From the course: Accounting Ethics
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Expanding role of governance
From the course: Accounting Ethics
Expanding role of governance
- Every organization is under tremendous pressure to address evolving social, market and economic challenges. Those who decide to turn a blind eye to these concerns, failed a fiduciary duty to protect their entities financial interests. As these issues come up, you may wonder what do they have to do with accounting? Well, eventually they all require some form of financial accountability. Let's address the four major issues having influence on corporate and financial governance. The first board preoccupation is with information technology. Not long ago, IT was part of operational decisions. Times have changed. Boards now consider IT a core strategic component to their success. If not their survival. IT encompasses everything from artificial intelligence and data analytics to online social interactions and Ecommerce strategies. All this information, data, and required infrastructure has a financial impact on the…
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