Katarzyna (Kate) Beben

The EY Global Integrity Report 2024 reveals that ESG is at a crossroad between aspiration and regulation. Read the findings here. https://ow.ly/1ax830sFNER #EYCanada #BetterWorkingWorld

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We have seen significant interest in applying AI and other automation tools to optimize FP&A and financial reporting, particularly for PE-owned portfolio companies, requiring more mature reporting

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With AI powering innovation and transforming industries across the globe, boards need to augment their governance strategies and sharpen their strategic oversight. Deloitte’s latest report explores the current AI governance landscape and provides actionable insights for boards to foster responsible AI adoption and innovation.

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Key Insights for Auditors from KPMG's Global Tech Survey 2024 The Global Tech Survey 2024 offers vital insights for auditors regarding technology adoption, cybersecurity, and data governance. Here are the key highlights: - AI Transparency: Auditors encounter challenges due to AI's "black box" nature, complicating the assessment of AI-driven decisions. - Cybersecurity Gaps: Although 70% of organizations prioritize cybersecurity, many treat it as a mere formality. This superficial approach can lead to vulnerabilities during audits. - Skills Shortage: A significant skills gap, coupled with a risk-averse culture, hinders effective technology implementation, impacting internal audits. - Data Governance: Canadian organizations are lagging in data management, highlighting an urgent need for improvement in data security and governance. - Future Outlook: Addressing trust, transparency, and ethical issues is essential for maximizing the benefits of technology. Auditors must evaluate both technological and organizational readiness for change. Mitigating Risks: To address the risks identified in the Global Tech Survey 2024, auditors can take several proactive steps: - Invest in Continuous Education and Training: Auditors should remain updated on the latest technologies and regulatory requirements, especially concerning AI systems and their implications for transparency and accountability. - Conduct Regular Audits of Cybersecurity Measures: While enhancing cybersecurity is primarily a management responsibility, auditors can play a crucial role by conducting regular audits to assess the effectiveness of existing cybersecurity frameworks and identify areas for improvement. - Promote Data Governance Practices: Auditors can advocate for and help implement best practices in data governance by ensuring that organizations have clear policies and procedures regarding data management and protection. - Engage with IT and Compliance Teams: By actively collaborating with IT and compliance teams, auditors can gain insights into the technological landscape and ensure that ethical considerations are prioritized in investment evaluations and decision-making processes. The findings from the Global Tech Survey 2024 indicate that auditors must adapt to the evolving landscape of technology adoption, particularly concerning AI, cybersecurity, data governance, and ethical considerations. By focusing on these areas, auditors can help ensure that organizations are not only compliant but also effectively managing the risks associated with their technology journey. Read more by clicking the link below.

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The EY Global Integrity Report 2024 reveals that ESG is at a crossroad between aspiration and regulation. Read the findings here. https://ow.ly/WbKF30sFQAK #EYCanada #BetterWorkingWorld

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🌟 Navigating the Future of Auditing in a Tech-Driven World 🌟 As we jump into the findings of the Global Tech Survey 2024, it’s clear that the landscape of auditing is evolving rapidly, driven by technological advancements, particularly in AI and data management. 🔍 Key Insights: AI Adoption: A remarkable 79% of Canadian organizations have implemented AI, with 93% reporting an increase in profitability from its use. This shift underscores the importance of integrating AI into auditing processes to enhance efficiency and accuracy. "AI technologies are helping the knowledge workers in my organization become more productive, which is improving our overall performance". Skills Gap: Despite the technological advancements, a significant challenge remains: the skills shortage. Canadian respondents identified a "skills shortage within their organization" as a top barrier to transformation. This highlights the urgent need for upskilling and reskilling initiatives within the auditing profession to keep pace with technological changes. Data Management: Effective data management is crucial for successful auditing. The survey indicates that "data security and data governance were identified as the top priorities for data management improvement." As auditors, we must prioritize these areas to ensure compliance and enhance the reliability of our audits. Transformation Fatigue: Many organizations are experiencing "transformation fatigue," which can hinder the adoption of new technologies. It’s essential for auditing teams to maintain momentum and adapt to these changes proactively. Ethical Considerations: With the rise of AI, ethical concerns are paramount. The survey reveals that "AI will pose challenges to our current operational structures, potentially leading to job reduction and ethical concerns." As auditors, we must navigate these challenges carefully to uphold integrity and trust in our profession. The future of auditing is intertwined with technology. By embracing AI, addressing skills gaps, and prioritizing data management, we can enhance our auditing practices and drive greater value for our organizations. #Auditing #AI #DataManagement #KPMG #GlobalTechSurvey2024 KPMG Canada http://pbynd.cc/nnmcc

