Weekly Wrap – 24th September 2015

Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

Use of Virtual Reality by the United Nations

I read recently that the United Nations is using virtual reality headsets to increase empathy amongst those that it is seeking to engage and ultimately donate to improve the lives of those less fortunate.

In reading the article it made me stop and think about the role of virtual reality in the world of risk and audit.

Now before you accuse me of making a quantum leap I wanted to raise three issues that we need to start considering in this area.

How Can We Use Virtual Reality?

One is why can’t we use virtual reality.  Many of the processes that we see are a consequence of observation.  But imagine if we could have some form of a translation of that experience to those that we are pointing out the deficiencies (i.e – the classical use of virtual reality).

How Can We Audit Virtual Reality?

The second thing is how does one audit an area that is increasingly using virtual reality to manage the risks in that area.

So the first thing we talked about was how we can use it and secondly how would we audit the area if others are using it.

What Are Our Education Needs?

And the third thing is – what are the professional organisations doing in this space to educate us about what is clearly an emerging and developing piece of technology. 

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