Protiviti

From Wikipedia, the free encyclopedia

Protiviti
Type Subsidiary
Founded 2002
Headquarters 60 offices worldwide
Industry Internal Audit
Professional Services
Risk Consulting
Products Professional Services
Revenue image:green up.png13% from 2005 to $543 million USD (2006)
Employees 3,300+
Website www.protiviti.com

Protiviti is an international provider of independent internal audit and business and technology risk consulting services. Protiviti is recognized as an internal audit and risk management consulting company and a thought leader in areas that include the complexities and challenges of complying with corporate governance regulations such as the Sarbanes-Oxley Act.

The company operates in 32 major US markets and 27 international markets. Protiviti has been featured in publications such as Businessweek as a leader in providing consulting services related to the Sarbanes-Oxley Act.

The name of the company is a coined term:

[It] communicates our 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 branding studies done at the firm's founding. Beyond the terms linguistic aspects it was found to be free to be established as a unique trademark world-wide.

The company is a wholly owned subsidiary of Robert Half International, Inc., a specialized staffing firm and a member of the S&P 500 Index.

Protiviti offers three distinct lines of service: Technology Risk, Business Risk and Internal Audit. The company was established in 2002 when Robert Half International, Inc. "hired more than 700 professionals who had been affiliated with the internal audit and business and technology risk consulting practice of Arthur Andersen LLP, including more than 50 individuals who had been partners of Andersen. These professionals formed the base of the Company’s new Protiviti Inc. subsidiary." [1]

Protiviti has grown rapidly since its inception in 2002, but it will need to find new avenues for growth in the medium-to-long term. This is because up until now Sarbanes-Oxley Act has been a major source of revenue as there has been a flurrey of companies interested in bringing their systems into compliance. However, this is not expected to continue at such strong levels, and Protiviti will need to diversify its services to be able to grow and generate more diverse revenues.

[edit] Milestones

  • Protiviti named by BusinessWeek as one of the best places to launch a career. At just over four years old, Protiviti was one of the youngest organizations ranked by BusinessWeek. Protiviti ranked number 52 out of 100. BusinessWeek magazine will only publish the top 50, however, the website will publish the top 55.[2]

[edit] External links