Saudi Arabia has undergone a remarkable transformation in recent years, fueled by Vision 2030. We are publishing the inaugural Saudi Economy Watch at this midpoint, between the vision’s launch in 2016 and its target date. This article adds to our ongoing Middle East Economy Watch …

The expanding scope of internal audits in the realm of robotics and artificial intelligence (AI) reflects the growing impact of these technologies on business processes. Auditors now grapple with the complex task of assessing a range of risks, including data security and privacy, algorithm bias, …

Robotic Process Automation (RPA) is a transformative technology that leverages software robots to automate repetitive, rule-based tasks across different sectors. This innovative approach has several compelling advantages, including heightened operational efficiency, substantial cost savings, reduced errors, and greater scalability. Industries such as finance, healthcare, manufacturing, …

Middle-market organizations are under increasing pressure to optimize their financial operations in today’s ever-changing business landscape. Many businesses are turning to experienced accounting firms for financial outsourcing in order to improve efficiency and maintain a competitive edge. However, in order for the partnership to be …

In today’s fast-paced and interconnected world, trust and transparency are paramount in maintaining the integrity of any organization. Whether it’s a multinational corporation, a non-profit organization, or a government agency, stakeholders, including shareholders, customers, and the public, rely on accurate and reliable financial information. This …

In today’s world, sustainability has become more than just a buzzword; it’s a global imperative. Governments around the world are increasingly recognizing the importance of addressing environmental, social, and economic challenges to secure a better future for all. As a social media coordinator working for …

A company encounters various challenges, one of which stands out as a distinguishing factor in the business world: the implementation of measures aimed at enhancing organizational efficiency and fostering greater transparency in the eyes of the market, partners, investors, employees, and other stakeholders. In the …

Roughly 68% of consumers in the MENA region have indicated a shift in their consumption values. Merely 9% intend to revert to their previous spending habits. Notably, 29% of MENA consumers prioritize the well-being of their families during shopping. For businesses to secure their future …

External consultants with non-legal expertise are no longer sufficient: more professionals are hired to assist lawyers with M&A, generational transitions, and sustainability plans. – Written by Massimiliano Carbonaro   Provide increasingly specialized advice to customers, bridge the technical gap that may exist in many cases …

1_5_197611_summary_impact_asse_dir_ai_en.pdf (europa.eu)

According to Miliband, “global hazards are crashing into the boardrooms and executive suites of every corporation worldwide.” You have a nationalization of resilience but a globalization of risk. You have an unstable geopolitical order as well as a globalization order. Petraeus succinctly described how this …

Digital twins are regarded as a new starting point for today’s smart city development. This paper defines digital twins and digital twin cities, discusses the relationship between digital twins and smart cities, analyzes the characteristics of digital twin-based smart cities, and focuses on the five …

A growing shortage of accountants is causing an increasing number of businesses to raise salaries or seek temporary help to strengthen their finance teams as the economy slows. Many employers have struggled to find qualified workers over the last decade, a challenge exacerbated by a …

More than 300,000 accountants and auditors in the United States have left their jobs in the last two years, a 17% decrease, and the dwindling number of college students entering the field cannot fill the void. The exodus is being driven by more profound workplace …

Green finance refers to any structured financial activity – a product or service – designed to produce a better environmental outcome. It includes a variety of loans, debt mechanisms, and investments used to encourage the development of green projects or to reduce the environmental impact …

The German parliament passed the Supply Chain Due Diligence Act, also known as the Supply Chain Act, on June 11th, 2021. The new German Supply Chain Act, which takes effect on January 1, 2023, focuses on human rights issues while also taking into account environmental …

Before we get into the specifics, consider this: why would you use the DCF-method to value a startup? The main advantage of the DCF-method is that it values a company based on its future performance. In other words, it’s ideal for a startup that hasn’t …

Cybersecurity is the practice of protecting critical systems and sensitive data from cyberattacks. Cybersecurity, also known as information technology (IT) security, is designed to combat threats to networked systems and applications that originate within or outside of an organization.   The global average cost of …

Business Process Outsourcing (BPO) Business process outsourcing (BPO) is a method of subcontracting various business-related operations to third-party vendors. Although BPO originally applied solely to manufacturing entities, such as soft drink manufacturers that outsourced large segments of their supply chains, BPO now applies to the …

  What is Business Process Outsourcing? Employing a third party to carry out tasks that your firm requires to run is known as business process outsourcing (BPO). In essence, your business would contract with a third party organization like RDI Connect to carry out critical …

Public Sector The public sector is the area of the economy that is made up of all tiers of government and businesses that are under government control. It excludes private businesses. The public sector is typically made up of businesses run and owned by the …

Legacy succession planning   Legacy planning is a financial strategy in which people plan to leave their assets to a loved one or next of kin after they die. A financial advisor is usually in charge of planning and organizing these events. Before a person …

