Audit Committee Brief

January 2023

• Deloitte and CAQ launch the 2023 Audit Committee Practices Report: Priorities and Committee Composition

• Sustainability action report: Survey findings on ESG disclosure and preparedness

• Accounting and financial reporting considerations related to the current macroeconomic and geopolitical environment

• Audit Committee: The Kitchen Sink of the Board

• PCAOB staff spotlights 2021 inspection observations

November 2022

This edition covers the following topics:

• Cybersecurity in an era of escalating risk and regulatory focus

• Board Practices Quarterly: Back to basics–Board education and evaluations

• How audit committees can support a drive to integrated ERM

• Board committees evolve with shifting agendas

• Environmental credits: Accounting and reporting considerations

October 2022

This edition covers the following topics:

• SEC staff statement on auditor independence and audit firm restructuring

• On the board’s agenda| US: In M&A, how can boards help companies avoid the synergy trap?

• SEC final rule on pay versus performance

• Reset M&A strategy

• CFO of the future

September 2022

This edition covers the following topics:

• Deloitte launches new Audit Committee Guide

• Audit committee practices survey

• SEC adopts disclosure rules on pay versus performance

• Board’s role in cybersecurity amid escalating risk, regulatory focus

• 7 steps, 7 questions to prepare for climate disclosure

August 2022

This edition covers the following topics:

• SEC adopts amendments governing proxy advice
• CAQ audit partner survey signals observations on economy, climate
• 5 steps to help transition to accountable sustainability
  
• Controllers can help with climate disclosure reporting
• How financial discipline could help raise performance
• CFOs can help reshape supply chains

July 2022

This edition covers the following topics:

• ESG disclosures become more standardized globally
• The SEC and auditor independence
• New accounting rules top quarterly roundup
• Internal auditors can help foster a diverse culture
• Survey seeks leaders’ perspectives on workforce risk

June 2022

This edition covers the following topics:

• Shaping the board’s strategic direction on climate
• How prepared are companies for enhanced climate disclosures?
• Helping executives prepare for inflation
• SEC’s sample letter on disclosures regarding Russia, Ukraine, supply chain
• SEC extends the comment period for climate-related disclosure proposal

May 2022

This edition covers the following topics:

• Comprehensive analysis of the SEC’s proposed rule on climate disclosure
• CFO SignalsTM: 1Q 2022
• SEC proposes cybersecurity disclosure rules
• Board practices reflect the pandemic’s long-term effects
• SEC guidance addresses obligations to safeguard crypto-assets

April 2022

This edition covers the following topics:

• SEC Proposes New Requirements for Cybersecurity Disclosures
• SEC proposes rule on climate disclosure requirements
• Assessing Accounting Impacts from the Russia-Ukraine War
• ESG executive survey: Preparing for high-quality disclosures
• Board Practices Quarterly | Back to basics: Board meetings

March 2022

This edition covers the following topics:

• 2022 Audit Committee Agenda
• Build a platform for Managing and reporting on ESG
• Global Survey: The Board Frontier series 
• Change coming to Board’s ESG Governance
• SEC proposed changes to the whistle-blower program rules and proposes amendments to modernize reporting of beneficial ownership
  
  

February 2022

This edition covers the following topics:

• On the audit committee’s agenda | What’s on the horizon for 2022
• Global survey: The Audit Committee Frontier series
• Financial reporting considerations for ESG and climate reporting
• CFO Signals™: 4Q 2021
  
• The SEC’s acting chief accountant addresses financial reporting in a complex environment
   

January 2022

This edition covers the following topics:

• Audit committees challenged by increased complexity, “scope creep”: Inaugural Deloitte and CAQ Audit Committee Practices Survey
• On the audit committee’s agenda | Navigating the ESG journey in 2022 and beyond