From the 2009 TECH+ Conference, Rob Fisher, CPA.CITP, assistant vice president of accounting operations and finance systems at Kansas City Life Insurance, provides insight on the potential risk an organization faces when there is an existence of a lack of proper internal controls for data quality and data auditability. An organization is at risk for its data being corrupted, changed, lost or otherwise invalidated when it is moved from one system to another to feed business reporting systems. Rob outlines the key controls required to maintain data quality (completeness, accuracy and integrity) when integrating data from multiple systems for internal or external business reports. This session also introduces the concept of data auditability, or the ability to trace information shown on a report back to its source transactional systems, a key requirement in today's compliance landscape. A video of the presentation and accompanying slides are available online.
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