2018 Audit Committee Outlook

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Man and woman having a discussionToday’s businesses are transforming at an unparalleled rate of speed. Technological innovation, a changing workforce, and expansion into new markets are driving significant changes in corporate operations.

These changes in operations coincide with significant changes in financial rules that could lead to confusion for executives and directors. New tax laws, accounting rules, and risk strategies are challenging audit committee members to be more engaged than ever before. Our outlook will provide you a high-level review of current concerns facing audit committees in order to help you focus on areas that may need increased oversight.

At first glance, several provisions in the new tax law will affect many companies. These include the reduction of the corporate tax rate, elimination of the corporate alternative minimum tax, R&D credit changes, the Base Erosion Anti-Abuse Tax (BEAT), and other provisions. More information on the pivotal issues is provided in the following chapter on tax reform.

Download our 2018 Audit Committee Outlook to understand how recent and near-future developments impact corporate financial reporting and disclosure.