Protiviti and NC State University's ERM Initiative have conducted the 12th annual Executive Perspectives on Top Risk Survey, in which we poll board members and C-suite executives from around the world on the risks they see as most significant for their organizations over the next 12 months and the next 10 years. For this year’s survey, we asked exe…

As of August 25, 2023, large technology companies providing hosting services, online platforms and search engines, are required to put processes in place to be notified of illegal content and to act on notifications under the European Union’s Digital Services Act (DSA). Tech firms that do not meet a 45-million-user threshold have to comply with man…

The volume of CFO priorities has increased for years. In the past 12 months, the intensity of these urgencies also spiked, forcing finance leaders to make higher-stakes decisions more quickly and implement major adjustments with far-reaching implications. Results from the latest Global Finance Trends Survey conducted by Protiviti show that CFOs rec…

The results from this year's Global Technology Audit Risks Survey, conducted by Protiviti and The Institute of Internal Auditors, reveal a complex and multifaceted landscape of technology risks. Cybersecurity is the top priority and by a wide margin. AI is an emerging risk with gaps in organizational preparedness and audit proficiency. The talent g…

In this episode, we discuss digital maturity in finance. Or more specifically, how more finance organizations are employing ERP systems, moving to cloud-based systems, transitioning more to analytics, and with that, understanding the talent management and risk management needs that are required with these major changes. Sharing their insights on th…

In this episode, we dive into SOX compliance – specifically, the findings of and key takeaways from Protiviti’s latest Sarbanes-Oxley Compliance Survey. The results of our research are featured in our just-released report, The Evolution of SOX: Tech Adoption and Cost Focus Amid Business Changes, Cyber and ESG Mandates. Offering their insights and p…

In June, nearly two years after issuing their proposal for third-party risk management (TPRM), the U.S. banking regulators – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation – finalized their guidance. In this podcast, Brian Kostek from Protiviti interv…

ChatGPT is the talk of the town today. But as we all know, generative AI is much more than this one tool. Gen AI represents a new frontier of promise, productivity and capabilities for organizations around the world. But it also comes with risks that these organizations must understand and manage if they’re going to capitalize successfully on these…

In the wake of a world-changing pandemic and amid current uncertainties in the global economy, organizations have made, and are making, some significant adjustments in their operations. For most, the procurement function is at or near the top of the list. These changes are critical for procurement leaders to navigate and manage as global supply cha…

Well, it looks like a recession is coming. Or maybe it's not. Or maybe it is. It seems like it's been a long wait for the other economic shoe to drop. And in the meantime, many questions are arising around managing costs in organizations. CFOs and finance leaders continue to have a lot of questions, and get even more from their internal stakeholder…

As manufacturing organizations assess new ways to innovate and transform their operations, one area they continue to explore is the development of agile factories. In this episode, we talk with Protiviti Managing Directors Sharon Lindstrom, David Petrucci and Robert Giacobbe. Together, they explore the concept of agile factories and the importance …

Top-performing internal audit groups share similar traits: They focus more on streamlined, tailored, impactful communications and reporting. They evolve and adapt routinely, and they push themselves to find and build talent and resources from both within and outside their organizations. But guess what? Fewer than six in 10 internal audit functions …

One of the most significant decisions a CFO faces is selecting the right technology or tool to help them run the finance organization and deliver expected results and value for the business. But technology selection is only the first step. There also is implementation, a just as important stage that can make or break the success of the technology a…

Over the past year, as one crypto organization after another has been beset by fraud or declared bankruptcy, countless headlines have surfaced warning of the death of the crypto industry. Yet the damage has been largely contained. The developments have raised many questions about digital assets, cryptocurrency and blockchain technology as well as r…

The level of uncertainty in today’s global marketplace and the velocity of change continue to produce an array of potential risks that can disrupt an organization’s business model and strategic plan on very short notice. The results of the latest Top Risks Survey from NC State University’s ERM Initiative and Protiviti indicate the business landscap…

The greatest IT audit concerns lie with cybersecurity-related breaches and related risk issues. Data governance and data integrity are being scrutinized. Regulatory compliance burdens and risk are increasing rapidly. These are among the key takeaways from the results of the latest IT Audit Technology Risks Survey from ISACA and Protiviti, in which …

Innovation, transformation and the introduction of more advanced technologies are on the agendas of most groups in an organization today. The same certainly holds true for internal audit functions – but perhaps not at the same levels of engagement as departments such as finance and IT. In fact, the results of the latest Next-Generation Internal Aud…

