Key points related to data governance that management accountants should prepare themselves for specifically related to migrating to the cloud are: Key Considerations : Ensuring the cloud application access controls are robust; determining who can access data and on which device; ensuring the cloud application supports your organizational data management standards
1 Comment - We need to look at the fundamental requirements of data governance in security of our data assets, as accountants are charged with that duty, considering that safekeeping of company assets is in our purview
This is an interesting new trend in corporate governance. However, a mere 5% of public companies now have technology committees on their boards, as cited by Nash...Yet most companies do not seem to equate those risks with good corporate governance at the top ranks
3 Comments - Not only does technology governance need to involve the board – a company also needs to integrate its key management functions
sustainability information about environmental, social and governance factors), including narrative, non-numeric information
1 Comment - no search term matches found in comments.
Some of my prior TechTalk blogs have tackled issues like effective data governance strategies and reliability of data to drive decision-making. Financial information in traditional ERP systems is trusted, structured, accessible, usable and linked to original sources (in most cases). A strong data governance strategy helps ensure this through effective internal controls, continuous monitoring and risk management
This is a direct weakness in the data governance strategy and policy of the organization, and one that needs shoring up immediately (think weak point in the castle walls with invaders pummeling at it with a catapult – it doesn't take much effort nowadays with more advanced technologies and tools to break through)
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Interesting debate yesterday before the US Senate Banking Committee on the topic of expanding disclosures of US companies to include environmental, social and governance data besides just financial disclosures
When using Big Data, companies should always consider a data governance strategy, which will help mitigate risk
), *David Colgren (Colcomgroup), Bob Laux (Microsoft) Developments in Integrated Reporting (<IR>), an emerging performance reporting trend that focuses on broadening traditional financial reporting to include environment, social, and governance performance reporting