New Protiviti SOX Compliance Research: Tech Adoption and Cost Focus Amid Business Changes, Cyber and ESG Mandates
“Next-generation” SOX compliance programs are prioritizing automation and technology enablement, alternative resourcing models, and standardized controls across locations. As noted in Protiviti’s annual Sarbanes-Oxley Compliance Survey, the aforementioned areas to prioritize are some of the ways SOX is evolving after having been in effect for more than two decades. Consider the possibilities — Few board […]
New Internal Auditing Around the World Book Provides Insight Into What It Means — and What It Takes — to Be a Relevant Function
What are the hallmarks of a “relevant” internal audit function? And how can chief audit executives (CAEs) know that the business views their team as both insightful and value-adding? The profiles of leading internal audit organizations featured in Protiviti’s latest edition of Internal Auditing Around the World® help to answer these questions. They also underscore just […]
Adoption of European Sustainability Reporting Standards Starts the Clock for Preparation
The big picture: On 31 July 2023, the European Commission adopted the European Sustainability Reporting Standards (ESRS), which support the Corporate Sustainability Reporting Directive (CSRD) with specific reporting guidelines for covered companies. A key point: The ESRS are mandatory. They align with existing voluntary sustainability reporting frameworks from the International Sustainability Standards Board (ISSB) and […]
Unleash the Power of Sustainable Sourcing in Supply Chains
Sustainability often starts in the supply chain. Without an effective sustainability program within the sourcing and procurement and supply chain functions, the rest of the environmental, social and corporate governance (ESG) footprint can quickly disintegrate. Why it matters: To maintain competitiveness, organizations must build a diversified and resilient supply base that embeds sustainability into business […]
Flash Report — SEC Cybersecurity Disclosure Enhancements: Efforts to Boost Investor Confidence
The big picture: On July 26, 2023, the SEC adopted amendments to its rules on cybersecurity risk management, strategy, governance and incident reporting by public companies subject to the reporting requirements of the Securities Exchange Act of 1934. Why it matters: The SEC’s view is that cybersecurity threats and incidents pose an ongoing risk to […]
Women in Energy Podcast: What Keeps Energy Leaders Up at Night?
What’s new: We recently participated in a podcast with the Women’s Energy Network (WEN). Why it matters: This lively discussion covered many topics, including: Market trends Key risks Innovation Importance of being agile The bottom line: Much of our conversation focused on what’s on energy leaders’ minds, including findings from Protiviti’s top risks survey. Listen […]
