Results for Search Submit Filter by: Advanced Filter All results Solutions Industry People Client Story Insights/Blogs Filter Blog You’ve Heard of Next-Gen Internal Auditing: Here’s a Look Inside Internal audit tools and techniques are evolving rapidly, creating a lot of energy and excitement around transformation and innovation. In a recent Protiviti webinar on “next-generation” internal auditing, nearly 70 percent of participants indicated that they were undertaking such initiatives. The objectives of these transformations — efficiency, adaptability, increased engagement and deeper… Blog Leadership Succession Continues to Challenge Consumer Products and Services Companies Horror movie fans are well-versed in the ever-popular “zombie apocalypse.” But for those who work in the consumer products and services industry, the “retail apocalypse” is more frightening. The retail apocalypse refers to the widespread closure of brick-and-mortar retail stores in the United States and Canada. It represents a serious threat to the retail business model we have always known… Blog PCAOB Issues Outlook to Audit Committees for 2019 Staff Inspections On March 14, the PCAOB released a Staff Inspection Brief highlighting its strategic focus on enhanced engagement with key external stakeholders, including audit committees. The brief is intended to help audit committees and registered public accounting firms understand and comply with PCAOB Auditing Standards and is useful for preparers and issuers to understand issues that impact their auditors… Blog Energy and Utilities Firms Need to Prepare for a Digital Future For U.S. energy and utilities companies, 2019 is shaping up to be a positive year, supported by sound economic fundamentals. In particular, commodity prices are stable, energy demand is trending up, and real gross domestic product continues to grow, helping bolster and propel the industry. Organizations that have invested in efforts to drive greater operational efficiencies are starting to… Blog Sustainable Supply Chains – Desired and Required With greater consumer awareness and changing social values, most organizations these days feel compelled to report on their sustainable business practices. Not only are such disclosures good for the image of the company, but they come with concrete financial benefits attached – one in every four dollars invested in the United States, and $23 trillion globally, come from investors who say that… Blog Identity and Access Management in Financial Services – Staying Ahead of the Curve Organizations are feeling the heat. Companies across all industries are under pressure to innovate and create new ways of doing business to stay relevant. For financial services organizations in particular, these pressures are even stronger due to fierce competition from industry behemoths as well as new, “born digital” start-up companies. Among the many challenges: balancing complex and ever-… Blog Why Auditors Rarely Find Fraud In today’s world where corporate scandals often make front page news, fraud prevention and detection are becoming a priority for management and decision-makers. An alarming fact reported by the Association of Certified Fraud Examiners (“ACFE”) stated that an average organisation loses an estimated 5% of its annual revenue to fraud, hence fraud is posed as one of the major risks facing an… Blog Applying Qualitative Factor Overlays on CECL Models: Key Considerations With the initial deadline for adherence to the Current Expected Credit Loss (CECL) accounting standard approaching, regulators and industry representatives gathered in New York recently for the CECL 2019 conference to discuss the top-of-mind considerations for CECL and understand what public, SEC-filing institutions should be doing to prepare to go live with the standard on January 1, 2020. One… Blog Companies Could Use More CFO Insight, And CFOs Could Use More AI “If it ain’t broke, don’t fix it.” This famous defense of the status quo was popularized in 1977 by Bert Lance, a Georgia banker and Director of the U.S. Office of Management and Budget under President Jimmy Carter. It is apt that such wisdom would come from a banker, especially one who served, albeit briefly, as America’s chief financial officer (CFO). Anyone who has ever wrestled with trying… Blog Top Risks: Winning the War for Talent It should be no surprise that finding and keeping workers with digital skills is a top concern for executives and directors. The more digital companies become, the fiercer the competition for workers with a digital mindset: an aptitude to flourish in this new environment. In the most recent Top Risks survey, conducted by Protiviti and North Carolina State University’s ERM Initiative in… Load More
