2018 Audit Committee Round-Up

January 2019


What’s on the minds of audit committees now that 2018 has come to a close and we focus on the audit of the future?
On the financial reporting and transparency front, matters range from continued implementation and adoption of significant accounting standards, impact assessment relative to U.S. tax reform, and opportunities to participate in dry runs for new auditor reporting around critical audit matters. Evolving technologies and analytic capabilities; cybersecurity and data governance; along with transparency and relevance in disclosures have audit committees further engaging in forward-looking, risk-based discussions with management and advisors. Finally, the need to critically assess evolving organizational talent and board composition – including the audit committee – to align with short-term and long-term business strategy is rising in importance. Learn how each of these may impact audit committees for both public and private companies for the foreseeable future.
BDO has compiled our annual 2018 Audit Committee Round-Up, a snapshot of issues and select resources that audit committees will find helpful in addressing their oversight responsibilities and communications with management and auditors during the year-end audit cycle and related reporting.