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Collaborating with internal audit to minimize cost overruns and maximize value Data analytics has proven to create significant benefits across most industries and organizational functions, including internal audit. In fact, nearly two-thirds of internal audit functions now use data analytics as part...

To get past those limitations, companies need people at every level of the organization who understand the digital economy, even if they themselves don’t possess every competency it demands. Having a small “digital team” doing “digital things” in a sea of traditionalist...

According to the findings from Protiviti’s 2020 Next Generation Internal Audit Survey, chief audit executives (CAEs) and internal audit leaders report their next-generation competency levels in three vital areas – governance, methodology and enabling technology – to be remarkably low. There is...

Organizations of varying sizes and across industries have implemented Enterprise Risk Management (ERM) programs that aim to provide management and the Board of Directors with information on risks and opportunities that may influence decision-making and business performance. In the current COVID-19 ...

For several years, SkX Protiviti has described the “future auditor” as a chief audit executive (CAE) who takes definitive steps toward making The Institute of Internal Auditors’ vision of “an independent, objective assurance and consulting activity that adds value and improves an organizatio...

BRINGING DISRUPTIVE THINKING TO CRISIS MANAGEMENT Navigating uncertainty with disruptive thinking. By any measure, we are currently living in extraordinary times. Extreme disruption and uncertainty are the new norm. Government policies and guidelines are changing by the hour. In times of stress, org...

Impact on Financial Statements...