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  • Blog
    December 11, 2017
    Avoiding “IoT Inertia” in the Oil and Gas Sector Requires an IoT Strategy
    To understand how the practical application of Internet of Things (IoT) technologies can potentially transform traditional operations and create value for businesses, just look to the oil and gas sector. Digitalization of oil fields began in the industry years ago. And now that sensors are more affordable, even small and midsize companies have the ability to track, in real time, data generated…
  • Blog
    December 13, 2017
    2017 VRM Study: De-Risking Amid Cybersecurity Concerns
    Four years into a regulatory push to improve vendor risk management, organizations across industries are getting smarter about who they work with and how they are working with them. The rate of improvement, however, may not be fast enough to keep up with the accelerating challenges of the external risk and regulatory environment, according to the 2017 Vendor Risk Management Benchmark Study from…
  • Blog
    December 14, 2017
    Beyond Cost Savings: Driving Long-Term Value With Supplier Relationship Management
    Certain supplier relationships can be restraining – a supplier with whom negotiations are challenging and the ability to leverage volume or spend is limited, for example. Then, the question is “Without traditional leverage or any apparent substitute suppliers, how can procurement continue to drive value for the organization?” In many cases, the answer is to focus on longer-term supplier…
  • Blog
    December 15, 2017
    Setting the Audit Committee Agenda for 2018
    With new accounting standards, audit quality pressures from the Public Company Accounting Oversight Board (PCAOB) and uncertainty in the business and regulatory environment, many audit committee members I talk to say they feel tasked to the limit. This is not new. Stretched audit committees is a common phenomenon, and has been for years. When planning the agenda for the upcoming year, it’s easy…
  • Blog
    December 19, 2017
    Can Digital Mortgages Connect You to Millennials? Find Out in the Latest Compliance Insights Podcast
    Digital mortgages, clarifications on Russian sanctions under CAATSA, and more guidance on the new FASB lease accounting standard are the topics in the December issue of Compliance Insights. Listen to our podcast below for a discussion of two of these topics by Protiviti Managing Directors Steven Stachowicz and Rob Gould, and download the full issue to peruse all stories at length. [audio mp3="…
  • Blog
    January 17, 2017
    Managing Your Organization’s Culture During Rapid Growth
    Early in December 2016, I had the pleasure of leading an in-depth webinar exploring how fast-growing companies can prepare for challenges related to changes in their culture and talent requirements, particularly when ramping up for an IPO or following one. I was joined by Carmela Krantz, Vice President of Human Resource at WideOrbit; Danielle Soucek, Director of Insight Product at Equilar; and…
  • Blog
    January 20, 2017
    Considerations for SOC 2 Readiness
    As more organizations trade in-house IT applications, systems and related processes for third-party services to enhance capabilities, simplify operations and lower costs, it is critical to demonstrate that data and systems are well-controlled, regardless of where the data resides. While the COSO Internal Control – Integrated Framework clearly states that management is responsible for the design…
  • Blog
    January 24, 2017
    IT Innovation, Part 2: Maximizing the Value of Security Investments
    As my colleague Ed Page indicated in his January 11 post, digital transformation represents one of the biggest innovation opportunities of the 21st century, and failure to respond quickly to innovation opportunities is one of the biggest risks faced by any business today. A recent Protiviti white paper, Catching the Digital Wave of Change, points out that no industry is isolated from the…
  • Blog
    January 26, 2017
    Bank Charters for Fintech Companies Top January Compliance News
    In December 2016, the Office of the Comptroller of the Currency (OCC), which oversees many of the largest banks in the country, released its plans to consider granting special-purpose national bank charters to a broad range of financial technology (fintech) companies, who are engaged in providing technology-driven financial products and services to consumers and small businesses. The idea is not…
  • Blog
    January 26, 2017
    2016 Vendor Risk Management Benchmark Study Results Released
    Protiviti and the Shared Assessments Program recently released the results of our jointly conducted 2016 Vendor Risk Management Benchmark Study. This is the third year that Shared Assessments and Protiviti have partnered on this research, which is based on the comprehensive Vendor Risk Management Maturity Model (VRMMM) developed by the Shared Assessments Program. At right, you'll find…
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