The use of effective internal controls around sustainability performance data is not just a 'nice to have'; it’s a must-have.
Since data breaches suggest weak controls, CFOs need to improve their grasp of technology controls.
External auditors are placing more focus on evaluating internal controls over financial reporting, leading to higher fees for companies.
Most firms seem to be putting off implementation of the new COSO framework until next year.
If overseas companies fail to adopt the computer language, full transparency and accessibility to global financial information would be lost.
Let's face it: the ISO enterprise risk management framework used by most companies outside the United States is edging out the U.S.-favored COSO framework. Is there any point in clinging to the latter?
