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4 Ways to Lessen the Burden of a FINRA Audit

Posted by - April 10, 2018
Take These Steps Now to Minimize Risk Later When it comes time for a FINRA audit, financial organizations can spend a significant amount of resources gathering and producing the necessary data. It can be a challenge to do this without damaging the metadata or overlooking privileged items while also ensuring you meet all…
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Audit and the Rise of Robotic Process Automation

Posted by - March 12, 2018
Risks Presented in Adopting RPA with co-author Barton Edgerton A large number of organizations are quickly moving to implement robotic process automation (RPA) across a wide variety of corporate functions, ranging from shared services to finance. Most audit departments will soon confront RPA in many processes previously controlled by humans.…
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The New Audit Report Now on the Must-Read List

Posted by - December 7, 2017
In October, the Securities and Exchange Commission (“SEC”) approved the new auditor reporting standard, proposed by the Public Company Accounting Oversight Board (“PCAOB”). While the standard was implemented to make the auditor’s report more relevant to investors, commenters are concerned that the new requirements may result in a number of…
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4 Major Audit Risk Themes for 2018

Posted by - December 4, 2017
As Audit teams start thinking about their 2018 plans, being able to identify new trends in emerging risk areas that threaten to disrupt enterprise performance over the next year is critical. This explains 12 risks, connected by four major risk themes, that organizations need to have on their radar and…
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road map

Auditors: Your Roadmap Has Arrived

Posted by - November 28, 2017
The PCAOB inspection process continues to evolve, and it is important that issuers not only prepare for the new areas of emphasis but also continue to focus on areas that the PCAOB emphasized in Staff Inspection Briefs in prior years. Here are the particular areas that PCAOB has marked for…
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The Auditor’s Role in Advancing Communications

Posted by - October 26, 2017
Part 3 in a Series Exploring the “Auditor of the Future” In this series, Protiviti’s Jim DeLoach and Brian Christensen have put forth 20 potential ways the Chief Audit Executive or internal audit lead can advance his or her relationship with the audit committee. Parts 1 and 2 focused on…
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9 Ways Auditors Deliver Tangible Value

Posted by - October 19, 2017
Part 2 in a Series Exploring the “Auditor of the Future” Part 2 of this series from Protiviti’s Jim DeLoach and Brian Christensen discusses several ways auditors can add value to the organization beyond the scope of the audit plan. with co-author Brian Christensen Read Part 1 here. Last week,…
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How Counsel Relationships Can Increase Scrutiny

Posted by - October 3, 2017
Rethinking Independence in Internal Investigations Demonstrating and ensuring independence in internal investigations is a critical issue for corporate counsel to consider, especially when facing or anticipating parallel regulatory probes. How to properly do so is a nuanced process: as this piece explores, it is not as simple as the binary…
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CIOs: 5 Big Data Operational Changes to Make Now

Posted by - September 14, 2017
Preparing Your Organization for GDPR Compliance The threat of a $24 million fine is enough to make any organization sit up and listen to what changes they must make to adhere to new European Union laws on data protection. But, in preparing for General Data Protection Regulation (GDPR), are U.S.…
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Data Analytics Becomes Reality

Posted by - July 18, 2017
4 Techniques for Auditors While data analytics in audit has been discussed for more than two decades, most internal audit teams are just beginning to make serious investments to embed analytics in their engagements and processes. Vendors highlight techniques such as predictive and prescriptive analytics; however, it is often unclear what these techniques entail and how they can be applied…
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