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 February 6, 2019 Chief Risk Officers on the 2019 Risk Landscape: Keep Calm, Carry On We’ve all heard the cautionary tales: Blockbuster, Kodak, Borders – the market leaders that couldn’t keep pace with disruptive innovation and so became history. The risk of falling behind – in technology, talent or innovation – is the waking nightmare of corporate boards of directors and executives across the C-suite. It is the full-time job of chief risk officers (CROs) to make sure that… Blog February 7, 2019 Insurance Accounting Changes Are Coming Globally, and a Coordinated Approach Is Best Most public companies have already switched to the new revenue recognition standards and have moved on to the implementation of new lease accounting rules. Private companies, which were given a year longer to prepare, are close on their heels. Financial institutions are working out the kinks in complying with new rules on current expected credit losses (CECL). And now insurance companies, which… Blog February 8, 2019 Proactive ESG Reporting Could Give Energy and Utilities Firms a Competitive Advantage It’s becoming increasingly difficult for energy and utilities companies to dismiss the important role of environmental, social and governance (ESG) reporting in their long-term success. Investors not only want to incorporate ESG data into their decision-making but they also now expect to have that information. And even if a growing firm doesn’t yet need to worry about meeting investors’… Blog February 12, 2019 Despite Slow Adoption, Companies Are Putting Artificial Intelligence on Fast Track, Protiviti Survey Finds A new global study finds that while the use of artificial intelligence (AI) is low today, it is expected to create increased revenue, productivity, profitability and shareholder value for businesses within two years. Overall, only 16 percent of business leaders surveyed perceive they are currently garnering significant value from advanced AI. However, AI programs are being fast-tracked and that… Blog February 13, 2019 A Clear and Broad View of Digital Transformation Can Create Long-Term Value for Manufacturing Firms From the back office to the factory floor to e-commerce operations, manufacturing companies have abundant opportunities to enhance their businesses digitally. But with so many options come decision and resource problems. This often results in digital initiatives either stalling after they start or not getting off the ground in time for the business to gain a competitive advantage. Another, and… Blog February 14, 2019 Private Companies: Avoid Revenue Reckoning — Tackle Revenue Recognition Now As of January 1, 2019, private companies are required to comply with new revenue recognition rules designed to make accounting more transparent and uniform across industries. This change is part of a broader initiative to align global accounting rules and replace outdated proscriptive practices with a more principles-based approach. The new revenue rules can be found at FASB ASU 2014-09. For… Blog February 18, 2019 Compliance Insights Podcast: Virtual Currencies and Sanctions Risk, Latest CFPB Actions, FINRA's Annual Report In the latest podcast edition of Compliance Insights, Protiviti senior director Sean Kulczycki and senior manager Denis Camilo discuss in depth some of the issues from our latest Compliance Insights newsletter. Download the latest newsletter at www.protiviti.com/compliance-insights. Full transcript of the podcast follows. In-Depth Interview - Compliance Insights podcastJanuary 30… Blog February 19, 2019 Top Risks 2019: CAEs Must Expand Their Risk View to Align With Expectations Chief audit executives (CAEs) report to an audit committee of a public company’s board of directors, so it is critical that they are in tune with the concerns of board members and the C-suite. A recent analysis, however, reveals a divergence in risk perception that must be addressed if audit functions are to succeed in their expressed desire to serve their organizations in a more consultative… Blog February 20, 2019 Pursuing Next-Gen Business Opportunities With Better Data Governance In recent years, businesses have come to see improved data availability as a necessity for enhancing offerings, cutting costs and developing new models of business. For consumer products and services (CPS) companies, connected devices, online retailing and other digital tools are yielding more data than ever. Data and analytics — along with machine learning and artificial intelligence — are now… Blog February 21, 2019 Cyber Risk Assessment: Moving Past the “Heat Map Trap” Given the limits on time, attention and resources with which every cyber team must contend, risk assessment plays a critical role in helping set priorities and decide between options. Having a rigorous and accurate risk assessment process goes a long way in determining an organization’s cybersecurity performance. Unfortunately, our observation has been that most cybersecurity professionals… Load More
