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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September 2022

  • Deloitte launches new Audit Committee Guide
  • Audit committee practices survey
  • PCAOB publishes a resource for audit committee members
  • SEC adopts disclosure rules on pay versus performance
  • PCAOB signs a statement of protocol with China over inspections
  • PCAOB publishes observations from target team 2021 inspections
  • Board’s role in cybersecurity amid escalating risk, regulatory focus
  • 7 steps, 7 questions to prepare for climate disclosure

August 2022

  • SEC adopts amendments governing proxy advice
  • SEC proposes amendments on shareholder proposals in proxies
  • 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

  • On the audit committee’s agenda | Emerging fraud risks to consider: ESG
  • ESG disclosures become more standardized globally
  • On the board’s agenda | US: A new chapter in cyber
  • PCAOB staff spotlights 2022 inspection plans
  • The SEC and auditor independence
  • PCAOB issues a standard on the auditor’s use of other auditors
  • New accounting rules top quarterly roundup
  • Accounting for nonfungible tokens
  • Internal auditors can help foster a diverse culture
  • Survey seeks leaders’ perspectives on workforce risk

June 2022

  • On the board’s agenda | US: Amid geopolitical complexity, uncertainty persists
  • Shaping the board’s strategic direction on climate
  • How prepared are companies for enhanced climate disclosures?
  • Goldman Sachs and internal audit innovation
  • 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
  • PCAOB agenda updates signal expected actions in 2022

May 2022

  • Comprehensive analysis of the SEC’s proposed rule on climate disclosure
  • CFO SignalsTM: 1Q 2022
  • On the board’s agenda | US: From next-generation to now—Digital assets
  • Preparing for the SEC’s climate disclosure proposal
  • SEC proposes cybersecurity disclosure rules
  • Board practices reflect the pandemic’s long-term effects
  • SEC guidance addresses obligations to safeguard crypto-assets
  • PCAOB seeks feedback on new auditing standard
  • PCAOB spotlights auditing considerations related to Ukraine
  • Accounting and reporting considerations for SPAC transactions

April 2022

  • SEC Proposes New Requirements for Cybersecurity Disclosures
  • SEC proposes rule on climate disclosure requirements
  • PCAOB conversations with audit committee chairs
  • Assessing Accounting Impacts from the Russia-Ukraine War
  • ESG executive survey: Preparing for high-quality disclosures
  • Board Practices Quarterly | Back to basics: Board meetings
  • On the board’s agenda | US: What’s all the buzz about the metaverse?

March 2022

  • Finding Commonalities Across Audit Committee Practices
  • 2022 Audit Committee Agenda
  • Build a Platform for Managing, Reporting on ESG
  • Overcoming the hurdles to board leadership on climate change
  • Change Coming to Board’s ESG Governance
  • Are CFOs too worried about inflation or not worried enough?
  • Global survey: The Board Frontier series
  • SEC proposes changes to whistleblower program rules
  • SEC proposes amendments to modernize reporting of beneficial ownership

February 2022

  • On the audit committee’s agenda | What’s on the horizon for 2022
  • Deloitte and CAQ Audit Committee Practices Report shares audit committee priorities and practices
  • On the Radar
  • BlackRock’s CEO releases annual letter
  • The 2021 AICPA and CIMA conference on current SEC and PCAOB developments
  • CFO Signals™: 4Q 2021
  • Trends that influence the future of internal controls
  • Internal auditors’ role in ESG
  • Financial reporting considerations for ESG and climate reporting
  • The SEC’s acting chief accountant addresses financial reporting in a complex environment
  • SEC vigilant on non-GAAP measures and metrics
  • Financial reporting related to the supply chain, inflation, and labor disruptions
  • Quarterly Accounting Roundup: Year in Review—2021
  • Global survey: The Audit Committee Frontier series

January 2022

  • 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

November 2021

  • On the radar
  • Global survey on climate change
  • The CAQ releases 2021 audit committee transparency barometer
  • On the board’s agenda | US: An interview with Tensie Whelan
  • Shifting the conversation on internal audit
  • ESG disclosure regulations
  • Key ESG takeaways from the CAQ Symposium
  • Accounting and reporting considerations for environmental objectives

