Cyber Security a Growing Concern;
Companies Taking a ‘Watch-And-Wait’ Stance Toward Blockchain
Technology -- keeping pace with change, preventing cyber breaches or investing in emerging tools, such as blockchain -- remains top of mind for corporate financial executives, according to a new survey by U.S. audit, tax and advisory firm, KPMG LLP.
The survey of 575 attendees at the KPMG 28th Annual Accounting & Financial Reporting Symposium found:
“Advancing technologies continue to change how the finance and audit functions conduct business,” said Harry Argires, KPMG National Managing Partner - Audit Operations. “Most companies realize that keeping pace with new technologies is crucial to their success, evidenced by their ongoing investments to enhance financial reporting and reduce cyber risks.”
The symposium, held Nov. 29-30 in Las Vegas, has grown into one of the most popular events for financial reporting professionals, offering a well-rounded mix of sessions on timely and critical topics that corporate financial reporting executives need to perform their roles. Sessions include discussions of developments at the Financial Accounting Standards Board and Securities and Exchange Commission, as well as a focus on financial leadership and innovative change.
Some 46 percent of the executives surveyed said they are carefully monitoring the marketplace to determine if blockchain makes sense for their company. Only 2 percent are using blockchain currently, and 41 percent said they don’t think blockchain technology will impact their business.
Other findings from the symposium survey:
The 29th Annual Accounting and Financial Reporting Symposium
KPMG LLP’s 29th Annual Accounting and Financial Reporting Symposium will be held November 21-22, 2019 in Las Vegas. The symposium – one of the accounting profession’s premier conferences on issues and actionable information - offers a well-rounded mix of sessions on timely and critical topics, including developments from the Financial Accounting Standards Board and Securities and Exchange Commission; implementation of new accounting standards; cybersecurity; data and analytics; International Financial Reporting Standards; and internal controls, as well as a focus on financial leadership and innovative change.
From basic and advanced technical accounting courses and seminars for CPE credit to in-depth conferences, KPMG Executive Education provides a range of effective continuing education learning experiences for corporate executives and their staffs in the accounting, finance, and business management professions. To learn more, and find registration information for the Annual Accounting and Financial Reporting Symposium, go to www.execed.kpmg.com.
KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 197,000 professionals working in 154 countries. Learn more at www.kpmg.com/us.