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 Financial Accounting Standards Board’s (FASB’s) new revenue recognition standard. It’s an important resource for preparers and auditors, because it explains 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 technology officers must manage this shift under mounting regulatory pressure and growing concerns about data security and privacy, while simultaneously managing complex and aging […]
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 of a global digital transformation. Robotic process automation (RPA) and robotic desktop automation (RDA) use software for tasks such as processing sales and […]
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 present themselves. Either way, that’s a lot to lay on a technology trend that only 13 percent of […]
SOX Compliance – Unpacking the Results From Our Survey
Organizations spent significantly more time and money on Sarbanes-Oxley (SOX) compliance in 2015 than in the previous year – costs hovered at just over $1 million on average. Good news is, the majority of respondents to Protiviti’s 2016 SOX Compliance Survey say they are leveraging these investments to improve internal control over financial reporting and […]
Agile Risk Management: A New, More Confident Approach for Financial Services Firms
In a fast-changing regulatory and business environment, agility is key. The ability to react quickly to new regulations, adapt old products or launch new ones in new markets, and enhance customer satisfaction with new technologies is essential for organizations to move forward with confidence. In the wake of the global financial crisis, financial services organizations […]
