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How GenAI is transforming ESG reporting and compliance

ThomsonReuters

Highlights: Growing importance and data demands of ESG : The increasing significance of ESG compliance is overwhelming teams with expanding data demands and regulatory scrutiny. It takes considerable resources (time, money, human capital) to collect, store, and analyze the increasingly large amounts of data that ESG compliance requires.

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Empowering Corporate Compliance Functions in a Post-Pandemic Environment

Harvard Corporate Governance

The US Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC) have issued a number of policy updates and public pronouncements over the last several months, emphasizing the importance of empowered and accountable corporate compliance programs. Ensure compliance has the resources to do its job. more…).

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Board Practices: Artificial intelligence

Harvard Corporate Governance

Artificial intelligence (AI), the use of technology to execute or simulate processes that would otherwise require human intelligence, is not new. As companies continue to explore and invest in AI, they also are tasked with considering numerous business implications, such as ethics, compliance, and regulatory processes; risks (e.g.,

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How technology has impacted accounting—from compliance to strategy

ThomsonReuters

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. How has accounting changed with technology? Automation. The result?

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Maximizing tax department efficiency: The case for higher technology budgets

ThomsonReuters

The 2024 State of the Corporate Tax Department report by Thomson Reuters Institute highlights these pressing issues, making a compelling argument for increasing technology budgets to unlock new levels of efficiency and strategic value. Currently, only a small fraction of the average tax department’s budget is dedicated to technology.

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SEC Risk Factors Disclosure Analysis

Harvard Corporate Governance

Opportunities remain to better align external risk reporting with internal risk management and reporting processes, improve the readability and categorization of risks, and make disclosures less generic.

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Using Data Analytics and Artificial Intelligence for Public Disclosures

Harvard Corporate Governance

Data analytics technology has now matured to a point where companies should consider how to harness it for enhancing compliance around their corporate financial and sustainability disclosures. Danilack, Frances Waldmann , Chris Rosina , and Samantha Yi.