Perspectives

Audit Committee Brief

A periodic publication that provides audit committee members with recommendations, overviews of corporate governance resources, regulatory and legislative environment outlooks, and technical updates.

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Latest editions

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

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

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

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

January 2018

This issue revisits 2017 developments that should remain points of focus for audit committees in the new year:

  • Tax reform
  • The PCAOB’s new auditor reporting model
  • Adoption of the new GAAP standards
    • Leasing standard, ASU 2016-02
    • Revenue standard, ASC 606
    • Financial instruments – credit losses, ASU 2016-13
  • Risk oversight
  • Increased audit committee disclosure
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