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  • Blog
    February 28, 2022
    “No Fraud Here?” Look Again, Says New Survey From Protiviti and Utica College
    Nobody wants to believe that their company is losing significant revenue to fraud. And, understandably, organizations don’t want to spend scarce resources managing risks they don’t consider legitimate. With regulators and prosecutors increasingly holding executives accountable for fraud prevention, however, there’s a strong incentive to replace the old refrain of “no fraud here” with the more…
  • Blog
    July 26, 2016
    Real-World Risk Rigors Require Effective Challenge
    Man plans, God laughs, according to the Yiddish proverb. Bank regulators, not so much – at least not when it comes to risk management, which continues to be an ever-moving target for financial institutions. Providing stakeholders with assurance that the risk control frameworks financial institutions have adopted will hold fast in an actual emergency is an ongoing challenge, and banks test their…
  • Blog
    July 29, 2016
    From Pandemics to Drones to Planning for Resource Scarcity: Protiviti Scans the Emerging Risks Landscape in the Latest Edition of PreView
    As the world turns its eyes to the Olympics in Rio de Janeiro, athletes and visitors alike are being warned to take precautions against the Zika virus – a flu-like strain that comes with the added risk of crippling birth defects. The situation is so serious that health authorities are urging women in South America to avoid becoming pregnant for a year or more – a demographic anomaly with far-…
  • Blog
    August 5, 2016
    Agile Risk Management: A New, More Confident Approach for Financial Services Firms
    In a fast-changing regulatory and business environment, agility is key. The ability to react quickly to new regulations, adapt old products or launch new ones in new markets, and enhance customer satisfaction with new technologies is essential for organizations to move forward with confidence. In the wake of the global financial crisis, financial services organizations invested heavily in risk…
  • Blog
    August 8, 2016
    SOX Compliance – Unpacking the Results From Our Survey
    Organizations spent significantly more time and money on Sarbanes-Oxley (SOX) compliance in 2015 than in the previous year – costs hovered at just over $1 million on average. Good news is, the majority of respondents to Protiviti’s 2016 SOX Compliance Survey say they are leveraging these investments to improve internal control over financial reporting and drive continuous improvement of business…
  • Blog
    August 10, 2016
    Internal Audit and the Internet of Things
    Depending on whom you ask, the business disruptor known as the Internet of Things (IoT) is either the launch pad for an indispensable digital future, or a Pandora’s box of unfathomable risks that have only begun to present themselves. Either way, that’s a lot to lay on a technology trend that only 13 percent of consumers had even heard of, as recently as 2014. As with most disruptive change that…
  • Blog
    August 12, 2016
    From Factory Workhorse to Factotum, Robotic Automation Is Evolving to Serve the Head Office
    Introduced in the 1960s to perform simple manufacturing tasks, robotic automation has evolved into a jack-of-all-trades, moving into the head office to streamline and accelerate a variety of business processes as part of a global digital transformation. Robotic process automation (RPA) and robotic desktop automation (RDA) use software for tasks such as processing sales and financial transactions…
  • Blog
    August 16, 2016
    Cloud Adoption: Putting the Cloud at the Heart of Business and IT Strategy
    Cloud computing is on the rise as businesses respond to rapidly evolving consumer behaviors, changing business models, and the opportunities and risks brought by new market entrants. Chief information officers and chief technology officers must manage this shift under mounting regulatory pressure and growing concerns about data security and privacy, while simultaneously managing complex and…
  • Blog
    August 18, 2016
    AICPA Issues Audit Risk Alert on Revenue Recognition, With More Guidance to Come
    The American Institute of Certified Public Accountants (AICPA) recently issued an Audit Risk Alert on Revenue Recognition – an early and significant entry in what will be a growing body of guidance concerning the Financial Accounting Standards Board’s (FASB’s) new revenue recognition standard. It’s an important resource for preparers and auditors, because it explains the new revenue recognition…
  • Blog
    August 19, 2016
    Internal Audit Around the World: Collaboration, Technology and the Female CAE
    Technology is creating new areas of risk for businesses, requiring a collaborative mindset and strong relationships to manage risk effectively. At the same time, technology is creating new opportunities to improve how internal auditors manage risk – opportunities that come with the same requirements of collaboration and relationship-building. These changes to the internal audit landscape are…
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