Post by account_disabled on Dec 30, 2023 10:04:37 GMT
Open data standards and technological innovation Help promote international and digital compliance and reporting processes. IMA (R) (Institute of Management Accountants) announces the release of a new report on the data revolution. that will revolutionize the reporting, controlling, inspecting, and tracking systems of businesses Today, the regulatory environment is more complex and fragmented. This makes compliance difficult for companies and prevents investors and reporting parties from receiving useful information. And at a time when the world is facing a pandemic, remote access to quality information is critical. Finding a solution to deal with such problems is therefore a must.
Titled "The Digital Transformation of Compliance and Business Reporting in the Email Data Revolution: From Fragmentation to Connected Reporting," the report invites standard-setters, businesses, policy makers to and other stakeholders together sparking the data revolution. By releasing data that is currently locked in distributed reports and platforms, The report includes testimonials from Jeff Thomson, CMA, CSCA, CAE, IMA President and CEO, and was co-authored by Liv A. Watson, Senior Director of Strategic Customer Initiatives, Workiva, and IMA Board Member; Dermot Murray, General Manager EMEA, Workiva; Tanuj Agarwal and Urmish Mehta, Research Team Members from Workiva; Deborah Lelpziger, Managing Director, The Leipziger Group; and David Wray, Senior Director of Accounting and Reporting, Huawei. "IMA has long seen that Information that is trustworthy, verifiable, accessible and machine-readable. "How important is it to modernize our business reporting process?" said Thomson.
It will help make compliance easier. and ensuring that financial and non-financial data can be used to enhance business decision-making.” The report outlines steps that should be followed to fully digitalize the reporting and compliance process. There are several steps as follows: - Establish a special working group consisting of relevant stakeholders. To use digital technology to enhance governance reporting - ensuring that standard setters Operating framework developer and best practices combined into a source of reporting and compliance knowledge for industry organizations - providing a high-level solution master plan for implementing a global digital framework across products. They leverage their deep understanding of the governance ecosystem and governance framework. To assess the benefits of digital transformation initiatives to both policymakers and regulators - ensuring that software vendors and service providers develop prototype implementation plans. To test data linkage and report data transmission according to requirements. “Establishing a global practice for exchanging and reusing regulated data is critical.
Titled "The Digital Transformation of Compliance and Business Reporting in the Email Data Revolution: From Fragmentation to Connected Reporting," the report invites standard-setters, businesses, policy makers to and other stakeholders together sparking the data revolution. By releasing data that is currently locked in distributed reports and platforms, The report includes testimonials from Jeff Thomson, CMA, CSCA, CAE, IMA President and CEO, and was co-authored by Liv A. Watson, Senior Director of Strategic Customer Initiatives, Workiva, and IMA Board Member; Dermot Murray, General Manager EMEA, Workiva; Tanuj Agarwal and Urmish Mehta, Research Team Members from Workiva; Deborah Lelpziger, Managing Director, The Leipziger Group; and David Wray, Senior Director of Accounting and Reporting, Huawei. "IMA has long seen that Information that is trustworthy, verifiable, accessible and machine-readable. "How important is it to modernize our business reporting process?" said Thomson.
It will help make compliance easier. and ensuring that financial and non-financial data can be used to enhance business decision-making.” The report outlines steps that should be followed to fully digitalize the reporting and compliance process. There are several steps as follows: - Establish a special working group consisting of relevant stakeholders. To use digital technology to enhance governance reporting - ensuring that standard setters Operating framework developer and best practices combined into a source of reporting and compliance knowledge for industry organizations - providing a high-level solution master plan for implementing a global digital framework across products. They leverage their deep understanding of the governance ecosystem and governance framework. To assess the benefits of digital transformation initiatives to both policymakers and regulators - ensuring that software vendors and service providers develop prototype implementation plans. To test data linkage and report data transmission according to requirements. “Establishing a global practice for exchanging and reusing regulated data is critical.