Audit Committee Brief

December 2024

• Business transformation: Creating value through effective risk management and controls
• 2024 Audit Committee Transparency Barometer
• Auditor responsibilities for detecting, evaluating, and making communications about illegal acts
• Succession steps for readying the next CFO
• CAQ’s 2024 Audit Partner Pulse Survey results
• Harnessing tech to elevate third-party bribery, corruption risk management programs
• Audit committee communications
• New California law tweaks climate requirements, but not deadlines
  

November 2024

• Governing a relevant, effective, and valued internal audit function
• Quarterly accounting roundup: Third quarter 2024
• CFO succession: Time to jump-start a high-stakes process?
• California climate legislation update – Reporting deadlines remain unchanged
• Getting ambitious with ESG
• C-suite leaders brace for rise in deepfake financial fraud
• Governance of AI: A critical imperative for today’s boards
• CAQ Q3 survey on critical audit matters
• PCAOB observations from the target team’s 2023 inspections

October 2024

• Gain insight into leading audit committee practices
• PCAOB update on outreach activities related to generative artificial intelligence in audits and financial reporting
• Navigating the EU AI Act and the broader AI regulatory environment
• PCAOB releases publication on inspection observations related to auditor independence
• SEC staff clarifies considerations related to non-GAAP segment disclosures
• PCAOB releases publication on 2023 inspection activities
• Board oversight of culture
• Pulling on compliance threads to enhance sustainability efforts
  

September 2024

• Audit committee oversight in the age of Generative AI
• Managing enterprise risk
• The tech-forward boardroom: Fostering richer boardroom conversations on technology 
• Clarifications on FASB standards for derivatives, share-based payments, and crypto assets 
• Responding to short sellers

August 2024

• Spotlight: A comparison of industry-based audit committee views

• Quarterly accounting roundup: Second quarter 2024

• Fighting fraud: A shared responsibility

• Three ways to improve audit committee effectiveness

• Unpacking the double materiality assessment under the EU Corporate Sustainability Reporting Directive (CSRD)

• The exponential CFO: The CFO role isn’t just changing, it’s expanding

• Are boards overseeing AI?

July 2024

• Spotlight: Audit committee chairs and members—a comparison of their views
• PCAOB spotlight: 2023 conversations with audit committee chairs
• Highlights of recent PCAOB standard-setting and rulemaking activities
• Talent, compliance, and finance transformation in focus on audit committee agendas
• Third-party due diligence: 3 steps to evaluate bribery and corruption risk

June 2024

• Generative AI's potential to revolutionize finance
• Cybersecurity and ERM top audit committee agendas
• The legacy of audit committees
• Root cause analysis - An effective practice to drive audit quality
• 7 considerations for digital transformation in finance
• Take the Generative AI board governance survey
• PCAOB releases new auditing and quality control standards
  

May 2024

• Spotlight: Audit Committee Meeting Practices
• Aligning the disclosure committee in the era of disclosure
• Comprehensive analysis of the SEC’s landmark climate disclosure rule
• What’s on the radar in accounting and financial reporting developments?
• New regulatory tools to curb corporate misconduct: What to expect
• Beyond the numbers: The critical role of cybersecurity in M&A deals
  

April 2024

• Comprehensive analysis of the SEC’s landmark climate disclosure rule
• Internal audit: Uniquely positioned to lead on trust
• On the board’s agenda: Questioning technology governance orthodoxy
• Quarterly accounting roundup: First quarter in review 2024
• Reporting spotlight: Disclosure trends from the 2023 reporting season

March 2024

• Audit Committee Practices Report: Common Threads Across Audit Committees
• SEC’s landmark climate disclosure rule
• An investor protection call for a commitment to professional skepticism and audit quality
• On the Radar: Greenhouse Gas Protocol reporting considerations
• SEC issues final rule related to SPACs, shell companies, and projections

February 2024

• PCAOB staff priorities for 2024 inspections and interactions with audit committees
• 4Q 2023 CFO Signals™ survey details CFOs’ expectations for 2024 and audit committee priorities
• SEC cybersecurity disclosure rule: Updates and guidance
• Update on California’s climate legislation
• Quarterly accounting roundup: 2023 year in review
• Highlights of the 2023 AICPA & CIMA conference on current SEC and PCAOB developments
• 2024 Global Internal Audit Standards

January 2024

• Looking ahead – The audit committee agenda in 2024
• Artificial intelligence: An emerging oversight responsibility for audit committees?
• Executive compensation in the boardroom
• On the Radar: Share-based awards
• FASB approves changing US GAAP presentation and disclosure requirements if related SEC regulations are removed
• AI in corporate boardrooms
• CAQ analyzes comment letters on PCAOB NOCLAR proposal
• FASB issues new segment reporting guidance
• 2023 Audit Committee Transparency Barometer released