Organizations are investing an average of 41% of their SOX internal costs for outsourced resources, compared with 37% last year. In this podcast, Protiviti Managing Directors Clint McPherson and Seth Schrank discuss opportunities to pursue procedural and structural changes in SOX compliance programs, most notably through the use of third-party deli…

“It's the end of the work as we know it, and I feel fine.” Our colleague Joe Kornik, Editor-in-Chief of VISION by Protiviti (http://vision.protiviti.com), wrote this in his latest feature article. This is true, but there also are many questions around the future of work, how we're going to balance work schedules, when and how frequently we’ll go in…

The past two years have seen unprecedented levels of innovation and transformation among organizations worldwide. Many organizations are operating in a significantly different manner than they did just a few years ago — focused on resilience, data access and governance, predictive analytics, enabling technologies, and more. Innovation and transform…

Ongoing challenges triggered by a once-in-a-century airborne pandemic continue to unfold, reminding executives that the seemingly countless uncertainties in the market have triggered an overwhelming landscape of ever-changing risks they must manage. Staying abreast of emerging risk issues and opportunities is becoming increasingly difficult. Consid…

In this episode, Jackie Sanz, Managing Director leading Protiviti’s Canadian Risk and Compliance solution, interviews Vlad Tasevski, Chief Operating Officer and Head of Product at Purpose Investments, and Elliot Johnson, Chief Investment officer and Chief Operation Officer at Evolve ETFs. Jackie, Vlad and Elliot discuss the current and future state…

Cybersecurity continues to be a critical area of concern for organizations and virtually any leader you ask – board members, CIOs, CFOs, and many more. But as elevated as those risks are today, the real threat may be just around the corner, particularly concerning cryptocurrency. Crypto has been viewed as highly secure, but the rapid emergence of q…

It has been an active and often wild ride in the IPO market over the past year. After a slow period during the heart of the initial COVID-19 crisis, market activity has reignited at a blistering pace, driven by optimism in the global economy and the emergence of special purpose acquisition companies, or SPACs, among other factors. There is ample ex…

Like organizations in virtually every industry today, utilities are addressing a number of critical challenges and trends in the market, from infrastructure demands, to calls to improve the customer experience, to talent demands, and much more. How will the future for utilities evolve? In this informative podcast, Peter Tumminello and Claire Gotham…

The current and future state of suspicious activity monitoring and reporting is being transformed by technology and the use of data, analytics and robotics. In this episode, Mark Highton – Managing Director leading Protiviti’s Financial Crimes Consulting practice, interviews Vishal Ranjane – Head of Global AML Strategies, Solutions and Transformati…

The range of challenges and uncertainty triggered by the pandemic continue to rise, but one key element has elevated as imminent - the future work environment. Do you know where all your employees are working? Which policy exceptions and accommodations do you need to amend or revise once your firm adopts a new, more permanent operating model? Are y…

A global pandemic caused by a rare airborne virus that continues to affect organizations in different ways around the world. A growing number of stakeholders in organizations with whom internal audit needs to partner. Business models and a risk landscape with seemingly shorter cycle times than in years past. These challenges are among many facing C…

The most significant technology risks for 2021 reflect the new world defined by COVID-19 and its impact on business conditions and priorities. What is increasingly apparent is that more digitally mature organizations have a clear advantage. ISACA and Protiviti recently conducted a global survey of more than 7,400 IT audit and risk leaders to obtain…

It's been more than a year since a historic global pandemic changed the way companies operate in the near term, and very likely for the long term future. We can see the impact on numerous fronts, certainly including the time, costs and efforts organizations are investing in their Sarbanes-Oxley compliance activities. And for certain companies the u…

Australia's mandatory data breach notification scheme has now been in place for a few years, and there are certain takeaways we have seen on notifications. Marc Coleman from Protiviti Australia and Baker McKenzie’s Anne Petterd discuss data breaches in the context of what has been learnt from the mandatory data breach notification scheme, including…

What are the main privacy risks and issues that organisations need to be across today? That is the question tackled in this podcast. Along with this, Protiviti Australia’s Hanneke Catts and Toby Patten of Baker McKenzie discuss how these privacy risks are being approached, and look at how organisations are implementing a privacy by design approach …

The current and future state of risk analytics is bedrock to empowering the compliance function’s forward-looking agenda. As enterprise risks, analytics advancements and the regulatory landscape evolve, compliance can transform by being further data-driven and empower intelligent decision-making and risk detection. In this episode, Constantine Boya…

