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  • Blog
    October 22, 2019
    Internal Audit Innovation for the Next Generation
    The Protiviti View is examining some of the ways internal audit (IA) departments around the world are reinventing themselves, drawing on the experience of 16 innovators profiled in Internal Auditing Around the World, Volume 15. We examined various specific technologies and approaches (RPA, analytics, and agile auditing techniques) and the way they are being applied by leading audit departments.…
  • Blog
    October 24, 2019
    Lease Accounting Changes: The Journey So Far
    Many public companies have spent the better part of the last two years reworking lease accounting practices to comply with a new accounting standard that went into effect for calendar-year reporting entities on January 1,, 2019. Private companies have been given an extra year to manage the transition and are expected to be compliant beginning January 1, 2021. This is a complex and resource-…
  • Blog
    October 30, 2019
    With FASB Deadlines Finalized, a Final Checklist for CECL Readiness
    On October 6, the Financial Accounting Standards Board (FASB) approved the final deadlines for the implementation of four major accounting standards, including CECL (Accounting Standard Update 326-13). For large public filers, the switch flips on December 15, 2019, impacting calendar reporting entities on January 1, 2020, as anticipated. With the deadline just around the corner, those…
  • Blog
    November 1, 2019
    Report: UK Regulators Urged to Hold Firms and Individuals Accountable for “Unacceptable” Number of IT Failures
    The UK government’s Treasury Select Committee is raising the stakes on accountability for IT failures within the financial services industry, describing the current level and frequency of operational disruption and consumer harm as “unacceptable” in a report published on 28 October, 2019. “With bank branches and cash machines disappearing, customers are increasingly expected to rely on online…
  • Blog
    November 5, 2019
    Client Lesson #3: “Don’t Send Me Resumes, I Need a Partner.”
    Protiviti and Robert Half frequently host summits with our clients. These forums provide us an opportunity to listen to and learn from those we serve. We value our clients’ time and the opportunity to understand their views on various topics. This is the final post in a three-part series to share lessons we learned at a recent summit. Our first post discussed the value of resources who went into…
  • Blog
    November 6, 2019
    Cybersecurity, Automation, Next-Gen Audit Skills: Key Themes From the SIFMA IAS Conference
    Evolving cybersecurity and operational challenges continue to reshape internal audit and risk and compliance functions. On October 27-30, the SIFMA Internal Auditors Society hosted its annual internal audit conference in Miami, exploring topics ranging from audit fundamentals, to intelligent automation, analytics and auditing cyber. Protiviti Managing Director Doug Wilbert from our Risk and…
  • Blog
    November 8, 2019
    Podcast: Addressing Operational Resilience From an Internal Audit Perspective
    In a previous podcast, Protiviti Managing Director Rick Magliozzi discussed key themes from the SIFMA IAS conference, which took place in late October in Miami. In this follow-up segment, managing directors Doug Wilbert and Carl Hatfield, who presented at the conference, focus on the role of internal audit, and what first- and second-line functions can do to facilitate internal audit's role in an…
  • Blog
    November 11, 2019
    In Many Technology Firms, the “Tech Balance” Wave Is Building in the Finance Function
    Tech industry CEOs are getting more internal support than they might realize in helping their businesses achieve “tech balance.” Findings from Protiviti’s 2019 Global Finance Trends survey suggest that CFOs at technology companies are helping their organizations, knowingly or not, to make tech balance a formal business strategy. This is not a surprise, though, given that the finance function is a…
  • Blog
    November 12, 2019
    Public Company Transformation: Critical Audit Matters Should Matter for Soon-to-Be-Public Companies
    The first round of financials is coming in from large, non-calendar-year-end filers under new enhanced public reporting standards, and the  public companies with later year-ends are  examining those disclosures for trends that will help them complete the new Critical Audit Matters (CAMs) requirement under the new Public Company Accounting Oversight Board (PCAOB) auditing standard 3101 (…
  • Blog
    November 13, 2019
    SOX Compliance: Faster Automation, Fewer Controls, and How to Get There
    In previous posts (here and here) we highlighted certain discussions from a webinar we conducted earlier this year, about the results of Protiviti’s 2019 SOX survey. The webinar generated a number of questions from participants both during and after the live presentation. As those questions continue to crop up in our conversations with clients, we’d like to address two of them here. Why aren't…
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