October 2021

  • The role of internal audit and ESG
  • SEC’s sample letter focuses on climate-change disclosures
  • Implications of environmental activities on financial reporting outlined
  • A modernized business reporting framework
  • Investor behavior in the 2021 proxy season
  • SEC seeks comment on rules regarding clawbacks of incentive-based executive compensation
  • US regulatory and standard-setting activities related to group audits

September 2021

  • CFO Signals™: 3Q 2021
  • Finance 2025 revisited
  • Finance team adapts to be ready for any outcome
  • CAQ publishes ESG reporting trends
  • CAQ outlines accounting and auditing requirements for climate-related risks
  • Complete survey about the role of the audit committee in overseeing climate change risk
  • Considerations in divesting a carveout to a SPAC
  • Board Practices Quarterly: The outspoken corporation
  • On the board’s agenda | US: Business not as usual—How the Breakthrough Manifesto and Business Chemistry® can help boards navigate uncertainty

 

August 2021

  • CAQ publication examines external auditor’s responsibilities with respect to illegal acts
  • CFOs gear up for ESG reporting requirements
  • SEC chair issues statement on investor protection related to developments in China
  • SEC approves NASDAQ’s proposed rule regarding board diversity

July 2021

  • Increased demand for ESG attestation
  • Role of internal audit in ESG reporting
  • Financial transformations and seven key risk areas
  • 10 frequently asked questions for IPO readiness
  • The CAQ releases an alert on amendments to SEC independence rules

June 2021

  • Board Practices Quarterly: Cyber oversight
  • Missing Pieces Report: The Board Diversity Census of Women and Minorities on Fortune 500 Boards, 6th edition
  • How ESG affects accounting and financial reporting
  • PCAOB updates research on data and technology for preparers and auditors
  • Climate and ESG policy and market developments
  • Internal auditors adapt to change resulting from innovation and digitization
  • A cloud security controls framework
  • The PCAOB proposes a framework for HFCAA determinations
  • SEC announces regulatory agenda

May 2021

  • CFOs identify FP&A and management reporting for improvement
  • Creating long-term value with climate disclosures
  • On the board’s agenda | US: Incorporating ESG measures into executive compensation plans
  • On the board’s agenda | US: Trust ꟷ A critical asset
  • The CAQ releases an alert on auditing SPAC transactions
  • The PCAOB seeks new adviser nominations

April 2021

  • On the Radar
  • The Strategic Audit Committee: Navigating 2021
  • The CAQ releases an overview of ESG reporting and assurance
  • Artificial intelligence and machine learning to mitigate fraud risk
  • PCAOB staff outlook for 2021 inspections and CAQ guide to PCAOB inspections
  • The CAQ updates its External Auditor Assessment Tool
  • FASB staff releases a paper on ESG and accounting standards
  • ERP-enabled finance function can transform business
  • The PCAOB approves formation of a new standards advisory group
  • The SEC requests public input on climate-related and other ESG disclosures

March 2021

  • The CAQ and AICPA release a new roadmap for ESG reporting and attestation
  • Board Practices Quarterly: 2021 boardroom agenda
  • FERF releases annual report of public company audit fees
  • IFRS Foundation takes steps toward establishing global sustainability standards
  • Considerations for investing in digital assets
  • The SEC increases focus on climate-related disclosure

February 2021

  • On the audit committee’s agenda | The strategic audit committee: Navigating 2021
  • PCAOB conversations with audit committee chairs
  • Whistleblowing in the wake of COVID-19
  • Heads Up | Five steps to improve disclosures for investors
  • BlackRock’s CEO releases annual letter
  • On the board’s agenda | US: Cyber―New challenges in a COVID-19–disrupted world
  • On the board’s agenda | US: Get ready—How boards can prepare for activism’s next wave

January 2021

  • FEI Daily.com |The Shifting Role of The Audit Committee in Working with Management to Effectively Oversee Risk
  • On the audit committee’s agenda | Year-end accounting and financial reporting considerations: Questions for audit committees to consider
  • Quarterly Accounting Roundup: Year in Review – 2020
  • Common themes in the new Anti-Fraud Collaboration report
  • PCAOB’s focus areas for 2021 inspections will consider the impact of COVID-19
  • On the board’s agenda | US: The 2021 boardroom agenda—Never let a good crisis go to waste (and more)
  • SEC plans to implement the Holding Foreign Companies Accountable Act

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