KPMG’s report from the 2017 AICPA Conference on Current SEC and PCAOB Developments includes a discussion of the regulatory priorities of new SEC leadership, insight on ongoing implementation efforts and preparation for new accounting standards, and expectations for disclosure and auditing in the future.
The potential impact of blockchain—on how business transactions and legal contracts are executed and recorded, IP/data protection and privacy, fraud prevention, voting, auditing, and more—is so fundamental and wide-reaching that observers and early adopters are comparing the current blockchain ecosystem to the early days of the Internet
Highlights and insights from the 2017 Audit Committee Issues Conference in Boca Raton include Going the Distance, a recap of the conference’s main sessions, including keynote addresses and panel discussions, and Risk Just Got Riskier, detailing key points shared by directors in the accompanying peer exchanges.
The January edition of Directors Quarterly includes insights on the key issues that directors should focus their board agendas on during the year ahead; findings from ACI’s latest global survey; an interview with Bloomberg’s global head of sustainable business and finance; and a recap of financial reporting and auditing developments from the AICPA conference.
Many audit committees are taking a closer look at their interactions with management’s disclosure committee, including their understanding of its operations—particularly how controls and procedures are updated in light of changing and expanding disclosure requirements.
The findings reveal a gap between what audit committees and CFOs want and what they get from internal audit. The biggest gap is in risk management. Only 22 percent of respondents said they get help assessing risks/risk management practices, while 57 percent said that would be most valuable.
Getting beyond the so-called private company discount requires a hard look at governance structures and processes, financial controls, and conflicts of interest. Read the survey report from Forbes Insights and KPMG Private Markets Group.