AI: Opportunities, risks, and challenges for accountants
It has been an imperative for accountants to keep up with the technological advancements in the market, and understanding artificial ...
Tag: risk management
Willis survey: Regulatory breaches emerge as top risk in Asia
Regulatory breaches emerged as the top risk among Asian boards, according to a survey by Willis, a business by WTW. ...
Cash flow management as a top threat to organisational growth
Cash flow management has emerged as a top financial risk that poses the greatest threat to organisational growth, according to ...
Deloitte: APAC organisations have 'greatest' opportunity for AI governance improvement
Fewer than one in ten organisations across the Asia Pacific have the governance structures necessary to achieve trustworthy AI, according ...
Technology emerges as top risk for APAC organisations, study says
The future of technology emerged as the top risk of concern of today and tomorrow for organisations in the Asia-Pacific ...
Enterprise risk management remain undervalued, study finds
Business leaders are not sufficiently investing in their organisation’s risk oversight even amid risks that are increasing globally in volume ...
Sumsub's non-doc identity verification solution gets regulatory nod
Global full-cycle verification provider Sumsub received full regulatory compliance approval for its non-doc identity verification solution following a regulatory-led audit ...
The role of AI-powered risk management in fraud prevention
Finance leaders nowadays are often asked with not only the usual queries on handling and managing risks in fraud, but ...
AI-enhanced malicious attacks emerge as top risk for enterprises in Q2
A Gartner study revealed that there is a rising concern of artificial intelligence-enhanced malicious attacks as these become top emerging ...
Finance and GenAI: managing risks and adding value
In discussions of new technological advances that can no doubt aid businesses and organisations in their journey to success, risks ...
Organisations report uptick in payment fraud in 2023
Organisations reported being victimised by attempted or actual payment fraud activities in 2023, according to a study by the Association ...
BlackLine launches Journals Risk Analyser for finance leaders
BlackLine, Inc. launched its generative artificial intelligence-powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new ...
The risks CFOs must face in 2024
As the market shifts here and there, the role of the chief financial officer continue to evolve, juggling priorities and ...
Supporting finance teams' risk management processes
Providing support to an organisation's finance team is a must in intensifying the focus on risk management. In the Association ...
Why building an effective risk culture to organisational goals is critical
Building an effective risk culture and alignment to organisational objectives is a critical step on risk management, which can impact ...
Climate risks as a consideration in audit processes
It is not always on the obvious side of the business world, but climate risks and sustainability are among the ...
Human capital becomes a key business risk
Human capital is no longer simply a “people problem” but a key business risk that is fuelled by rising health ...
The advantages of proactively managing security risks
Proactively managing security risks has its own advantages, especially considering the fast pace of digital transformation around the world. Organisations ...
Finance leaders' balancing act between risk, transformation
A number of finance leaders in the Southeast Asian region were revealed to have been pursuing a bold transformation agenda ...
FP&A as foundation for banks' risk management
The banking industry has been facing tremendous challenges especially following the COVID-19 pandemic situation as extreme volatility remains in the ...
Treasury professionals: The hardest-to-manage risks
Treasury professionals see macroeconomic risk as one of the hardest to manage. According to Association For Financial Professionals’ 2023 AFP ...
TNFD Releases Final Recommendations on Nature-Related Risk Management
The Taskforce on Nature-related Financial Disclosures on Sept. 18 released its final recommendations on nature-related risk management and disclosure, aligned ...
Unmanaged digital sovereign risk to severely impact 30% of MNCs
Unmanaged digital sovereign risk is set to impact 30% of multinational organisations that will experience revenue loss, brand damage or ...
Generative AI: What business leaders can do to manage risk
As generative AI continues at a breakneck pace, organisations need to act now to formulate an enterprise-wide strategy for AI ...
CFOs: What’s your plan to mitigate risks of bank failures?
To mitigate risks of bank failures, 28% of CFOs plan to diversify deposits across more banks, said Gartner recently when ...
A look at Oracle’s Finance Modernization for banking solution
The finance operating model is shifting and the pressure on banks’ finance teams to do more with less has never ...
Rethinking risk for the future
Risk management as we knew it has been catapulted by the ongoing pandemic, and accountants have been presented with an ...
2021 executive perspectives on top risks
Some risk elements remain consistent such as cyber threats and data risk, but the future of work and the need ...
The top risk in 2021 according to audit chiefs
Chief audit executives (CAEs) have listed IT governance as the top risk for 2021, said Gartner recently. According to the ...
How much missed risks could cost your business?
For an average US$ 5 billion revenue company it amounts to US$ 99 million annually in opportunity cost from delayed ...
Management’s top 10 operational risks in 2020
A global survey by Protiviti and NC State University’s ERIM initiative reveals the top 10 operational risks in 2020. This ...
Organisational complexity remains top auditor concern
Data management failures have drawn regulatory and public scrutiny, leading to increased regulatory burdens and pressure on organisations and their ...