Protiviti
Encyclopedia
Protiviti is a global consulting and internal audit
firm specializing in risk and advisory services. Protiviti’s customers are in the areas of finance, operations, technology, litigation, and governance, risk and compliance. Protiviti has offices in 61 major markets, with 33 in the United States and 28 in the Americas, Asia-Pacific and Europe. The firm also has risk consulting partnerships with firms in Abu Dhabi, Caracas, Dubai, Jakarta, Kuwait and Lima.
, Inc. agreed to hire approximately 800 workers formerly with Arthur Andersen LLP
, including more than 50 individuals who had been Partners at Andersen. These workers had been affiliated with the internal audit and business risk consulting practices of Andersen, which were operated separately from Andersen’s attestation and external audit services. These employees formed the base of Protiviti.
The name of the firm was chosen as a part of the brand
ing studies done at the firm's founding. Beyond its linguistic aspects, the name was found to be free to be established as a unique trademark
worldwide.
Index and listed on the FORTUNE 500
.
Protiviti is led by:
Joseph A. Tarantino, President and Chief Executive Officer
Carol M. Beaumier, Executive Vice President, Global Industry Programs
Robert B. Hirth Jr., Executive Vice President, Global Internal Audit
James Pajakowski, Executive Vice President, Global Risk and Advisory Services
Gary Peterson, Executive Vice President, International Operations
; technology risk management and effectiveness; GRC; and litigation, investigations, turnaround and restructuring.” These solutions include:
Protiviti also serves clients in the following industries:
Protiviti acquired the Lender Advisory Services (LAS) practice from RSM McGladrey
and integrated it into its Credit Risk practice.
2006
Protiviti acquired Canada-based Creative Options and Radius, two companies that specialized in the retail sector with a focus on loss prevention and employee awareness and training programs.
Protiviti acquired P.G. Lewis & Associates LLC, a data forensics firm specializing in corporate investigations and litigation support.
Protiviti announced that it had consolidated its public sector operations into a wholly owned subsidiary, Protiviti Government Services, Inc., and that this subsidiary had acquired Enspier Technologies, Inc., a company providing technology and management consulting services primarily to government organizations.
2007
Protiviti acquired PENTA Advisory Services, LLC, whose specialties included restructuring and insolvency services, litigation services, and bankruptcy-related tax, accounting, and administrative services. The company’s 43 employees, including four co-founders, joined Protiviti’s Event Response practice.
companies.
Internal audit
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk...
firm specializing in risk and advisory services. Protiviti’s customers are in the areas of finance, operations, technology, litigation, and governance, risk and compliance. Protiviti has offices in 61 major markets, with 33 in the United States and 28 in the Americas, Asia-Pacific and Europe. The firm also has risk consulting partnerships with firms in Abu Dhabi, Caracas, Dubai, Jakarta, Kuwait and Lima.
History
The company was established in 2002 when Robert Half InternationalRobert Half International
Robert Half International , based in Menlo Park, California, is an American staffing firm, and a member of the S&P 500. Founded in 1948, Robert Half International is the world's first and largest accounting and finance staffing firm, with over 400 locations worldwide...
, Inc. agreed to hire approximately 800 workers formerly with Arthur Andersen LLP
Arthur Andersen
Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations...
, including more than 50 individuals who had been Partners at Andersen. These workers had been affiliated with the internal audit and business risk consulting practices of Andersen, which were operated separately from Andersen’s attestation and external audit services. These employees formed the base of Protiviti.
Branding
The name of the company is a coined term that supposedly communicates the “key brand attributes - professionalism and proactivity as well as independence and integrity. The unique spelling with three "i's" represents "Independence," which is perhaps the most important concept.”The name of the firm was chosen as a part of the brand
Brand
The American Marketing Association defines a brand as a "Name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers."...
ing studies done at the firm's founding. Beyond its linguistic aspects, the name was found to be free to be established as a unique trademark
Trademark
A trademark, trade mark, or trade-mark is a distinctive sign or indicator used by an individual, business organization, or other legal entity to identify that the products or services to consumers with which the trademark appears originate from a unique source, and to distinguish its products or...
worldwide.
Legal Structure and Executives
Protiviti is a wholly owned subsidiary of Robert Half International, Inc., a specialized staffing firm and a member of the S&P 500S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
Index and listed on the FORTUNE 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
.
Protiviti is led by:
Joseph A. Tarantino, President and Chief Executive Officer
Carol M. Beaumier, Executive Vice President, Global Industry Programs
Robert B. Hirth Jr., Executive Vice President, Global Internal Audit
James Pajakowski, Executive Vice President, Global Risk and Advisory Services
Gary Peterson, Executive Vice President, International Operations
Services
Protiviti’s services provide “the necessary business process, technology and specialized skills to address challenges related to financial and operational risk managementOperational risk management
The term Operational Risk Management is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk...
; technology risk management and effectiveness; GRC; and litigation, investigations, turnaround and restructuring.” These solutions include:
- Finance & Accounting Excellence
- Risk & Compliance
- Internal Audit & Financial Controls
- Litigation, Restructuring & Investigative Services
- Cost & Working Capital Optimization
- Information Technology Effectiveness & Control
Protiviti also serves clients in the following industries:
- Consumer Products & Retail
- Energy & Utilities
- Financial Services & Real Estate
- Healthcare & Life Sciences
- Manufacturing, Distribution & Technology
- Hospitality
- Communications
- Public Services
Acquisitions
2005Protiviti acquired the Lender Advisory Services (LAS) practice from RSM McGladrey
RSM McGladrey
McGladrey is the 5th largest accounting firm in the United States by revenue and a member of the global accounting network RSM International.The firm has more than 8,000 employees across 85 offices nationwide providing assurance, tax, and consulting services...
and integrated it into its Credit Risk practice.
2006
Protiviti acquired Canada-based Creative Options and Radius, two companies that specialized in the retail sector with a focus on loss prevention and employee awareness and training programs.
Protiviti acquired P.G. Lewis & Associates LLC, a data forensics firm specializing in corporate investigations and litigation support.
Protiviti announced that it had consolidated its public sector operations into a wholly owned subsidiary, Protiviti Government Services, Inc., and that this subsidiary had acquired Enspier Technologies, Inc., a company providing technology and management consulting services primarily to government organizations.
2007
Protiviti acquired PENTA Advisory Services, LLC, whose specialties included restructuring and insolvency services, litigation services, and bankruptcy-related tax, accounting, and administrative services. The company’s 43 employees, including four co-founders, joined Protiviti’s Event Response practice.
Clientele
The firm’s clients include more than 35 percent of all FORTUNE 100 companies, more than 25 percent of all FORTUNE 500 companies and more than 20 percent of all FORTUNE 1000Fortune 1000
Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. The list is of the 1000 largest American companies, ranked on revenues alone...
companies.
Recognition
- Protiviti was recognized by BusinessWeekBusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
as one of the "Best Places to Launch a Career" for three consecutive years from 2006-2009. The company was also recognized by BusinessWeek as a company offering one of the “50 Best Internships” in 2007.
- Recognized as a leader in risk consulting services by Forrester ResearchForrester ResearchForrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Forrester Research has five research centers in the US: Cambridge, Massachusetts; New York, New York; San Francisco, California;...
.
- Designated a Strong Performer in governance, risk and compliance platforms by Forrester Research.