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  • Blog
    August 8, 2019
    Discussions of robotic process automation (RPA) and artificial intelligence (AI) tend to follow separate tracks. This has been a function of the way these technologies have been marketed and sold. This is changing as companies realize that both RPA and AI are required to achieve any significant degree of end-to-end process automation. For example, even a company that is not ready to delegate…
  • Blog
    August 13, 2019
    In July, we had the pleasure of hosting a panel discussion with financial regulators in Protiviti’s San Francisco office. The discussion was attended by representatives from 25 banks and financial institutions, including Bank of the West, Charles Schwab, First Republic, MUFG and Wells Fargo. The panelists were Robert Coleman, Regional Accountant from the Federal Deposit Insurance Corporation (…
  • Blog
    August 21, 2019
    At the most recent meeting of the San Francisco Bay Area Chapter of the FAIR Institute, a group of local practitioners, analysts and C-level executives gathered for a panel discussion on the Factor Analysis of Information Risk (FAIR) methodology. The discussion was hosted by Protiviti, which recently joined the FAIR Institute community as a Founding Sponsor in Advisory Services. We have…
  • Blog
    August 22, 2019
    On August 20, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) approved a set of changes to the Volcker Rule’s proprietary trading and compliance provisions. The other three Volcker Rule agencies – the Federal Reserve, the Securities & Exchange Commission and the Commodity Futures Trading Commission – have yet to approve the changes but…
  • Blog
    August 23, 2019
    Artificial intelligence (AI) is revolutionizing the way companies do business. It is helping companies improve decision making, increase customer retention, bring new products to market more quickly, and experience exponential growth. A global Protiviti study found that companies leading the way with advanced AI are seeing a real competitive advantage. As AI becomes integrated into how we do…
  • Blog
    August 26, 2019
    Which of these statements is true? “Customers love when retailers provide them with a better shopping experience. Online, customers value the convenience of buying and shipping merchandise with a few clicks; personalized cross-selling and upselling features seem to read their minds. In stores, customers enjoy generous return policies enabled by retailers’ records of their past transactions…
  • Blog
    August 28, 2019
    During his presidential campaign, Donald Trump promised to reduce U.S. trade deficits with China and address China’s perceived unfair trade practices. The two countries have been at odds over trade for more than a year. After months of threats, the Trump administration imposed a variety of tariffs on Chinese industrial and consumer products. China responded with retaliatory tariffs on an…
  • Blog
    September 3, 2019
    Protiviti and Robert Half frequently host summits with our clients to understand their views on various topics. We very much value our clients’ time, and these forums provide us an opportunity to listen to and learn from those we service. At a recent gathering in San Francisco, we organized a similar panel of chief financial officers (CFOs). This post is the first of a three-part series to share…
  • Blog
    September 5, 2019
    Sarbanes-Oxley Act compliance has been a challenging 15-year process for most companies. Over the past 15 years, SOX teams have had to navigate a constantly changing landscape of regulatory pronouncements, enforcement and accounting practices. Adapting to these changes has proven to be costly and time-consuming, and although 2019 SOX survey data shows that companies have begun to make some…
  • Blog
    September 9, 2019
    As companies adopt technology to transform operations and compete in an era of big data and “thinking” machines, or AI, internal auditors are looking for ways to achieve the same kind of transformation, especially when it comes to the expensive and time-consuming tests and reporting required by the Sarbanes-Oxley Act (SOX). Protiviti’s 2019 SOX survey shows that a growing number of internal…
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