Flash Report — NIST Releases Version 2.0 of Its Cybersecurity Framework (CSF): What This Means for Your Organization
What you should know: On February 26, 2024, The National Institute of Standards and Technology (NIST) released version 2.0 of its updated and widely used Cybersecurity Framework (CSF). NIST CSF 2.0 expands to include governance and supply chains, offering comprehensive cybersecurity guidance for all organizations. Why it matters: The update is important for organizations of […]
Integrated Business Planning: Navigating Volatility, Creating Resiliency
The big picture: Challenging market conditions and volatility are driving the need for organizations to have greater resiliency, agility and flexibility to maximize profit while reducing risk. Between the lines: FP&A, profitability, reporting and analysis, strategic planning, enhanced data analytics and process improvement are top areas where CFOs are seeking to improve capabilities, according to […]
From Conformance to Performance — Understanding the Global Internal Audit Standards (Part 3 of 3)
The Institute of Internal Auditors (IIA) final updated Global Internal Audit Standards provide the opportunity for transformative change. Why it matters: The update requires the internal audit (IA) function to have a strategic plan aligned with the organization’s strategy and defined performance objectives. Why start now: Defining the IA strategy and performance objectives will require […]
CFOs Say Talent, Economic Concerns and Cyber Threats Are Top Risks
The top concern for CFOs this year is talent management, according to a survey by Protiviti and NC State University’s ERM Initiative. By the numbers: Not only do talent and succession challenges represent finance leaders’ most pressing risk concern this year, but also, four of their top 10 risks for 2024 relate to people management […]
Pursuing Modern Digital Product Management — and Why It Matters to Your Organization’s Digital Acceleration
The big picture: The role of product management in a digital context has significantly matured, giving rise to an exciting and complex discipline known as digital product management. We have identified 12 key elements that differentiate the modern approach and discipline from traditional digital product development. Why it matters: Businesses can enhance their customer-centricity, agility, […]
Focusing on Impact Areas — Understanding the Global Internal Audit Standards Updates (Part 2 of 3)
The final updated Global Internal Audit Standards require substantive changes within the IA function and stakeholder relationships to remain in conformance and elevate the profession. What you need to know: Increased collaboration among the CAE, the board and senior management is required for the governance of the IA function. Key takeaway: IA needs to work […]
