How To Develop Your Skill For Great Success And Happiness Including Become CPA? | Additional special tips From Admin
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A new risk matrix for blockchain implementation
The AICPA & CIMA have partnered with ISACA to release a new joint publication that identifies risks organizations should consider when evaluating whether to implement blockchain technology.
In a white paper titled Blockchain Risk: Considerations for Professionals, the ISACA-AICPA & CIMA Joint Blockchain Working Group documents, describes, and provides context around specific risk related to blockchain implementation and operation. The risks are categorized into five key domains — governance, infrastructure, data, key management, and smart contracts.
“Many enterprises are eager to harness the power of blockchain to transform their businesses or operations,” said Dustin Brewer, ISACA senior director, emerging technology and innovation, and a member of the ISACA-AICPA & CIMA Joint Blockchain Working Group, which focuses on identifying and documenting risk associated with private blockchains.
“While there are great benefits to using blockchain, practitioners should ensure they fully understand all types of risk to avoid potentially exposing their business to vulnerabilities, attack vectors, or other issues before implementing — or even retroactively, if needed.”
Organized as a risk matrix, the publication emphasizes that a broad array of practitioners — from CPAs and IT auditors to cybersecurity professionals and those in management roles — should gain an understanding of blockchain risks, including:
“It is important for any entity using blockchain technology to understand that there are unique risks in this space, and it is imperative to identify those risks quickly,” said Diana Krupica, CPA, AICPA & CIMA lead manager–Emerging Assurance Technologies, Assurance and Advisory Innovation. “Using a resource such as this risk matrix means entities will be alerted to issues in order to design the necessary processes and controls to mitigate such risks and enable success.”
To download a complimentary copy of Blockchain Risk, visit isaca.org/bookstore/bookstore-wht_papers-digital/whpbrc or future.aicpa.org/resources/download/blockchain-risk-considerations-for-professionals. Additionally, join online discussions around blockchain and other emerging technology topics within the ISACA Emerging Technologies Engage Community.
— Jeff Drew (jeff.drew@aicpa-cima.com) is a JofA senior editor.
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A note for you if you pursue CPA licence, KEEP PRACTICE with the MANY WONDER HELPS I showed you. Make sure to check your works after solving simulations. If a Cashflow statement or your consolidation statement is balanced, you know you pass right after sitting for the exams. I hope my information are great and helpful. Implement them. They worked for me. Hey.... turn gray hair to black also guys. Do not forget HEALTH?
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