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Technology + data are biggest challenges for financial reporting

Technology + data are biggest challenges for financial reporting

Financial reporting is getting harder because CFOs are struggling with huge volumes of data and are held back by outdated legacy systems, according to a report by EY.

EY Financial Accounting and Advisory Services (FAAS) found that 66 per cent of respondents said large amounts of data is having a “significant impact” on the effectiveness of corporate reporting. This is an increase from 2015, when 57 per cent said the same.

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