The Bulletin

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The Bulletin
12/2020
How has the audit committee agenda changed? With 2020 almost in the rear view mirror (thankfully!), the 2021 audit committee agenda is shaping up differently than in years past. The past 12 months presented an opportunity for audit committees to support the key players managing the financial reporting process. Going forward, that support could prove to be critically important as the business environment continues to present disruptive challenges. Board members should not be surprised by anything 2021 has to offer. The key is ensuring the companies they serve are resilient and agile enough...
Volume
7
Issue
7
05/2020
Introduction   |   Chasing a Moving Target   |   A Fluid Current State   |   Focus on Leadership and Culture: Emphasising One Mission   |   Facilitate Employee Engagement: Making Symbiotic Times Possible   |   Apply Scenario Analysis: Planning for the Unexpected   |   Develop Your Ecosystem: Building a Community of Resources   |   Think Disruptive Innovation: Committing to What’s Possible and Practical   |   Summary For those who have read just about everything concerning coronavirus disease 2019 (COVID-19) within their capacity and attention span to absorb, the lethal message is clear: This...
Volume
7
Issue
6
03/2020
For several years, Protiviti has described the “future auditor” as a chief audit executive (CAE) who takes definitive steps toward making The Institute of Internal Auditors’ vision of “an independent, objective assurance and consulting activity that adds value and improves an organization’s operations” a reality. Several issues of The Bulletin have been devoted to describing various aspects of the future auditor’s journey.[1] The future is fast arriving with digital technologies unleashing a tsunami of opportunity and disruption that no one can ignore, particularly internal audit. As...
Volume
7
Issue
6
03/2020
For several years, Protiviti has described the “future auditor” as a chief audit executive (CAE) who takes definitive steps toward making The Institute of Internal Auditors’ vision of “an independent, objective assurance and consulting activity that adds value and improves an organisation’s operations” a reality. Several issues of The Bulletin have been devoted to describing various aspects of the future auditor’s journey.[1] The future is fast arriving with digital technologies unleashing a tsunami of opportunity and disruption that no one can ignore, particularly internal audit. As...
Volume
7
Issue
5
12/2019
The demands on boards of directors are as significant as they have ever been. Each committee of the board faces its own challenges, too, and the audit committee is no exception. With new accounting standards coming online, an increasingly active Public Company Accounting Oversight Board (PCAOB) inspections agenda, the relevance of the traditional accounting and reporting model under fire, and continued uncertainty in the geopolitical, business and regulatory environment, audit committees indeed have their hands full. As in prior years, we have identified several agenda items for audit...
Volume
7
Issue
5
12/2019
(Offered in Conjunction With Protiviti’s The Bulletin, “Setting the 2020 Audit Committee Agenda”[1]) When the audit committee undertakes an assessment of its composition, charter, agenda and focus, it may want to consider the following questions in light of the company’s industry, circumstances, risks, financial reporting issues and the current challenges it may be facing. These questions are intended to be illustrative and do not purport to cover every topic the committee should consider nor are they intended to apply to every single audit committee. They should be customized to the...