Singapore's CFOs most uncertain about data management & IT transformation: EY

SINGAPORE (Dec 4): Singapore’s chief financial officers (CFOs) appear to display the highest levels of uncertainty when it comes to managing data and implementing new technologies as compared to the global average, according to the latest report by EY Financial Accounting and Advisory Services (FAAS).

Entitled Can innovative corporate reporting build trust in a volatile world?, the annual survey drew the opinions of more than 1,000 CFOs or financial controllers of large organisations across 25 countries with revenue exceeding US$500 million – including over 40 participants from Singapore.

In particular, Singapore’s survey participants said that they found it either “very challenging” or “somewhat challenging” to actively manage data flows based upon different jurisdictions’ privacy laws to a larger extent (91% versus 85% globally).

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