California CPA May 2023 | Page 7

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news & trends
“ Accounting and financial data is the lifeblood of organizational operations — and often meant to be kept confidential outside of highly regulated public disclosures for publicly traded organizations . While there may not have been much need for accounting , finance and cyber teams to work closely in the past , recent years have shown that ’ s no longer the case .”
– Temano Shurland , principal , Deloitte Risk & Financial Advisory

Planning for the Inevitable ?

When it comes to cyber events targeting their organizations ’ accounting and financial data , executives said :
49 % expect the number and size of cyber events targeting their organizations ’ accounting and financial data to increase in the year ahead .
35 % report that their organizations ’ accounting and financial data was targeted by cyber adversaries .
20 % say their organizations ’ accounting and finance teams work closely and consistently with their peers in cybersecurity .
– Deloitte Center for Controllership
THE numbers

50 %

The number of Americans who say they are financially worse compared to a year ago .
– Gallup

$ 2,690

The amount the average American household spends on real-estate property taxes each year .
– WalletHub

1 / 3

The number of workers who said they are using AI for work-related tasks .
– Fishbowl

45 %

The number of Millennials and Gen X consumers who have credit card debt that exceeds their savings or emergency funds .
– Bankrate

$ 16.9T

Total U . S . household debt .
– New York Federal Reserve Bank

67 %

The number of workers who said they would take a pay cut rather than return to the office to work .
– IWG www . calcpa . org MAY 2023 CALIFORNIA CPA 5