Jnet is the bilingual newsletter of KPMG's U.S. Japanese Practice. Published since 1997, Jnet is issued quarterly to update you on audit, accounting, tax, and other business issues relevant to Japanese companies operating in the United States.
Drawing on interactions with corporate directors and business leaders over the past year as well as insights from recent surveys, the KPMG Board Leadership Center has highlighted critical issues for corporate board members, audit committee members, and private company directors to keep in mind as they consider and carry out their 2017 agendas.
The audit profession and the organizations they serve recognize that a data tsunami is on its way, with today’s consumers and businesses producing more data in a year than prior generations produced in their lifetime. With the digitization of our society and our lives, everything creates data. As a result, the auditing profession must develop and deploy advanced technologies to harness this explosion of data, and unleash the insights embedded within it, in order to advance audit quality and provide a deeper understanding of business and financial reporting risks, processes and controls.
Deep learning, an advanced form of artificial intelligence and dynamic way of computerized decision-making, is driving significant change for autonomous cars and for the automotive and transportation industry. In fact, a new KPMG report projects that by 2030 a new mobility services segment tied to products and services related to autonomy, mobility, and connectivity will be worth well over $1 trillion globally.
In this section, we provide brief updates on regulatory developments in auditing and accounting that may impact Japanese companies in the United States.
In this section of Jnet, we provide brief updates on legislative, judicial, and administrative developments in tax that may impact Japanese companies operating in the United States.
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