Protiviti CEO Joe Tarantino recently sat down for an in-depth interview with PGA Tour player Matthew Fitzpatrick, a 6-time winner internationally. The two discussed golf, the impact of the COVID-19 global pandemic on the PGA Tour, playing in the upcoming Olympics, and Matt’s relationship with Protiviti. For this interview, Joe and Matt met just bef…

As costs for risk functions continue to increase, it is crucial to plan to remove manual tasks and innovate by using both technological tools as well as an expanded skillset. In this episode of Protiviti’s Powerful Insights “Future of Compliance” podcast series, Protiviti Risk and Compliance Managing Director Vicki Alexander interviews Nishant Desa…

Managing risks and strengthening controls associated with operations have become increasingly more complex for all organizations. Firms are expending significant time, money, and resources to implement required changes and prioritize operational risk management efforts. As costs continue to increase, it is clear that the overly manual, reactive, an…

A diverse, equitable and inclusive board culture contributes to the organization’s success by positioning directors to advise the CEO and add value in evolving markets. Does your board measure up? Diversity in the boardroom encompasses all dimensions of the human experience, including education, life experience, gender, race, ethnicity, sexual orie…

Philosophies, standards and approaches around environmental, social and governance, or ESG, are among the most talked-about issues in corporate circles today, with the world’s largest companies and investors taking notable stands for the long-term betterment of society. Furthermore, ESG reporting has come into its own as a discipline, with most pub…

The continuing global challenges and potential existential threat posed by the ongoing COVID-19 pandemic. Political divisiveness and polarization. Social and economic unrest. Gridlock. Artificial intelligence (AI), automation and other rapidly developing digital technologies. Rapid shift to virtual, remote work environments. Changes in the geopolit…

Cybersecurity is a critical issue on all fronts today. It’s certainly vital for organizations large and small around the world as they battle bad cyber actors and ransomware attacks. For organizations managing areas of critical infrastructure, the threats include those related to the security of industrial control systems, or operational technology…

On our recent live global webinar, Lindsay Dart, Managing Director of Protiviti UK, and David Thomas, Vice President of Protiviti UK Managed Services, had a great chat with Protiviti brand ambassador and PGA Tour member, Matthew Fitzpatrick. Matt, a British golfer who just completed his first season on the tour, did exceptionally well qualifying fo…

It’s common for companies expanding through acquisitions to outgrow their in-house capabilities. This is often the case with legal services during acquisitions, when company management might turn to their private equity firm for due diligence and other guidance. Going forward, it’s not unusual for those companies to continue to work with the same o…

Cybersecurity is a critical issue on all fronts. It’s certainly vital for organizations large and small around the world as they battle bad cyber actors and ransomware attacks, among the many threats. And as we learn in this podcast, it affects individual consumers and citizens every day, requiring them to be ever-vigilant. In our latest episode of…

It’s time for internal audit leaders and professionals to stand up and ride their own wave of transformation and innovation. But the results of the latest Next-Generation Internal Audit survey from Protiviti show that much progress still needs to be made in growing competency levels and next-generation auditing methodologies, in advancing innovatio…

Most discussions concerning the COVID-19 global pandemic aspire to a path leading to some form of normalcy – a “new normal.” That pathway is often framed in terms of phases, with each phase leading to an equilibrium of sorts. In other words, the state of equilibrium will be defined differently with each phase. There is no roadmap for what is about …

Chief audit executives and internal audit leaders are once again focusing on Sarbanes-Oxley compliance work, which has taken on a new dynamic in the wake of the COVID-19 global pandemic. But these leaders and professionals are not the only ones immersed in this work. Chief financial officers (CFOs) and finance leaders and staff continue to perform …

The world has changed. But SOX work goes on. Organizations required to comply with the Sarbanes-Oxley Act no doubt are experiencing this sentiment firsthand in recent weeks. The COVID-19 global pandemic has caused seismic shifts in companies of all sizes. The impact worldwide has been well-documented and will continue to evolve not only for the rem…

Most discussions concerning the COVID-19 global pandemic aspire to a path leading to some form of normalcy – a “new normal.” That pathway is often framed in terms of phases, with each phase leading to an equilibrium of sorts. In other words, the state of equilibrium will be defined differently with each phase. No one really knows how this transitio…

Protiviti has produced a series of podcasts on GRC programs and technologies in which we obtained perspectives from Protiviti leaders and subject-matter experts around the world on GRC drivers, innovations and challenges in their markets. In this episode, we talked with Ivan Torres, a Director with Protiviti’s Technology Consulting group. Ivan, who…