Last month, in an effort to improve audit quality and provide transparency into the inspections process, the Public Company Accounting Oversight Board (PCAOB) released a report drawing on conversations with nearly 400 audit committee chairs. On Jan...
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Getting Ready for the Threat of Cyber Warfare
The following is excerpted from a Protiviti Flash Report issued on January 7, 2020. (link) On January 4, 2020, the Department of Homeland Security (DHS) issued a National Terrorism Advisory System (NTAS) bulletin describing current developments and...
RPA Offers a Fast and Cost-Effective Way to Automate Account Reconciliations
Seventy-three percent of chief financial officers are looking to new technologies as ways to streamline processes and add value to their organizations, according to Protiviti’s 2019 Finance Trends survey. There are many off-the-shelf solutions that...
Artificial Intelligence and Internal Audit: A Pragmatic Perspective
Companies have high hopes for transformational technologies, especially those that leverage the vast amount of data being collected. Approaches using methods such as artificial intelligence (AI), machine learning (ML) and deep learning are becoming...
CECL and the New AICPA Practice Aid: What Audit Committee Members Need to Know (Part 1)
With the deadline around the corner for large companies to adopt the new accounting standards on current expected credit losses (CECL), the AICPA has published a Practice Aid to help management, internal auditors and audit committees prepare. The...
Winning the Finance Talent War: Five Strategies
Recruiting and retaining the right resources in the finance function has never been more critical due to accelerating adoption of new technologies and complying with a growing list of regulations. But a finance labor shortage often stands in the way...
