The Bulletin

Setting the 2015 Audit Committee Agenda

Audit committees continues to face crowded agendas and increasing complexity as we look forward into 2015. Based on our interactions with client audit committees, roundtables we have conducted, and discussion with directors at conferences and other forums, we have developed an agenda with 10 items for audit committees to consider for the coming year. The first five agenda items relate to enterprise, process and technology issues. The remaining five items relate to financial reporting issues.

Enterprise, Process and Technology Issues

Update the company's risk profile to reflect changing conditions - Many audit committees retain responsibility for making inquiries regarding the company's risk assessment process and risk management capabilities. Even Committees that do not have this responsibility often desire to see a summary of the organization's to risks.

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