Audit Committee Institute

ACI's Ten To-Do's for Audit Committees in 2012 Audit Committee Institute | Dec. 20, 2011 | Audit Committee In this fifth annual message to directors, KPMG's Audit Committee Institute highlighs 10 items for audit committees to keep in mind as they consider and carry out their 2012 agendas.

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Issues-In-Depth: 2011 AICPA National Conference on Current SEC and PCAOB Developments Financial Reporting Network | Dec. 14, 2011 | Accounting & Financial Reporting 2011 AICPA National Conference on Current SEC and PCAOB Developments

Prospect of Tax Reform Highlights Oversight Challenges Audit Committee Institute | Dec. 13, 2011 | Audit Committee Oversight of tax risk has become an increasingly important responsibility for audit committees in recent years. In this article, KPMG's Dennis Whalen and Hank Gutman share insights on how audit committees are carrying out their tax oversight responsibilities.

Disclosure Overload and Complexity: Hidden in Plain Sight Financial Reporting Network | Nov. 22, 2011 | Accounting & Financial Reporting This publication suggests that disclosure has increased significantly in volume and complexity. It poses a dilemma for smaller investors who may make suboptimal investment decisions due to their inability to absorb the volume and complexity of literature.

Where Does the Audit Committee Want to Spend More Agenda Time? Audit Committee Institute | Nov. 14, 2011 | Audit Committee As a barometer, audit committee agendas offer an important view -not only for directors but for management teams as well - of some of the critical issues that companies face in the current environment and in the months ahead. Even deeper insight can come from knowing where the audit committee wants to devote more of its agenda time.

KPMG's 2011 Public Company Audit Committee Member Survey Audit Committee Institute | Oct. 01, 2011 | Audit Committee Of the many issues on their plate, audit committee members say they want to devote more time over the next 12 months to IT risk and emerging technologies, risk management, corporate strategy, and the impact of public policy initiatives on the company's compliance, controls, and reporting. Growth and 'innovation risk' are also front-and-center.

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Social Media: Time for a Governance Framework Audit Committee Institute | Sept. 15, 2011 | Audit Committee Social media are no longer just social - these tools are commercial, and they are becoming a key element of business strategy. A key challenge for audit committees is helping to ensure that management has in place a social media governance framework.

Don't Forget the "Offensive" Side of IT Risk Audit Committee Institute | July 30, 2011 | Audit Committee "Offensive IT risk" - the failure to understand IT as a critical business driver and to leverage IT innovation as part of a company's strategy and business model - is just as important as "defensive" risks, like information privacy and security, cyber attack and outsourcing.

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