Audit Committee Brief

Overview of 2018 newsletters

Audit Committee Brief is Deloitte's publication for audit committee members. It provides recommendations, overviews of corporate governance resources, regulatory and legislative environment outlooks and technical updates.

December 2018

  • Emerging technologies: An oversight tool for audit committees
  • Highlights of the 2018 AICPA Conference on Current SEC and PCAOB Developments
  • 2019 SEC and other regulatory priorities
  • Lessons learned and questions to consider on critical audit matters
  • Overseeing internal audit: The role of the audit committee
  • SEC chair outlines 2019 regulatory priorities 
  • PCAOB Standing Advisory Group Meeting summary
December 2018

November 2018

  • CAQ releases 2018 audit committee transparency barometer
  • PCAOB enhanced audit committee engagement
  • Cyber threat considerations related to implementation of internal accounting controls
  • Revenue recognition implementation far from over
  • Some answers to lease transition questions
  • FASB discusses improvements to guidance on credit losses
November 2018

October 2018

  • The CFO and the Audit Committee: A View From Both Sides
  • Investors have much confidence in independent audit committees, says survey
  • Risk Oversight and the Role of the Board
  • Using the AICPA’s Cybersecurity Framework to Convey Cyber Preparedness
  • Quarterly Accounting Roundup: Third quarter - 2018
  • Study notes half of internal audit processes lack cyber risk assessment
  • SEC comments reflect registrants’ efforts to implement ASC 606
  • SEC clarifies interim stockholders’ equity and effective date requirements
October 2018 issue

September 2018

  • SEC issues final rule to update and simplify disclosure requirements
  • Readiness for the new leases standards
  • Frequently asked questions about tax reform
  • Quarterly earnings reports at center of debate
  • Updated guidance on the auditor’s report
  • FASB amends guidance on cloud computing arrangements
  • FASB amends disclosure of fair-value measurements
September 2018 issue

August 2018

  • Center for Audit Quality publishes resource on critical audit matters
  • SEC to host roundtable on the proxy process
  • Research shows that boards can foster an ethical culture
  • Complying with new accounting standards with consistency
  • PCAOB seeks comment on its strategic plan
  • SEC proposes disclosure simplification and relief related to guarantors and collateralizations of securities
  • FASB releases targeted improvements to ASC 842
August 2018 issue

July 2018

  • Audit committee disclosure in proxy statements — 2018 trends
  • ASC 606 is here — How do your revenue disclosures stack up?
  • SEC expands eligibility for “smaller reporting company” classification
  • SEC proposes amendments to whistleblower rules
  • FASB simplifies the accounting for share-based payment arrangements with nonemployees
  • Quarterly Accounting Roundup: Second quarter — 2018
July 2018 issue

June 2018

  • A summary of the PCAOB’s Standing Advisory Group June meeting
  • SEC chief accountant discusses financial reporting and innovation
  • PCAOB transitions for the future
  • On the Board’s Agenda: Industry 4.0
  • FASB discusses improvements to related-party guidance for variable interest entities
June 2018 issue

May 2018

  • Cybersecurity Risk Management Oversight: A Tool for Board Members
  • Boards: Understand the Rules for Ethics and Compliance Oversight
  • SEC Chief Accountant addresses financial reporting conference
  • Global report seeks input on good practices for audit committees supporting audit quality
  • What private companies should know about the new revenue recognition standard
  • SEC publishes graphs illustrating financial reporting structure for public issuers
  • SEC proposes amendments to auditor independence rules
May 2018 issue

April 2018

  • Deloitte updates its Audit Committee Resource Guide
  • Preparing for the Leases Accounting Standard: A Tool for Audit Committees
  • Talking to leaders, boards and investors about tax reform
  • Corporate culture risk and the board
  • SEC staff updates C&DIs on non-GAAP financial measures
  • A discussion on hedge accounting
April 2018 issue

March 2018

  • CAQ releases roadmap for audit committees on non-GAAP measures
  • In the Spirit of Full Cybersecurity Disclosure
  • Justifying judgment when recognizing revenue
  • Tax and accounting highlights: Limitations on excessive employee compensation
  • FASB discusses feedback on proposed targeted improvements to the new leasing standard
  • FASB issues proposed ASU on cloud computing arrangements
March 2018 issue

February 2018

  • Year in review — 2017
  • Observations by early adopters of the new revenue standard
  • Valuation allowance considerations related to tax reform
  • The Auditor of the Future Isn’t Who You Think
  • FASB proposes income tax guidance related to new tax reform law 
  • FASB discusses improvements to guidance on leases
February 2018 issue

January 2018

  • Tax reform
  • The PCAOB’s new auditor reporting model
  • Adoption of new GAAP standards
  • Risk oversight
  • Increased audit committee disclosure
January 2018 issue
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