Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog December 4, 2017 New Insurance Data Security Model Law Requires Prompt Action In October, the National Association of Insurance Commissioners (NAIC) approved the Insurance Data Security Model Law (Cyber Model Law), which establishes standards for data security, as well as investigation and notification requirements for cybersecurity events in the insurance industry. The Cyber Model Law requires licensees – insurers, agents, or other entities regulated by state insurance… Blog December 5, 2017 Digitalization Expands Audit Scope Into New Territory Organizations across industries are racing to migrate analog approaches to customers, products, services and operating models to an always-on, real-time and information-rich digital business model. Using technology and digital advances, such as analytics, social media and smart embedded devices, these organizations are radically improving the performance and reach of their enterprises. This has… Blog December 7, 2017 Drastic Measures in the Oil Patch Helped Survival – But Can They Translate into a Sustainable Cost Management Program? The oil bust, which began shortly after prices peaked at nearly $108 per barrel in June 2014, has pummeled U.S. producers. According to the U.S. Energy Information Administration, oil and gas production jobs declined 26 percent and rig count plunged 78 percent from October 2014 through May 2016. Meanwhile, global oil and gas capital spending dropped 40 percent over 2014 and 2016. Leading… Blog December 7, 2017 Disruptive Innovation Tops Boards' and Execs' List of 2018 Risks in New Survey by Protiviti and NC State ERM Initiative Although board members and C-suite executives perceive a slightly less risky environment overall in 2018 compared to 2017, concerns remain. Top among them - disruptive innovation impacting existing business models and whether organizations are able to overcome organizational resistance to change to respond to this disruption in time. Leaders are less concerned about macroeconomic issues this year… Blog December 11, 2017 Avoiding “IoT Inertia” in the Oil and Gas Sector Requires an IoT Strategy To understand how the practical application of Internet of Things (IoT) technologies can potentially transform traditional operations and create value for businesses, just look to the oil and gas sector. Digitalization of oil fields began in the industry years ago. And now that sensors are more affordable, even small and midsize companies have the ability to track, in real time, data generated… Blog December 13, 2017 2017 VRM Study: De-Risking Amid Cybersecurity Concerns Four years into a regulatory push to improve vendor risk management, organizations across industries are getting smarter about who they work with and how they are working with them. The rate of improvement, however, may not be fast enough to keep up with the accelerating challenges of the external risk and regulatory environment, according to the 2017 Vendor Risk Management Benchmark Study from… Blog December 14, 2017 Beyond Cost Savings: Driving Long-Term Value With Supplier Relationship Management Certain supplier relationships can be restraining – a supplier with whom negotiations are challenging and the ability to leverage volume or spend is limited, for example. Then, the question is “Without traditional leverage or any apparent substitute suppliers, how can procurement continue to drive value for the organization?” In many cases, the answer is to focus on longer-term supplier… Blog December 15, 2017 Setting the Audit Committee Agenda for 2018 With new accounting standards, audit quality pressures from the Public Company Accounting Oversight Board (PCAOB) and uncertainty in the business and regulatory environment, many audit committee members I talk to say they feel tasked to the limit. This is not new. Stretched audit committees is a common phenomenon, and has been for years. When planning the agenda for the upcoming year, it’s easy… Blog December 19, 2017 Can Digital Mortgages Connect You to Millennials? Find Out in the Latest Compliance Insights Podcast Digital mortgages, clarifications on Russian sanctions under CAATSA, and more guidance on the new FASB lease accounting standard are the topics in the December issue of Compliance Insights. Listen to our podcast below for a discussion of two of these topics by Protiviti Managing Directors Steven Stachowicz and Rob Gould, and download the full issue to peruse all stories at length. [audio mp3="… Blog December 20, 2017 Is Servitization Manufacturing's Future? For Many, the Answer Is Yes. Many manufacturers see “servitization” — the process of moving from a product-centric business model to a bundled product-and-service one — as an inevitable future shift for their organization. What they often have difficulty visualizing, though, is when and how to make that move, and how long they may need to wait before they see a return on their investment from this new strategy. The latter… Load More
