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FinExpertiza 2nd Annual Conference

HCA participates in the second annual conference of FinExpertiza network on Digital Transformation in the Financial Industry. 

Representatives of member firms from 12 countries around the world discussed FinExpertiza network mission and strategy in the digital and information era. 

According to Ilgiz Baymuratov, General Director of FinExpertiza network, the role of the auditor is changing. "When financial professionals gain access to electronic mass data and use automation solutions for advanced analytics, they can focus on the functions that require professional judgment. If a "traditional" audit has a retrospect focus, i.e. has to say what has happened, then a "digital" audit also implies forecasting, apply scenario analysis, predict market trends and offer an adaptation strategy. Digital means open the door to Root-Cause Analysis (RCA), sort of error correction to find causes of mistakes and errors." 

 Digital Economics, Cybersecurity, and the experience and practice of Audit automation were among the key topics of the conference which had special guests from the Russian Embassy in Serbia, the Russian Trade Representation in Serbia, the Serbian Finance Ministry, the Serbian Audit Chamber, and Positive Technologies the leading cybersecurity firm.