Data Level Assurance - a new research study

In recent years, corporate reporting has evolved towards the reporting of data elements such as performance metrics, statistics and a variety of ad hoc measurements of business activities. There are indications that many users are replacing increasingly complex and cumbersome financial statements with the easier-to-understand data elements often reported on corporate websites or in news releases. Since users are relying on this information, some have questioned whether there is a need for assurance on the data being reported. In response, the Canadian Institute of Chartered Accountants (CICA) has published a research study, Data Level Assurance, to recommend solutions to data level assurance issues and to suggest a future course of action for the profession in this area.