The audit committee has the driver's seat when it comes to overseeing the integrity of the financial reporting process, the external audit process and the external auditor. Audit committee members need to know what to expect around the bend, with requires knowledge of the audit planning process and understanding of how auditors consider management assertions contained in the financial statements. They also appoint, compensate and oversee the work of the company’s registered public accounting firm. Planning the external audit, the final issue of The audit committee guide series, offers a practical, step-by-step guide to the audit planning process, from judging materiality to evaluating the final plan. Read more>>
Today’s companies need to strike the right balance of reason and instinct in order to grow successfully. Find out how to unlock your company’s potential.
Sharing online information with a third party is now standard practice in the business world. But, when data is moved out of an organization's protected infrastructure, a degree of control is lost.
Internal auditors may be unfamiliar with new technologies, and the usual approach to risk assessment does not transfer well to evaluating risks inherent in emerging technologies.
