Netherlands Technology Top Tender

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 Cyber security risks kept more than 25 percent of financial executives up at night an increase from 22 percent in 2017 Forty-four percent said they are more concerned about cyber security now than they were a year earlier when 97 percent said they were very or somewhat concerned about it and As much as 70 percent of the respondents are investing in new technology to meet financial reporting requirements.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 dont think blockchain technology will impact their business.Other findings from the symposium survey Future regulatory mandates re-emerged as a leading concern behind cyber security. Some 22 percent of those surveyed said they were concerned about the potential for new regulatory mandates an increase from 19 percent in 2017 More than a third 39 percent said including Critical Audit Matters CAMs in the Auditors report will help offer new insights into their company up slightly from 33 percent in 2017 and As many as 85 percent have begun the process to adopt the new lease accounting standard 4 percent of the respondents said their company has completed the implementation. That compares to 34 percent and 1 percent respectively last year.The 29th Annual Accounting and Financial Reporting Symposium KPMG LLPs 29th Annual Accounting and Financial Reporting Symposium will be held November 21-22 2019 in Las Vegas. The symposium one of the accounting professions 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.