Security, Data Analytics, Smart Leadership – the Trifecta in Consumer Products and Services
Protiviti and North Carolina State University’s ERM Initiative teamed at the end of last year to survey directors and executives across a wide spectrum of industries for our fourth annual Executive Perspectives on Top Risks report. We are drilling down, over a series of blog posts, to provide insight into these executive perspectives within key industries […]
Technology Leaders Worry That Their Companies May Be Too Resistant to Change
Protiviti and North Carolina State University’s ERM Initiative teamed at the end of last year to survey directors and executives across a wide spectrum of industries for our fourth annual Executive Perspectives on Top Risks report. We are drilling down, over a series of blog posts, to provide insight into these executive perspectives within key industries […]
SOX Costs Are Rising But So Are the Benefits
SOX costs are rising but so are the benefits for companies. Improved control structures, ability to address emerging risks and enhanced business and IT processes are some of the upsides. Listen to Brian Christensen, Protiviti’s global leader of Internal Audit, address these benefits, as well as cost reducing opportunities around SOX. Was this post helpful […]
COSO Unveils New ERM Framework
Editor’s Note: This week, COSO released for comment the much-anticipated update to its ERM Framework. I asked Bob Hirth, Chairman of COSO, if he would share his thoughts with us on the new framework. Bob graciously agreed. — Jim After 18 months of hard and focused work with our advisory council and official observers, COSO […]
AML Lookbacks: Top 10 Lessons Learned
Regulators may require a financial institution to perform a transaction review of historical activity, often referred to as a “lookback,” when they determine that the financial institution does not have an adequate transaction monitoring program and/or has not evidenced sound decision making in determining whether transactions are suspicious or not. The scope of the lookback […]
Internal Audit at Financial Institutions Is Evolving
Financial firms’ risk profiles are continually challenged by new regulatory requirements and heightened expectations from supervisors requiring firms to advance their risk management processes. At the same time, advances in technology are driving consumer demand for more mobile services, even as new entrants, the so-called fintech companies, are transforming the competitive landscape. All this means […]