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Unlock the value of #AI with KPMG in Canada The AI era is here, filled with untapped value waiting to be realized. KPMG in Canada has helped hundreds of organizations turn AI opportunities into results. 👉 Discover how our clients have elevated performance and unlocked new AI use cases. Read their stories here: kpmg.com/ca/exploreAI #YoucanwithAI transform ideas into tangible results. #GenAI

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Executives are unlocking efficiency and innovation by using artificial intelligence to gain a deeper view of their operations and processes. Learn more. https://ow.ly/vVYZ30sFRH6 #EYCanada #BetterWorkingWorld

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Did you know AI's growing energy demands are putting pressure on power grids and impacting our transition to cleaner energy? Krish Banerjee, Managing Director and Lead for Data and AI at Accenture Canada, discusses the challenges and solutions via Financial Post. Discover how to balance innovation with #sustainability: https://accntu.re/4eX2sCg #Accenture

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Did you know AI's growing energy demands are putting pressure on power grids and impacting our transition to cleaner energy? Krish Banerjee, Managing Director and Lead for Data and AI at Accenture Canada, discusses the challenges and solutions via Financial Post. Discover how to balance innovation with #sustainability: https://accntu.re/4eX2sCg #Accenture

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When it comes to GenAI, there are a lot of questions about what the future can look like. EY shares perspectives from the Forbes CMO Summit to explore the latest strategies and trends. Find out more 👉 https://ow.ly/gzEU30sBCfE #EYCanada

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Artificial intelligence (AI) is transformative. For Black professionals and their communities, AI’s impact is complex and can widen the digital divide. Learn how organizations can ensure that Black professionals and other equity-seeking groups thrive in an increasingly AI-driven world. Download our latest Black in Canada report today: deloitte.ca/BlackInCanada #BlackinCanada #DeloitteCanada Patrice Njoh, MBA PMP; Alecia Maragh, Carolyn Hamer, Tara Van Zuiden, Max Bazile

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#AI is rapidly transforming major segments of the workforce. The latest EY survey targeting public sector reveals significant insights into the current landscape of AI trends for government, the advantages it offers and the requirements for broader adoption. https://ow.ly/eOFz30sGR6A #EYCanada #BetterWorkingWorld

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A recent KPMG survey showed 82 per cent of Canadian executives say their companies are using AI in finance, compared to 71 per cent globally. My colleague @Aris Kossoras and I recently spoke to the @Financial Post about how AI is impacting the finance function at Canadian organizations. AI is changing the role of CFOs and finance professionals, and organizations altogether. So how can businesses keep up with these rapid changes? Aris and I discussed those themes and more in this story by @Rosalind Stefanac: https://lnkd.in/gKrwbPgK

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Did you know AI's growing energy demands are putting pressure on power grids and impacting our transition to cleaner energy? Krish Banerjee, Managing Director and Lead for Data and AI at Accenture Canada, discusses the challenges and solutions via Financial Post. Discover how to balance innovation with #sustainability: https://accntu.re/4eX2sCg #Accenture

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🚀 AI is transforming the business landscape—but are boards keeping up? Since the launch of #ChatGPT in late 2022, Generative AI has sparked a global wave of innovation and investment. Gartner predicts IT spending will hit $5.26 trillion in 2024, with GenAI driving much of this growth. Yet, Deloitte's recent survey of nearly 500 board members and executives reveals a concerning gap:  - Only 14% of boards discuss AI regularly, while 45% haven’t addressed it at all.   - 79% of board members admit limited or no experience with AI, highlighting an urgent need for education and upskilling.   - Many organizations are still in the pilot or proof-of-concept stage, struggling to scale AI initiatives due to challenges like data infrastructure and employee adoption.  Boards have a critical role to play in balancing AI’s opportunities with its risks. To govern effectively, they need to:   ✅ Put AI on the agenda—strategically and regularly.   ✅ Define clear governance structures and responsibilities.   ✅ Enhance AI literacy through education and hands-on experiences.   ✅ Align AI oversight with long-term strategy and stakeholder priorities.  As AI adoption accelerates, boardrooms must evolve to provide the right level of stewardship. This isn’t just about managing risks—it’s about unlocking AI’s potential to drive growth, efficiency, and innovation.  💡 How is your organization preparing its board for the AI era? Let’s discuss! Read the whole Deloitte article. Thank you Deloitte for the opportunity to share. #AI #GenerativeAI #Leadership #Governance #Innovation   #riseaboveandempoweryourself Ignite Your Leadership Journey ChandraKumar R Pillai Luca Collina MBA

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Why do many transformations fail to deliver the value that organizations expect? These six drivers increase the likelihood of a successful transformation: https://ow.ly/Ft7E30sCm4C #EYCanada #BetterWorkingWorld

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AI governance is taking over the C-suite. 🤖 Here are 4 skills that will help: https://ow.ly/eryH30sEkKJ #EYCanada #BetterWorkingWorld

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