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  • Blog
    It’s the end of the work as we know it, and I feel fine
    What is the future of work? It’s a simple question with complex answers. The pandemic has had a profound impact on work, workforces, and workplaces, transforming them in unprecedented ways. Over the last two years, no aspect of business has been immune to the disruption and chaos it’s caused around the globe. Work was already in a state of change before the pandemic, but the pace of change…
  • Blog
    Regulatory Scrutiny and Labor Issues Top Healthcare Risks Over the Next Decade
    After two years of navigating the COVID-19 pandemic, healthcare organizations are trying to take full stock of how the crisis has changed their business and industry, while also trying to ready themselves for what’s likely to come next. And based on the findings from our latest Top Risks Survey, what these organizations see on the horizon for this year, and for the decade to come, is an array of…
  • Blog
    Stop Kicking the Can: Why Companies Must Think Long Term to Solve Supply Chain Challenges
    The global supply chain has been in crisis for many months now — and all signs point to disruption and uncertainty remaining the status quo for years to come. Findings for Protiviti’s latest global Top Risks Survey show that manufacturers are very concerned about being able to deliver their products or services at acceptable margins now and in the future. The C-suite executives in the…
  • Blog
    New Protiviti Research: Innovation and Transformation Are Driving the Future of Internal Auditing
    Innovation is about the creation of ideas and how those ideas can translate into value. It is about new and different ways of thinking and working, performing established activities in new and better ways, and pursuing new ideas. Many organizations — including their CAEs and internal audit functions — are operating in a significantly different manner than they did just a few years ago. They are…
  • Blog
    The War in Ukraine Rages On: The Energy Fallout
    Over the last two weeks, the world has witnessed harrowing images of Russian atrocities in targeting civilians with indiscriminate bombardment of residential areas, medical facilities and infrastructure. Ukrainian resistance has stiffened as a tragic humanitarian crisis has unfolded. Almost three million refugees have fled the country as the Russian military relies on long-range firepower,…
  • Blog
    The Transition to Renewable Generation and Smart Grids Brings Benefits and Challenges
    As we move further into 2022, demand for renewable electricity generation will continue to rise as the roots of environmental, social and governance (ESG) ideals deepen at home and abroad. In the U.S., executive actions by the current administration aimed at tackling climate change and a final rule issued by the Federal Energy Regulatory Commission (FERC) in 2020 are laying the groundwork for…
  • Blog
    Who audits the auditors? External quality assessments as a measure of internal audit effectiveness
    Over the past three years, I have worked as an assessor for external quality assessments (EQAs) and as a project manager leading EQAs for larger internal audit departments. In 2022, along with Protiviti colleagues from across the globe, I was a part of Performing Effective External Quality Assessments, a course led by The Institute of Internal Auditors (IIA). So, what, exactly, are EQAs? The…
  • Blog
    4 Steps To Transform Supply Chain Management Amid Today’s New World Order
    The CFO’s purview continues to expand amid the shifting tides of globalization. Supply chain risk management represents a newly vital, and growing, segment of that purview. To illustrate: When the Kremlin threatened to nationalize the assets of Western companies that pull out of their country in protest over its invasion of Ukraine, CFOs within those organizations sprang into action, quantifying…
  • Blog
    Laser Focus on Risk Mitigation, Brand Protection Key to Managing Geopolitical Crisis
    C-suite executives from the consumer products and services (CPS) industry were remarkably prescient in their risk perceptions for 2022. After one quarter, many anticipated top risks —namely, disruptive technologies, supply chain bottlenecks, rising costs, labor shortages, data breaches and restrictive government policies — have not only persisted but also intensified. For example, inflation and…
  • Blog
    Key Strategies to Mitigate Ransomware Impact
    Information security leaders face an enormous threat affecting organizations of every size and in every industry as ransomware is being used to extort capital from companies worldwide. The bottom line According to recent research, the average payment following a ransomware attack in 2020 is trending up with triple digit increases year over year. That same research shows that the size of the…
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