Economy
New Accounting Standard Is a Test for the Board, Not Just for Auditors
In recent years, the board's perceived responsibility has expanded, and directors are required to understand cyber risks, artificial intelligence, sustainability and regulation, and know how to ask good questions. The new accounting standard, IFRS 18, can serve as a test for relationships between the board, management, the auditor and investors.
· Source: TheMarker. Photo as published in the article
In recent years, the board's perceived responsibility has expanded, and directors are required to understand cyber risks, artificial intelligence, sustainability and regulation, and know how to ask good questions. The new accounting standard, IFRS 18, can serve as a test for relationships between the board, management, the auditor and investors.
