The business and financial landscape is being transformed by a number of global events and trends, which are creating many challenges in the financial and accounting environment.
Five challenges in today’s transformed financial landscape
We have identified five key challenges that have emerged for management, boards and audit committees in the financial and accounting environment:
1. Corporate governance, new rules and higher expectations
* Corporate governance reform is at the top of investor, regulator and board agendas. Organizations face the prospect of new governance rules and higher expectations.
* Boards and audit committees will need to take an increasingly broader view of enterprise and external risks, and ask tough questions of management to fully understand the controls in place and any proposed changes to managing the key risks that could impact the organization’s overall performance.
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