We at Protiviti agree with the basic proposition that organizations today are focused on reducing business risk, and that they want flexible, open solutions that allow them to more easily adapt to a rapidly evolving external environment and the… Blog Financial Institutions Are Better Than Most at Bridging the Gap Between Procurement and Finance, But They Are Far From Perfect When Protiviti conducted a procurement survey, Bridging the Gap Between Finance and Procurement to Maximize Value, in 2017, the responses of organizations in the financial services industry (FSI) appeared to suggest that the industry has been the most successful among the industry groups represented in the survey at finding the balance between procurement and finance. On closer inspection,… Blog Three Fundamentals for Building a Solid Data Governance Program Time and again, we talk with clients who are neglecting perhaps the most important feature in a solid data strategy: data governance. With the explosion of data resulting from an increasing adoption of digital initiatives and the undeniable fact that we are now living in a data-driven world, it is more important than ever for organizations to recognize the importance of protecting data as a key… Blog In Transformations, People Are at the Heart of Success In our age of digital transformation, finance leaders have unprecedented opportunity to transform operations and create strategic advantages through technologies such as artificial intelligence and machine learning, virtual reality and robotic process automation. When finance leaders guide their organizations through these transformations, they can help secure their own success by encouraging… Blog Operational Resilience Supervision Moves into High Gear with Latest Consultation Papers for UK Institutions As part of a series of coordinated consultation papers, UK supervisory authorities on December 5 proposed new rules and expectations aimed at strengthening the operational resilience of the financial services sector. The latest proposals represent the most significant effort to date by any financial regulator to create formal rules around the topic of operational resilience and bring the policy… Blog Regulatory Changes, Economic Uncertainty, Culture Among Top Risks for Organizations, According to New Survey Entering into a new decade, boards and C-suite leaders around the globe are concerned with the escalating competition for specialized talent, their organizations’ culture and the ability to advance their digital maturity and embrace the transformative opportunities of technology. Business leaders contend that, coupled with the ongoing economic uncertainty and unknown future regulatory changes,… Blog OCC Flags Warning Signs of Operational, Credit and Interest Rate Risks In its Fall 2019 Semiannual Risk Perspective, the Office of the Comptroller of the Currency (OCC) highlights operational, credit and interest rate risks among key risk themes posing threats to the financial institutions it regulates. The themes, addressed by the OCC in this report, cover current and emerging risks facing national banks and federal savings associations as of June 30, 2019. The… Blog Winning the Finance Talent War: Five Strategies Recruiting and retaining the right resources in the finance function has never been more critical due to accelerating adoption of new technologies and complying with a growing list of regulations. But a finance labor shortage often stands in the way of these imperatives, posing operational risks. Protiviti’s latest Executive Perspectives on Top Risks Survey, conducted annually by Protiviti and… Blog CECL and the New AICPA Practice Aid: What Audit Committee Members Need to Know (Part 1) With the deadline around the corner for large companies to adopt the new accounting standards on current expected credit losses (CECL), the AICPA has published a Practice Aid to help management, internal auditors and audit committees prepare. The new CECL standard fundamentally changes the way financial services organizations calculate expected loan losses and raises the bar on financial… Blog Artificial Intelligence and Internal Audit: A Pragmatic Perspective Companies have high hopes for transformational technologies, especially those that leverage the vast amount of data being collected. Approaches using methods such as artificial intelligence (AI), machine learning (ML) and deep learning are becoming increasingly accessible and gaining significant traction, as they allow for deep insights to be extracted from large and varied data sets. As noted in… Load More
