Financial reporting, compliance and the risk and internal control environment will continue to be put to the test in 2018.
Financial reporting, compliance and the risk and internal control environment will continue to be put to the test in 2018 – by slow growth and economic uncertainty, technology advances and business model disruption, cyber risk, greater regulatory scrutiny and investor demands for transparency, as well as dramatic political swings and policy changes in the US, UK and elsewhere. Focused, yet flexible agendas – exercising judgement about what does and does not belong on the committee’s agenda and when to take deep dives – will be critical. Drawing on insights from our recent survey work and interactions with audit committees and business leaders over the past 12 months, we’ve highlighted seven items in or report that audit committees should keep in mind as they consider and carry out their 2018 agendas.
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