Data Governance

Updated: December 11, 2024

To ensure high-quality data within organizations large and small, CPAs are best suited for take the lead on managing all that information.
If cash flow is the lifeblood of a company, then data could be considered the neural network—transmitting vital information and insights to every part of an organization. Good-quality data can provide positive insights and can lead to superior business outcomes, which is why trusting your data is so important.

Building on the February 2020 Phase 1 Report, this report documents the impacts of disruptive and transformative technologies on the work of professional accountants and provides extensive analysis and insights into the ethical dimension of those developments. The report also discusses the relevance and importance of the overarching principles and specific provisions in the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) in laying out the ethical guardrails for professional accountants as they face opportunities and challenges in their work as a result of rapid digitalization.

In today’s world, mis- and disinformation continue to hamper decision making at every level. But CPAs can play an important role in discerning fact from fiction.
At a time when bias and fake news are rampant, and when political upheaval and a global pandemic provide countless opportunities for ethical breaches, CPAs have a powerful role to play in ensuring the organizations they serve have access to and can rely on credible information.

Discerning between what’s real information and what’s false is an increasingly difficult task. But it’s also more important than ever in the fast-paced digital age.

With each passing minute, we’re increasingly bombarded by information faster than we can process it. As we struggle to keep up with our social media feeds and app notifications, a raft of growing concerns about the impact of that information deluge and the intentions of those behind it has emerged, particularly when it comes to the media we consume.

A CPA’s role in ensuring trust in your data-sharing ecosystem

Are you ready for a world that's data-rich and where all decisions are data-driven? What role do CPAs have in finding new ways to harness vast quantities of data and establish new models of governance?

Supply chain security in uncertain times: Questions a board should ask

During uncertain times, the security of your supply chain is paramount. Help your board of directors in their oversight of company efforts to evaluate and reinforce supply chain resilience in the wake of major disruptions.

Data governance primer: Rising to the challenge of a data-driven world

Technological change is happening at breakneck speed. Global information is amassing, causing a huge surge in data. For CPAs, it’s a double-edged sword.

Corporate data policy and its elements

A data policy sets out guidelines to ensure an organization’s data is managed properly. Learn about data policies and the role CPAs can play.

Data governance: Is it on your board’s radar?

Organizations and their boards are facing an exponentially increasing amount of financial and non-financial data. Learn how your board can take advantage of the power and value of this resource.

Built-to-Evolve Data Can Help Transform Finance

Many organizations are undertaking efforts to transform their finance operations, including their ERP systems, calling attention to finance data models that may need rearchitecting. Historically, organizations often focused on building a finance data model, or an enterprise information model, that was designed to last. However, an increasing velocity of change in the global economy presents significant challenges for designing models that can be relevant a decade or even five years into the future.
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Technology is a double-edged sword: Opportunities and challenges for the accountancy profession

Professional accountants play a key role in helping organizations navigate technological changes in an ethical manner. To do so, they must understand how to respect technology’s double-edged sword—actively pursuing opportunities while safeguarding against challenges.

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