Feb 06, 2014 at 02:16 PM
From the Audit Committee Institute
Insights from KPMG's 10th Annual Audit Committee Issues Conference
Growth is back on the agenda, with corporate profits at 50-year highs and steadier economies around the world, but big questions still remain for boards and management in a transitional year for the U.S. and global economies.
The year ahead will be a pivotal one for boards and audit committees as they wrestle with agendas increasingly dominated by "must-do's" -- legal/regulatory compliance matters and governance mandates -- and a business and risk environment that's faster moving and less forgiving than ever.
"No question, you have to get compliance right," said Dennis T. Whalen, partner in charge and executive director of KPMG's Audit Committee Institute (ACI), which hosted the 10th Annual Audit Committee Issues Conference with cosponsors the National Association of Corporate Directors, and Weil Gotshal and Manges LLP. "But it's critical not to let process overwhelm the agenda -- particularly today, with technology and globalization challenging business models and changing the risk equation almost daily."
At the mid-January conference, more than 150 audit committee members and governance professionals from public and private companies and not-for-profits convened in Phoenix for peer exchanges and panel discussions on timely topics, including:
- Oversight, Insight and Foresight: Beyond "Best Practice"
- IT Hot Spots: Cyber Security, Systems and Strategy
- The Board's Perspective on M&A
- Building a Risk Aware Company and Board