Cyber security: Advances in search of armor
Cybersecurity has become one of the great challenges of the digital age. KPMG's Keeping pace with disruptive risk and digital transformation report revealed that among the companies' priorities are to conduct focused internal audits and improve cyber security. The biggest challenges that were mentioned by organizations are: maintaining internal control over financial information and its disclosure procedures (50%), helping to ensure that financial organizations have the talent and resources to prepare quality financial reports ( 49%), monitor fraud risk (30%), maintain audit quality and auditor independence (29%), evaluate key assumptions underlying critical accounting estimates (27%), implementation of new accounting standards (23 %), preparation of key or critical audit reports by an external auditor (15%) and expedite / improve company disclosures in presentations (5%). One of the key findings highlighted in the audit committees indicates that they rely on their supe