Internal auditors, CFOs should share the AI disruption risk: IIA CEO; Your D&O coverage is probably inadequate, a broker says; EY firings highlight multitasking, professional training woes; Main GenAI benefit so far is time saved, finance execs say
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Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the cost to preparers, board member Fred Cannon said.
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The online training scandal comes about two years after the Securities and Exchange Commission fined EY $100 million for cheating by its auditors on ethics exams.
Generative AI is saving finance teams a lot of man hours as they ditch manual processes, but translating that into dollar-based ROI terms is tricky, panelists said.
Expanding to new markets can drive growth for businesses, but it also comes with new risks. Learn how trade credit insurance can help CFOs make more informed decisions when extending credit to customers in this playbook.
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