Having had a year to digest the aftermath of the U.S. election-driven economic, global trade, regulatory and other jitters that may have skewed the global risk outlook for 2017, executive perspectives on the top risks...
Archive - December 2017
Is Servitization Manufacturing’s Future? For Many, the Answer Is Yes.
Many manufacturers see “servitization” — the process of moving from a product-centric business model to a bundled product-and-service one — as an inevitable future shift for their organization. What they often have...
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...
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...
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...
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...
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...
Disruptive Innovation Tops Boards’ and Execs’ List of 2018 Risks in New Survey by Protiviti and NC State ERM Initiative
Although board members and C-suite executives perceive a slightly less risky environment overall in 2018 compared to 2017, concerns remain. Top among them – disruptive innovation impacting existing business models...
Drastic Measures in the Oil Patch Helped Survival – But Can They Translate into a Sustainable Cost Management Program?
The oil bust, which began shortly after prices peaked at nearly $108 per barrel in June 2014, has pummeled U.S. producers. According to the U.S. Energy Information Administration, oil and gas production jobs declined 26...
Digitalization Expands Audit Scope Into New Territory
Organizations across industries are racing to migrate analog approaches to customers, products, services and operating models to an always-on, real-time and information-rich digital business model. Using technology and...