July 20199 commit. The truth is that technology is a slave of its user and innovation is at everyone's disposal. It helps criminals as much as it aids people who are actively fighting crime or trying to stay clear of crime. There is an inevitable need to understand how the changes brought by the new digital age affects our companies in terms of our vulnerabilities and potential threats.The risk-return trade-off today, in light of new opportunities is more interesting than ever. Against this challenging backdrop, the dynamics of demand have changed. Strategic stakeholders expect more frequent and transparent information about the risks and opportunities that lie ahead. In times like this, an organization's intrinsic strength plays a role. Where does this strength stem from? The answer is robust corporate governance frameworks which encourage sound business judgments via collective intelligence, collaboration and effective implementation of risk mitigation frameworks. Our internal control frameworks need to incorporate the power of technology to be able to fight threats that are not only complex but are evolving by the day. The power of digitization is profound, if embraced correctly. For companies riding this wave of digitization, if the emerging threats are not handled with due care, the consequences could be devastating. The new age CFO adopts automation to improve business processes but at the same time carefully assesses his organizations' vulnerabilities in light of its digital footprint. Closing words:A CFO's office has always been associated with the integrity of the numbers. People believe the story we tell. Our story needs to make "sense", a story that not only contains elements of growth and wealth creation, but also an assurance on the steps we take to protect ourselves from the risks that come with the uncertain business landscape. Like the famous quote goes "Heroes are made by the paths they choose, not the powers they are graced with". It's the character and the responsibility that makes one a superhero. Digital transformation empowers us with speed, automation and artificial intelligence but cannot replace human values and intuition. A sound CFO does not rely blindly on data, but consciously applies common sense to everything that comes his way. Data is after all, just facts and facts can presented in ways that can twist the truth. As custodians of the financial statements we communicate with stakeholders via numbers, a universal language that everyone understands. It's the collective responsibility of the company's management board to ensure that the story behind the numbers is sound and can be trusted. IN THIS INFORMATION AGE, THERE IS AN UNDERSTANDABLE NEED TO OPERATE WITH SPEED AND EFFICIENCY ALONG WITH INTELLECTUAL PROWESS
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