Due to the rapid advancement of technology, the accounting profession is experiencing a profound transformation. Chartered Accountants (CAs) are no longer restricted to manual accounting and number crunching. The advent of technology has created new opportunities
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In the last article we understood the concept of Central Bank Digital Currency (CBDC) as digital version of a country’s physical currency having the same value as that of physical currency. In India, CBDC have be classified into two broad types viz. general purpose
With the developments in the economy and the evolution of the payments system, the form and functions of money has changed over time, and it will continue to influence the future course of currency. The concept of money has experienced evolution from Commodity
Occupational fraud is the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets. These are frauds are committed by individuals against the organizations that employ them.
n my last article, we understood the various risks involved in Cloud Audit. We discussed on Data Security Risks, Regulatory Risks, Backup Risks, Disaster Recovery Risks, Technology risks, Accountability Risks amongst others. One should also look
In my last article, we understood the fundamental concepts of cloud and how they are deployed. Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS) are essentially 3 of the most popular models of Cloud deployment. In this article, it is time to delve deeper
In my last article, we understood the different ITGCs, their objectives and typical areas of review for each of the ITGCs. This time around, it is time to explore a technology, which has largely been adopted by enterprises and is omni present and has made
In my last article, we understood the Basics of Auditing Automated Environment and the differences between IT General Controls and IT Application Controls. As understood, IT General Controls (ITGC) are controls that apply to all systems,
With increasing digitization and rapid adoption of technology, organizations have understood the need to enhance their cyber defenses, thanks to growing technology risks. This has resulted in organizations laying greater emphasis on their underlying Information and Technology Controls.
Artificial Intelligence (or AI for short) is the simulation of human intelligence by machines. Machine learning is a subset of artificial intelligence that can learn automatically through experience and exposure to data.
We humans are social animals. Our ability to organize ourselves into groups and work harmoniously together is argued to be one of the key factors that has made us the dominant species on Earth. Though may other animals are able to work
The digital data has ingrained itself as an integral part of modern business. It has transformed the way business is conducted and opened grand vistas. With opportunity however, comes responsibility.
In today’s era of digitization and automation, every business function is investing in transformation and upgradation. The pandemic and remote working requirements of today, has further accelerated the pace of this revolution.
In my earlier article, titled Using COBIT 2019 to Proactively Mitigate the Impact of COVID-19, I had given a perspective on how one can use COBIT 2019 to mitigate the challenges of COVID-19. In this article, we shall explore more into how best one can practically adapt it.
Artificial Intelligence, Blockchain, Cloud Computing, Cyber Security, Data Analytics, Internet of Everything, Robotic Process Automation are the new buzz words in today’s times and are the new ABCDEs of this era. With investments and valuations in these emerging technologies
The future of Jobs report 2020, by the World Economic Forum, reveals certain alarming information about the future of accounting jobs. “Data Entry Clerks”, “Accounting, Bookkeeping and Payroll Clerks”,