Jul 02, 2024
The July 2024 issue of ThinkTWENTY20 offers insightful discussions on critical topics. It addresses the growing threat of cyberattacks and the multidisciplinary approach needed to combat them. The issue explores the importance of digital signatures in ensuring trust and integrity in corporate reporting. A three-part series on international clearing and settlement examines legacy payment systems and the potential of blockchain technology. Additionally, it discusses the crucial role of audit committees in overseeing internal audit functions offering best practices for success. The issue includes a book review on achieving productivity without burnout and highlights a new book on converting sustainability disclosures into actionable corporate strategies. This comprehensive edition provides valuable perspectives on enhancing security, trust, efficiency, and sustainability in today's corporate landscape.
Jun 13, 2024
The paper explores valuation inspections and considers the benefits and challenges associated with various types of inspections, including traditional physical inspections and technology-based virtual assessments. It is intended to support the valuation community by offering insights and practical guidance on navigating the complexities of asset inspections, thereby ensuring the reliability and accuracy of valuations.
Apr 25, 2024
This report covers Canada's economic indicators, AI advancements, and auditing standards activity. It identifies an upward trend in Canada's Composite Leading Indicator but a decrease in GDP per capita due to population outpacing output growth. The AI segment discusses a 2023 investment boom, the benefits and concerns, and the need for standardization in responsible AI reporting. Lastly, the report highlights the long-standing issue of defining auditor responsibilities for fraud, suggesting that AI could aid in risk management despite the challenges posed by rapid business changes.
Mar 27, 2024
This report explores the audit implications of risks associated with the use of generative artificial intelligence (AI) in financial reporting processes and internal control over financial reporting (ICFR). In addition to summarizing essential aspects of generative AI technology and explaining how companies are implementing it, the publication discusses government regulations that may affect generative AI, outlines specific risk areas for auditors to consider, and includes a couple of hypothetical scenarios illustrating how an entity might perform risk assessments related to the use of such technology.
Mar 17, 2024
This Update summarizes recent developments relating to public company audit committees and their oversight of financial reporting and of the company’s relationship with its auditor.
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