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.
Mar 06, 2024
In the latest Perspectives Paper as part of the Intangibles Series, IVSC examines how Human Capital generates value for organisations and the attributes of such value creation, analyses how investors assess the enterprise value creation attributable to Human Capital via KPIs and investments; and discuses the value measurement techniques used to estimate the value of Human Capital directly.
Mar 01, 2024
This Perspectives Paper is designed to support professionals in navigating the valuation landscape of data as an asset, offering an overview of current methodologies and future considerations.
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