Powerful Insights

Powerful Insights

Protiviti, a global consulting firm, presents Powerful Insights. This podcast features leaders and subject-matter experts from around the world offering insights on key issues facing organizations in our dynamic, challenging and competitive global business climate.

Episodes

December 7, 2023 44 mins
Protiviti and NC State University's ERM Initiative have conducted the 12th annual Executive Perspectives on Top Risk Survey, in which we poll board members and C-suite executives from around the world on the risks they see as most significant for their organizations over the next 12 months and the next 10 years. For this year’s survey, we asked executives to peer into 2024 as well as a decade later, into 2034, and identify the most...
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As of August 25, 2023, large technology companies providing hosting services, online platforms and search engines, are required to put processes in place to be notified of illegal content and to act on notifications under the European Union’s Digital Services Act (DSA). Tech firms that do not meet a 45-million-user threshold have to comply with many of the DSA’s provisions beginning February 2024.
Those smaller companies, along with...
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The volume of CFO priorities has increased for years. In the past 12 months, the intensity of these urgencies also spiked, forcing finance leaders to make higher-stakes decisions more quickly and implement major adjustments with far-reaching implications.
Results from the latest Global Finance Trends Survey conducted by Protiviti show that CFOs recognize the volume and magnitude of the challenges bearing down on them and their finan...
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The results from this year's Global Technology Audit Risks Survey, conducted by Protiviti and The Institute of Internal Auditors, reveal a complex and multifaceted landscape of technology risks. Cybersecurity is the top priority and by a wide margin. AI is an emerging risk with gaps in organizational preparedness and audit proficiency. The talent gap in IT is a growing concern and data privacy is a growing regulatory challenge.
Prot...
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In this episode, we discuss digital maturity in finance. Or more specifically, how more finance organizations are employing ERP systems, moving to cloud-based systems, transitioning more to analytics, and with that, understanding the talent management and risk management needs that are required with these major changes.
Sharing their insights on these issues are two Protiviti experts, Chelsea Black and Kizzy Gift.
Kizzy is a Director...
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In this episode, we dive into SOX compliance – specifically, the findings of and key takeaways from Protiviti’s latest Sarbanes-Oxley Compliance Survey. The results of our research are featured in our just-released report, The Evolution of SOX: Tech Adoption and Cost Focus Amid Business Changes, Cyber and ESG Mandates.
Offering their insights and perspectives are Protiviti Managing Directors Andrew Struthers-Kennedy and Angelo Pouli...
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In June, nearly two years after issuing their proposal for third-party risk management (TPRM), the U.S. banking regulators – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation – finalized their guidance.
In this podcast, Brian Kostek from Protiviti interviews Kathryn Hardman from Veritex Bank and Helen Smith from First Citizens Bank abou...
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ChatGPT is the talk of the town today. But as we all know, generative AI is much more than this one tool. Gen AI represents a new frontier of promise, productivity and capabilities for organizations around the world. But it also comes with risks that these organizations must understand and manage if they’re going to capitalize successfully on these new technologies.
In this episode, we talk all things gen AI with Protiviti Managing...
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In the wake of a world-changing pandemic and amid current uncertainties in the global economy, organizations have made, and are making, some significant adjustments in their operations. For most, the procurement function is at or near the top of the list. These changes are critical for procurement leaders to navigate and manage as global supply challenges become more complex and organizations continue to grapple with technology, ta...
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Well, it looks like a recession is coming. Or maybe it's not. Or maybe it is. It seems like it's been a long wait for the other economic shoe to drop. And in the meantime, many questions are arising around managing costs in organizations.
CFOs and finance leaders continue to have a lot of questions, and get even more from their internal stakeholders and customers, about projections, cost management, supply chains and more. This is e...
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As manufacturing organizations assess new ways to innovate and transform their operations, one area they continue to explore is the development of agile factories. In this episode, we talk with Protiviti Managing Directors Sharon Lindstrom, David Petrucci and Robert Giacobbe. Together, they explore the concept of agile factories and the importance of building flexibility and adaptability in the manufacturing sector.
The conversation...
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Top-performing internal audit groups share similar traits: They focus more on streamlined, tailored, impactful communications and reporting. They evolve and adapt routinely, and they push themselves to find and build talent and resources from both within and outside their organizations. But guess what? Fewer than six in 10 internal audit functions have access to the talent they need across any of the 12 Next-Generation Internal Aud...
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One of the most significant decisions a CFO faces is selecting the right technology or tool to help them run the finance organization and deliver expected results and value for the business. But technology selection is only the first step. There also is implementation, a just as important stage that can make or break the success of the technology and its effectiveness in the eyes of stakeholders throughout the organization.

In thi...
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Over the past year, as one crypto organization after another has been beset by fraud or declared bankruptcy, countless headlines have surfaced warning of the death of the crypto industry. Yet the damage has been largely contained.

The developments have raised many questions about digital assets, cryptocurrency and blockchain technology as well as regulation and other factors that may help the industry evolve toward a sustainable bu...
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The level of uncertainty in today’s global marketplace and the velocity of change continue to produce an array of potential risks that can disrupt an organization’s business model and strategic plan on very short notice. The results of the latest Top Risks Survey from NC State University’s ERM Initiative and Protiviti indicate the business landscape, to no surprise, looks much riskier for 2023 compared with this time last year. In ...
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The greatest IT audit concerns lie with cybersecurity-related breaches and related risk issues. Data governance and data integrity are being scrutinized. Regulatory compliance burdens and risk are increasing rapidly.

These are among the key takeaways from the results of the latest IT Audit Technology Risks Survey from ISACA and Protiviti, in which more than 7,500 IT audit leaders and professionals from around the world participat...
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Innovation, transformation and the introduction of more advanced technologies are on the agendas of most groups in an organization today. The same certainly holds true for internal audit functions – but perhaps not at the same levels of engagement as departments such as finance and IT. In fact, the results of the latest Next-Generation Internal Audit Survey from Protiviti show that overall maturity levels for enabling technologies ...
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Organizations are investing an average of 41% of their SOX internal costs for outsourced resources, compared with 37% last year.

In this podcast, Protiviti Managing Directors Clint McPherson and Seth Schrank discuss opportunities to pursue procedural and structural changes in SOX compliance programs, most notably through the use of third-party delivery centers to handle the highly defined and repeatable controls testing work that do...
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“It's the end of the work as we know it, and I feel fine.”

Our colleague Joe Kornik, Editor-in-Chief of VISION by Protiviti (http://vision.protiviti.com), wrote this in his latest feature article. This is true, but there also are many questions around the future of work, how we're going to balance work schedules, when and how frequently we’ll go into the office, how we’ll leverage new and emerging technologies, and much more.

In thi...
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The past two years have seen unprecedented levels of innovation and transformation among organizations worldwide. Many organizations are operating in a significantly different manner than they did just a few years ago — focused on resilience, data access and governance, predictive analytics, enabling technologies, and more. Innovation and transformation, in fact, are now mainstays in ensuring businesses stay relevant and competitiv...
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