As risk, compliance, and governance were prominent topics in 2022, firms can expect the same, if not more, emphasis on these elements in 2023.
As a high-level overview, firms will need to place emphasis on ESG factors and expand toward risk management strategies in the new year. Audit teams will need to expand risk management to factor in geopolitical and macroeconomic uncertainty, and governance boards will require a holistic view of risks across all of their facets and sectors. Additionally, given the highly digitalized landscape, companies face exposure to cyber-attacks and will need to take action to mitigate data breeches, identity theft, and malware.
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