Annual Accounting and Financial Reporting Symposium Internal controls over financial reporting (ICFR) and cyber security risks are growing concerns for executives responsible for reporting corporate financial performance. Those two issues topped executives’ list when asked what kept them up at night.
Where are you currently in your implementation of the lease accounting standard?
Not yet begun
Lease inventory completed
Assessment of accounting impacts
Systems requirements development
Software vendor selection
Implementation in progress
Beyond your specific financial reporting duties, what compliance issue most keeps you up at night?
Data infiltration and IT security
The specter of future regulatory mandates
Other current regulatory compliance issues
Anticipating and staying ahead of future investor reporting demands
Including critical audit matters (CAMs) in the auditor’s report will help our investors gain insights into my company.
4 29% 23% 31% 13% %
How concerned are you about cyber security?
Neither agree nor disagree
My organization has increased investment in new technology in the past year specifically to enhance financial reporting.
My financial reporting organization is struggling to keep pace with the rate of technological innovation in our sector.
Customer loyalty is a concern for. 90 percent of CEOs. Just over half believe they are not keeping pace with customer expectations. Two-thirds of CEOs are concerned that their organizations are not disrupting business models. CEOs named data and anal