Technology has brought new risks and opportunities to companies, at the same time transforming their workflow, logistics and way of business. With this rising trend, EY Reporting has published an article to explore the importance of technology in the audit industry, specifically it’s impact on the audit committee.
As an expert of corporate governance and finance industry, as well as Audit Committee Chair of China Communications Construction Company, Dr. Maurice Ngai shared his views with EY that data analytic enables the committee to better understand why something has happened and seek the root of the problem in a more efficient manner. He also believes that digitalisation is inevitable and all finance leaders should embrace the digital disruption and prepare their teams for the challenges that come with it and understand how they can use big data in their decision-making.
