New Reporting Requirements on Digital issues: What impacts for the auditors’ selection?

Boards and their supervisors are confronted with new responsibilities and challenges regarding compliance and managing digital risks, including related internal and external reporting. With the introduction of new digital related EU legislations (like DORA, NIS2, CSA, DSA, DMA and the AI Act), the requirements for reporting on digital risks and related assurance have heavily increased.

The common rationale behind these legislations is to protect our society and economy from new risks spreading from the use of connected or shared information technology. Interconnected digital systems introduce risks at individual business level, for business’ ecosystems and in, a broader perspective, at macro-economic and societal levels – the so-called systemic risks. These require new approaches for risk management and increased scrutiny from stakeholders, including clients, users and regulators. The availability of an assurance report on digital risks management is a market requirement, and a work in progress.

In this webinar, Jan Matto and Petra Terasaho will discuss how boards can address these new challenges and the impact on the choice of the (IT) auditors involved.