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Generative AI has productivity-enhancing potential, but to manage its risks requires an understanding of the technology, says Andrew Harding, FCMA, CGMA, chief executive–Management Accounting at AICPA & CIMA, together as the Association of International Certified Professional Accountants.
A risk management expert shares insights on how management accountants can contribute to building their company’s strategic and operational resilience.
Global study highlights how one region’s commitment to improved ERM has helped its companies gain a competitive edge while reducing disruptive surprises related to risk.
Misinformation and disinformation emerge as a top short-term risk alongside extreme weather events, societal polarisation, and cyber insecurity, a survey found.
MIT research reveals that companies on average are overlooking nearly two-thirds of the risk subdomains categorised in the newly released AI Risk Repository.
As businesses increasingly use generative
AI, CFOs need to consider risks that include
data security, financial, intellectual property,
reputational, and more.
Nine in ten senior tech decision-makers don’t understand how generative AI will affect their business, a new report found, sparking implementation and compliance concerns.
Organisations are concerned about AI’s impact on the threat landscape, but less than half are conducting regular audits to secure their defences, driving a cycle of burnout among employees.
BDO’s Global Risk Landscape 2024 found that 84% of executives feel that the global risk landscape is more defined by crisis now than at any time in recent history.
AI chatbot ChatGPT can be a useful tool, and by understanding how it
works — and its flaws and limits — you can develop a reputation with
AI that will enhance your career.
Employers can address internal fraud risk by understanding the fraud triangle — three factors that when present increase the likelihood that fraud occurs.
Also, the UKEB seeks UK stakeholders’ views on a recent exposure draft from the IASB, and the EU’s new “due diligence” rules address firms’ impacts on human rights and the environment.
