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  • Blog
    Compliance Assurance During the Time of COVID-19 – And Beyond
    Has there ever been a more challenging climate for the second and third lines of defence? COVID-19 has quite clearly changed the entire 2020 landscape for financial services. A flurry of economic challenges and hurdles has put tremendous pressure on the business models of both traditional organisations and upstart, digitally native firms. Risk functions, in addition to dealing with financial…
  • Blog
    New SOX Survey: COVID-19 Environment Further Drives Need for Greater Automation and Technology Adoption for Compliance Processes
    Only 46% of audit teams are utilizing advanced technologies to optimize compliance processes - a decrease from last year, according to a just-released Sarbanes-Oxley survey by Protiviti. The longstanding challenges associated with compliance with the Sarbanes-Oxley Act, such as cost and reliance on time-consuming manual tasks, are being exacerbated by the COVID-19 pandemic, as finance and audit…
  • Blog
    Rethinking Offshoring? Ideas to Consider as Momentum for Nearshoring Builds
    After two decades of  offshoring manufacturing jobs to low-cost countries thousands of miles away, many organizations in the developed parts of the world are beginning to reconsider that strategy. Even before the U.S. tariffs on Chinese imports and the COVID-19 pandemic, organizations had begun exploring opportunities to return manufacturing operations closer to home – a practice known as “…
  • Blog
    COVID-19 Fuels FP&A’s Expanding Role in Real-Time Strategic Planning
    The future is difficult to predict. This is true in normal times but even more so following the events of 2020, including the wide-ranging impacts of a global pandemic. These conditions are a stark reminder that the span of business predictability is becoming shorter and that organizations must be ready to respond to new market opportunities and threats more quickly than ever before. As a result…
  • Blog
    SEC Indicates Greater Interest in Climate Change Disclosures
    On February 24, 2021, Allison Herren Lee, acting chair of the U.S. Securities and Exchange Commission (SEC), issued a statement directing the SEC’s Division of Corporation Finance to review climate-related disclosures in public company filings and determine the extent to which companies are addressing the topics identified in “Commission Guidance Regarding Disclosure Related to Climate Change,”…
  • Blog
    Measuring the Impact of a Telehealth Program
    During the COVID-19 pandemic, telehealth has proven its value as a viable (and vital) healthcare alternative to traditional in-office visits. As telehealth continues to transform the healthcare landscape post-public health emergency, providers should begin shifting their thinking from short-term crisis health delivery to ensuring the long-term effectiveness and sustainability of such programs. To…
  • Blog
    To Prepare for Risks the Next Decade May Bring, Start Fostering an Innovation Mindset Now
    In today’s dynamic and uncertain business climate, a company’s ability to innovate continuously and strategically is not only a business differentiator but a survival strategy. The disruption and uncertainty of the past year drew a sharp line between the businesses that innovated quickly and thrived and those that failed to adjust quickly and faltered. It’s also clear that any company aiming to…
  • Blog
    Risk Survey: Future-Readiness Demands Anticipation and Action
    The business world is vying for a stable footing while navigating the shaky grounds of the current pandemic. There is widespread acknowledgment that markets are evolving to a “new normal” and are not likely to revert back to pre-pandemic norms. As customer preferences and behaviors change and the workplace evolves, business models, out of necessity, must align with new market realities. At the…
  • Blog
    GameStop Saga Exposes Trading Flaws, Reveals Huge Opportunity for a “Disruptor”
    The January 2021 trading frenzy surrounding GameStop and other meme stocks was driven by the collective mob mentality of people on a social media channel – not by Wall Street-aligned firms or a substantive news event. People with online monikers like “Roaring Kitty” and “BowlerGuy92” tried to take on Wall Street, and, in the end, showed the collective power that distributed investing can have on…
  • Blog
    Consumer Products and Services Executives Identify Pandemic Policies, Market Conditions and Talent Shortage Among Top Risk Issues for 2021 and Beyond
    The results of the 2021 Top Risks Survey from Protiviti and NC State University’s ERM Initiative reflect equally the unprecedented challenges and opportunities facing the consumer products and services (CP&S) industry as a result of the COVID-19 pandemic. Overall, the results show many CP&S executives are worried about a mix of macroeconomic, strategic and operational risks impacting…
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