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  • Blog
    March 17, 2022
    The Transition to Renewable Generation and Smart Grids Brings Benefits and Challenges
    As we move further into 2022, demand for renewable electricity generation will continue to rise as the roots of environmental, social and governance (ESG) ideals deepen at home and abroad. In the U.S., executive actions by the current administration aimed at tackling climate change and a final rule issued by the Federal Energy Regulatory Commission (FERC) in 2020 are laying the groundwork for…
  • Blog
    March 18, 2022
    Who audits the auditors? External quality assessments as a measure of internal audit effectiveness
    Over the past three years, I have worked as an assessor for external quality assessments (EQAs) and as a project manager leading EQAs for larger internal audit departments. In 2022, along with Protiviti colleagues from across the globe, I was a part of Performing Effective External Quality Assessments, a course led by The Institute of Internal Auditors (IIA). So, what, exactly, are EQAs? The…
  • Blog
    March 21, 2022
    Risk and the Board of Directors: From Bordeaux to Today, What’s Old Is New
    On January 25, 2022, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), on his YouTube channel “Office Hours with Gary Gensler,” explained that the world’s first hack (of securities, no less!) was committed in 1834 by two brothers from Bordeaux, France: François and Joseph Blanc bribed telegraph operators to tip them off as to the direction the market was heading (…
  • Blog
    March 22, 2022
    “Digital Fabric” and “Presence” Will Be Core to the Future of Work, Says Jared Spataro, Microsoft’s Corporate VP of Modern Work
    The COVID-19 pandemic accelerated several trends that were already in motion, including digital transformation and remote work. Looking ahead, how can companies take their “working from anywhere” successes to the next level and create a work environment where everyone can collaborate seamlessly, regardless of where they’re located physically — or in a time continuum? It requires an “underlying…
  • Blog
    March 22, 2022
    SEC Issues Proposed Rules for Enhancement and Standardization of Climate-Related Disclosures
    The SEC issued proposed rules that would require reporting companies to enhance and standardize climate-related disclosures contained in registration statements and periodic reports, such as Form 10-K. These rules have been anticipated for quite some time. In this Flash Report, we summarize the SEC’s proposed rules, including timing for compliance should they go into effect this year, and…
  • Blog
    March 23, 2022
    The War in Ukraine: Globalization Takes Another Hit
    As Vladimir Putin’s ground forces remain mired in a stalemate in Ukraine, the situation becomes precarious. With regard to globalization, war is a game changer. Globalization is a phenomenon that has been evolving for centuries as companies and governments worldwide share ideas and principles, exchange goods and services, and forge alliances to increase leverage in addressing matters of diplomacy…
  • Blog
    March 24, 2022
    Is Your Loyalty Program Compliant With CCPA?
    For organizations that sell directly to consumers, loyalty programs can be an effective method for increasing revenue and encouraging brand loyalty. It has been proven that it’s easier to sell to existing customers than to acquire new customers. However, loyalty programs have recently come under increased scrutiny by California Attorney General Rob Bonta, in his enforcement of the…
  • Blog
    March 28, 2022
    Global Survey Finds CAEs and Executives Not Fully in Sync on Risk Management Priorities for 2022 and 2031
    At a time when organizations around the globe are facing a range of uncertainties, from volatility in financial markets to heightened geopolitical tensions, it’s never been more important for senior business leadership and internal audit leadership to be aligned on which risks are most critical for the organization to manage. However, Protiviti’s latest annual Top Risks Survey finds that chief…
  • Blog
    March 29, 2022
    7 Ukraine Flashpoints Require CFOs’ Attention
    Enduring and adapting to an often-grueling business climate resulting from the pandemic has enabled CFOs to develop new muscles within their finance organizations in terms of better analytics, forecasting, real-time data access, supply chain management and de-risking, and more. Unfortunately, they’re going to need these tools even more to address the fallout from the horrific crisis in Ukraine.…
  • Blog
    March 30, 2022
    “A Better World of Work Is Waiting” for Knowledge Workers Says Peter Richardson, Protiviti Managing Director and Architect for the Future of Work
    The COVID-19 pandemic has had a profound impact on where and how people work — an impact that is likely to endure. And moving forward, business leaders and their organizations have “a huge opportunity to continue to redefine what work is,” according to Peter Richardson, managing director and architect for the Future of Work at Protiviti. In Richardson’s view, we have only “scratched the surface…
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