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SCHAUMBURG, Ill.--(BUSINESS WIRE)--Blockchain can deliver rich benefits to enterprises, from decentralization to immutability, but it is important to remember that the technology is not one size fits all and can come with its own risk that needs to be managed, according to a new joint white paper from ISACA and AICPA & CIMA, Blockchain Risk: Considerations for Professionals. Developed by the ISACA-AICPA & CIMA Joint Blockchain Working Group, whose mission is to identify and document risk associated with private blockchains, Blockchain Risk documents describes and provides context around specific risk related to blockchain implementation and operation. It is organized by five key domainsgovernance, infrastructure, data, key management, and smart contracts. Many enterprises are eager to harness the power of blockchain to transform their businesses or operations, said Dustin Brewer, ISACA senior director, emerging technology and innovation, and member of the ISACA-AICPA & CIMA Joint Blockchain Working Group. While there are great benefits to using blockchain, practitioners should ensure they fully understand all types of risk to avoid potentially exposing their business to vulnerabilities, attack vectors or other issues before implementingor even retroactively, if needed. Blockchain Risk emphasizes that a broad array of practitionersfrom CPAs and IT auditors to cybersecurity professionals and those in management rolesshould gain an understanding of blockchain risks, including: It is important for any entity using blockchain technology to understand that there are unique risks in this space and it is imperative to identify those risks quickly, said Diana Krupica, CPA, AICPA & CIMA lead manager, emerging assurance technologies assurance and advisory innovation. Using a resource such as this risk matrix means entities will be alerted to issues in order to design the necessary processes and controls to mitigate such risks and enable success. The white paper also includes an extensive list of additional blockchain resources from ISACA and AICPA & CIMA, including ISACAs new Blockchain Framework and Guidance and Blockchain Preparation Audit Program, and AICPA& CIMAs Blockchain and Beyond Learning Programs and Blockchain Universal Glossary. To download a complimentary copy of Blockchain Risk, visit www.isaca.org/bookstore/bookstore-wht_papers-digital/whpbrc or https://future.aicpa.org/resources/download/blockchain-risk-considerations-for-professionals. Additionally, join online discussions around blockchain and other emerging technology topics within the ISACA Emerging Technologies Engage Community. About ISACA For more than 50 years, ISACA (www.isaca.org) has advanced the best talent, expertise and learning in technology. ISACA equips individuals with knowledge, credentials, education and community to progress their careers and transform their organizations, and enables enterprises to train and build quality teams. ISACA is a global professional association and learning organization that leverages the expertise of its more than 150,000 members who work in information security, governance, assurance, risk and privacy to drive innovation through technology. It has a presence in 188 countries, including more than 220 chapters worldwide. In 2020, ISACA launched One In Tech, a philanthropic foundation that supports IT education and career pathways for under-resourced, under-represented populations. Twitter: www.twitter.com/ISACANews LinkedIn: www.linkedin.com/company/isaca Facebook: www.facebook.com/ISACAGlobal Instagram: www.instagram.com/isacanews About AICPA & CIMA The Association of International Certified Professional Accountants (the Association) (www.aicpa.org) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power trust, opportunity and prosperity for people, businesses and economies worldwide. It represents 650,000 members and students across 179 countries and territories in public and management accounting, and advocates for the public interest and business sustainability on current and emerging issues. With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMAs and accounting and finance professionals globally. Twitter: www.twitter.com/AICPA LinkedIn: www.linkedin.com/company/aicpa/ Facebook: www.facebook.com/AICPA Instagram: www.instagram.com/theaicpa

Answer: New Resource from ISACA and AICPA & CIMA Helps Organizations Navigate Blockchain Risk Free guide outlines five risk categories accounting, auditing, and IT professionals should understand