The following information was provided by CPA Canada, and will be relevant for those interested in securing high-quality data and establishing systems and controls for their organization. For more information, visit cpacanada.ca.
For organizations to be successful in their digital transformation journey, they must ensure they are using high-quality and trustworthy data. Organizations face financial risks if they are using sub-par datasets or algorithms.
CPA Canada has developed a paper, Creating high-quality data to reach your digital transformation goals, to share insights on how CPAs can ensure their organizations’ datasets meet quality requirements and provide tips on how to establish data-quality systems and controls.
The paper covers:
- The risks of using low-quality data
- Starting your organization’s digital journey
- Data collection and preparation
- Data cleansing, labelling, and annotation
- Accuracy, quality control, and grading
