As internal audit practitioners seek to evolve and transform their functions, to keep pace with the transformation occurring within their organizations, internal auditors are increasingly assessing and consulting on a...
Archive - March 2018
Focus on Culture: How Culture Assessments Can Support the Audit Committee’s Agenda
In an earlier post, I discussed corporate culture as one of the items Protiviti recommends audit committees focus on as they shape their agendas for 2018. I want to follow up with some suggestions on how organizations...
Simplifying the Modeling Challenges in PPNR
As a crucial part of capital planning, Pre-Provision Net Revenue (PPNR) modeling has been under the spotlight for careful review and scrutiny from the Federal Reserve Board (FRB) since 2012 for the annual Comprehensive...
2018 Audit Committee Agenda Continued: Corporate Culture
Internal auditors often talk about the “tone at the top” — the idea that corporate culture begins with the example set by senior management. But while conduct at the top is where it all starts, it does not end there. An...
It Is Time to Bring Order to the M&D Lease Universe
Public company accounting departments closing the books on 2017 may find it difficult to take a breath. Fresh from filing their 10-K and finalizing their preparation for the FASB’s new revenue recognition standard (ASC...
SEC on Cyber Risk Assessments: Show Us the Cost of Your Loss
Last week, an important Securities and Exchange Commission (SEC) Interpretive Guidance, which we analyzed in a Protiviti Flash Report, set the bar for corporate cybersecurity risk assessments. One particular aspect of...
Market Volatility: Is Your IPO Ready to Go?
January 2018 set a record for initial public offerings (IPOs), with 17 companies raising almost $8 billion, surpassing the record of January 2014, when 12 IPOs raised $5.3 billion. That pace slowed considerably in...
Disruptive Innovation Front and Center for Manufacturers and Distributors in 2018, According to Survey
Digitalization has been called the fourth industrial revolution. New business models are emerging to keep up with the rapid pace of change, and not surprisingly, they are being met with some predictable internal...
Analytics in Auditing Is a Game Changer – New Protiviti Survey Released
Organizations worldwide are undertaking business and digital transformation initiatives, enabling changes that will have far-reaching effects on every enterprise function. Not surprisingly, the ability to utilize data...
Check Your Blind Spot: GDPR Poses Veiled Risks for M&D Companies
Executives that participated in Protiviti’s latest annual top risks survey, conducted with North Carolina State University ERM Initiative, ranked regulatory changes and scrutiny as a top-five risk in 2018. That’s hardly...