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 January 2, 2020 Artificial Intelligence and Internal Audit: A Pragmatic Perspective Companies have high hopes for transformational technologies, especially those that leverage the vast amount of data being collected. Approaches using methods such as artificial intelligence (AI), machine learning (ML) and deep learning are becoming increasingly accessible and gaining significant traction, as they allow for deep insights to be extracted from large and varied data sets. As noted in… Blog January 6, 2020 RPA Offers a Fast and Cost-Effective Way to Automate Account Reconciliations Seventy-three percent of chief financial officers are looking to new technologies as ways to streamline processes and add value to their organizations, according to Protiviti’s 2019 Finance Trends survey. There are many off-the-shelf solutions that promise to help them do that by automating everything from check processing to call centers. Another, sometimes overlooked solution is robotic process… Blog January 7, 2020 Getting Ready for the Threat of Cyber Warfare On January 4, 2020, the Department of Homeland Security (DHS) issued a National Terrorism Advisory System (NTAS) bulletin describing current developments and general trends regarding the terrorist threat posed by nation-state cyber warfare programs. According to the NTAS, the catalyst for the bulletin’s issuance is the United States’ “lethal strike in Iraq killing Iranian IRGC-Quds Force… Blog January 7, 2020 PCAOB Shares Audit Committee Insights Last month, in an effort to improve audit quality and provide transparency into the inspections process, the Public Company Accounting Oversight Board (PCAOB) released a report drawing on conversations with nearly 400 audit committee chairs. On Jan. 2, 2020, Protiviti published a flash report highlighting key points in the PCAOB’s report, along with commentary. Here are some top-level insights… Blog January 9, 2020 LIBOR Transition: Preventing History From Repeating Itself The London Interbank Offer Rate, or LIBOR, which according to the New York Times is the “one number that arguably matters more than any other” in the world of finance, will no longer be the primary benchmark rate used by the financial services industry as of year-end 2021. In the 35 years since the financial markets began using LIBOR, firms across the financial services industry, including… Blog January 14, 2020 A Rise in Collaboration Between Internal Audit and IT Is a Welcome Trend In mid-October, Protiviti and ISACA released the 2019 Global IT Audit Benchmarking Study, for which we surveyed more than 2,200 internal audit (IA) executives and professionals around the world. We summarized the key findings of the survey in this post, and we discussed them at greater length during a recent webinar. In this post, I want to elaborate on one specific finding, which made the top… Blog January 15, 2020 RPA Deployments Remain Untapped Opportunities for Oil and Gas Companies Energy and utilities businesses, like many companies, can benefit from using robotic process automation (RPA) to drive efficiencies, boost speed to market and bolster financial performance. However, many of these firms — and oil and gas companies, in particular — have been slow to invest in RPA projects. While they are applying new technology and automation in the field, doing the same in back-… Blog January 15, 2020 BlackRock’s Larry Fink Draws Another Line in the Sand – The Message Is Getting Clearer On Jaunary 14, BlackRock’s Chairman and CEO Larry Fink issued his annual letter to public company chief executives. BlackRock is a global investment management company, the world's largest, with almost $7 trillion in assets under management as of September 2019. This year’s letter conveys several important messages that are worth noting by those responsible for corporate strategy setting, policy… Blog January 16, 2020 Next-Gen Internal Audit: What Do We Mean When We Talk About Agile Audit? As businesses focus on digital transformation for speed and service, they tend to put more emphasis on individuals and interactions than processes and tools. In the process, rigid hierarchical business processes are being replaced with collaboration, iterative processes and constant communication across the enterprise. These new methodologies are borrowed from software development, where they… Blog January 17, 2020 Make ESG Part of the Public Company Readiness Checklist — Your Valuation Could Depend on It The public company readiness checklist for any business working toward an initial public offering (IPO) is long and complicated. And now, there are signs in the marketplace that for many companies aiming for an IPO, this checklist may need to include an analysis of environmental, social and governance (ESG) performance and reporting. Demonstrating meaningful effort and progress with ESG issues… Load More
