New Auditing Reporting Model: The Final Standard

What is it about?

To what extent are critical audit matters, as well as matters relating to subjectivity and judgment likely to impact the future of financial reporting – particularly the need to exercise adequate judgment, reasoning, supervision and other vital mechanisms of corporate governance? This is already impacting the field of Data and Audit analytics. Effective mechanisms of accountability and disclosures procedures – coupled with all important verification and authorization procedures constitute part of essential components which will be required to address challenges presented in this new era. The need for effective mechanisms of accountability and disclosures procedures – coupled with all important verification and authorization procedures - all constitute part of essential components which will be required to address challenges presented in this new era of digital technology.

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Photo by Markus Spiske on Unsplash

Photo by Markus Spiske on Unsplash

Why is it important?

Potential and growing impact of crypto currencies and block chain technologies will also require the engagement of a more centralized regulatory control if their potentials are to be maximized (in the field of distributed ledger technologies)

Perspectives