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...
Archive - February 2024
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:...
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...
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...
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...
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...
EU Extends Certain CSRD Adoption Timelines for Sector-Specific Standards and Non-EU Companies – But Read Between the Lines
What happened – The European Parliament and the European Council have reached agreement on a proposal to delay certain adoption timelines of the Corporate Sustainability Reporting Directive (CSRD). The provisional...
Engaging Internal Audit Stakeholders to Build the Base for Adoption — Understanding the Global Internal Audit Standards (Part 1 of 3)
The final updated Global Internal Audit Standards become effective January 9, 2025. Why it matters: The update established an emphasis on quality, clarifies responsibilities, provides further guidance, and enhances the...
ESG Data Management and Reporting Are the CFO’s Responsibility — Period
In a global survey of CFOs and finance leaders conducted by Protiviti, ESG metrics and measurement stand out as the highest priority for the finance organization to address over the next 12 months. Make no mistake: The...