With global banking regulation consistently ranking as a top concern for financial service industry executives and directors, Protiviti has launched Compliance Insights, a monthly advisory newsletter designed to provide...
Archive - August 2016
Blockchain Unchained: Bitcoin Was Just the Beginning
These days, it seems that everyone in the financial services industry is talking about distributed consensus ledger (DCL) technology, commonly known as blockchain. The real-time transaction and settlement technology is...
Strategic Risks: How Can CAEs Up Their Game?
The latest Common Body of Knowledge (CBOK) survey of internal audit stakeholders reports 7 out of 10 stakeholders want audit leaders to focus on strategic risks, as well as operational, compliance and financial risks...
Sourcing SOX Compliance Costs: Fewer Controls, More Scrutiny
In a recent post recapping our webinar on rising SOX compliance costs, we cited increased external auditor scrutiny of “information produced by entity” (IPE), or electronic audit evidence, as contributing significantly...
From New York to Hong Kong: The Need for a Global AML Program
Money launderers don’t recognize geographical boundaries and, while they often seek to launder money in those jurisdictions with the weakest regulatory environment, they are also attracted to major markets, which can...
Internal Audit Around the World: Collaboration, Technology and the Female CAE
Technology is creating new areas of risk for businesses, requiring a collaborative mindset and strong relationships to manage risk effectively. At the same time, technology is creating new opportunities to improve how...
AICPA Issues Audit Risk Alert on Revenue Recognition, With More Guidance to Come
The American Institute of Certified Public Accountants (AICPA) recently issued an Audit Risk Alert on Revenue Recognition – an early and significant entry in what will be a growing body of guidance concerning the...
Cloud Adoption: Putting the Cloud at the Heart of Business and IT Strategy
Cloud computing is on the rise as businesses respond to rapidly evolving consumer behaviors, changing business models, and the opportunities and risks brought by new market entrants. Chief information officers and chief...
From Factory Workhorse to Factotum, Robotic Automation Is Evolving to Serve the Head Office
Introduced in the 1960s to perform simple manufacturing tasks, robotic automation has evolved into a jack-of-all-trades, moving into the head office to streamline and accelerate a variety of business processes as part...
Internal Audit and the Internet of Things
Depending on whom you ask, the business disruptor known as the Internet of Things (IoT) is either the launch pad for an indispensable digital future, or a Pandora’s box of unfathomable risks that have only begun to...