“The Art of the Possible”—Can Finance Functions Meet the Demands of Their Customers? Listen to the Podcast.
For CFOs and other finance executives, supporting strategic initiatives now runs side by side with their traditional operational concerns and obligations. Fulfilling this expanded role requires more digital capabilities, more attention to the demands of internal customers for precision and timelines of financial data, more agility in resourcing. Add finance data security to the mix […]
Internal Auditing Around the World, Volume 15: Dawn of the Audit Bots
As companies transform into next-generation competitors, internal audit (IA) functions are working on their next-gen game as well. Protiviti’s latest edition of Internal Auditing Around the World, Volume 15, looks at ways IA departments around the world are reinventing themselves, using aligned governance, more agile methodologies and new enabling technologies to become more efficient, more […]
New Finance Trends Survey by Protiviti Reveals a Strategic Shift in CFO Priorities
Protiviti’s latest Finance Trends Survey, released yesterday, reveals the continuation of a significant shift in the priorities and activities of chief financial officers (CFOs) and senior finance executives. Over 70% of CFOs and vice presidents of finance view “strategic planning” as one of the highest priority areas in which they want to improve their knowledge […]
It’s Time for a Closer Look at Consumer Loan Monitoring: Here Are Some Best Practices
With aggregate household debt climbing the last 24 consecutive quarters to a record $13.5 trillion and the increasing likelihood of a softening economy, financial institutions should reassess the risk management practices in place for consumer lending. Additionally, with the impending deadline for implementation of the current expected credit loss standard (CECL), a closer look at […]
Technology-Enabled SOX Compliance: Continuing the Discussion
As companies adopt technology to transform operations and compete in an era of big data and “thinking” machines, or AI, internal auditors are looking for ways to achieve the same kind of transformation, especially when it comes to the expensive and time-consuming tests and reporting required by the Sarbanes-Oxley Act (SOX). Protiviti’s 2019 SOX survey […]
SOX 2019: Keeping Compliance Costs in Check
Sarbanes-Oxley Act compliance has been a challenging 15-year process for most companies. Over the past 15 years, SOX teams have had to navigate a constantly changing landscape of regulatory pronouncements, enforcement and accounting practices. Adapting to these changes has proven to be costly and time-consuming, and although 2019 SOX survey data shows that companies have […]