Blockchain cryptocurrency is essentially a digital asset designed to function as a medium of exchange. Unlike physical currencies, blockchain cryptocurrency operates on digital channels and frequently employs strong cryptography to secure online financial transactions. These cryptographs or encryption layers can also be used to control …

NFTs are crucial to the Metaverse   Metaverse’s economy will be based on digital assets, including NFTs. Unique assets known as NFTs are kept on a blockchain like Ethereum, Polygon, or Solana. They act as verifiable deeds to real estate that only exists online. They …

  Would USDT become Dominant Globally? Tether is the world’s third-largest cryptocurrency by market value. And it’s disturbed some economists, including a Federal Reserve official in the United States. According to its website, Tether (USDT) is a stablecoin that is tied to the U.S. dollar …

  What is Digital Currency?   For many of us, money is recognized as actual, legal tender in the form of cash. However, the trend toward digital currency that is so popular today started with Bitcoin in early 2010. However, this form of money is …

What is Fintech (Financial Technology)?   The words “financial” and “technology” are combined to form the term “fintech.” Despite being a general phrase with a variety of meanings, it generally refers to the development of an industry when new technology use-cases are created and implemented …

A trend is the overall course of a market or an asset’s price. In technical analysis, trends are recognized by trend lines or price action that show when the price is making higher swing highs and higher swing lows for an uptrend or lower swing …

Banking sector audit   The banking industry is currently in the eye of the storm, bearing the weight of its shareholders, employees, and customers while allowing government stimulus packages to flow freely.   Banking institutions have had to alter their operations as the epidemic continues …

Artificial intelligence (AI) is an assortment of strategies and advances with sub-spaces that can be utilized in an assortment of conditions. Investment management organizations’ working environments are changing, with technology advancements and shifting investor demands at the forefront. While there is no single, globally accepted …

It is the goal of robotics and intelligent automation to provide a holistic view of automation, process, and service improvement. It’s about re-imagining how front, middle, and back office operations can be modified to match evolving consumer expectations, rather than looking at how particular technologies …

Artificial intelligence (AI) is a collection of methodologies and technologies with sub-domains that can be used in a variety of circumstances. “Technology is implemented,” we like to say. Bots are created. However, AI is used.” At least not yet. Value from AI does not come …

In today’s business world, digitization has shown to be almost necessary for success. It occurs when a company begins to use digital technologies to alter its business model and create new value-generating opportunities. It’s sometimes confused with digital transformation or digitization, but the two are …

Organizations must realize the changes that have occurred in the globe in the wake of today’s epidemic. They must then develop resilience and methods to deal with the changes. Launching and scaling a solid technology foundation is vital for creating operational agility and overall resilience, …

Reputation risk is a comparative risk theory. Essentially, reputation risks involve comparisons and evaluations of firms and individuals that might influence consumers’ decisions to do business with them. Consumers are willing to pay money for information that tends to be good (although not always 100% …

Financial crime is perhaps the greatest difficulty confronting enterprises today. It is described by complex between availability and it isn’t characterized by topography, industry, or the sort of association. The tremendous hierarchical intricacy of worldwide enterprises expands threat of financial crime essentially by ideals of …

Businesses that enter into cloud computing arrangements have to consider the acceptable accounting treatment for the prices incurred. Cloud computing has become increasingly popular in recent years as companies have explored efficient and secure ways to store, manage and process their data. This type of arrangement is predicated on remote server networks, usually accessed over the …

COVID-19 has affected both countries and corporations unevenly. Some businesses have even benefited from the pandemic as existing trends, like online shopping, have accelerated or because spending patterns shifted towards consumption at home. However, most companies have seen their businesses disrupted by the interruption of operations, dwindling demand, the value of mitigating …

Moores Rowland and IFRS   The accounting standards are recognized internationally as one of the key building blocks that define business transactions. However, Accounting standards can be interpreted to mean different things even in the same country by different companies, leading to unnecessary complexity and …

As threats evolve, an integrated and proactive framework of countermeasures will help build trust and reduce risk. Up to $3.5 trillion annually – that’s how much financial crime costs the globe. That’s over the Gross Domestic Product (GDP) of the United Kingdom. And financial crime takes an individual’s toll. People suffer. They lose savings, jobs, …

Small and medium-sized companies worldwide are doing a digital revolution. It is accelerating at an unprecedented pace as business owners invest in data analytics and automation to survive and thrive in the fiercely challenging environment that we are currently living. Hard-pressed SMEs are adopting digital …

Acknowledge, why virtual command centers are fundamental to further developing FIs’ functional flexibility and business coherence inside the post corona virus world.COVID-19 has exposed systematic shortcomings within legacy command centers and control systems to support economic institutions’ business continuity efforts (FIs) during times of crisis. Many didn’t meet …

Mission Moores Rowland Mission is to enable its members support businesses with the highest professional standards in a practical and straight forward approach taking into consideration compliance with applied laws and regulation with commercial norms wherever it is needed. We make sure our clients are directly …

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