"As audit committees confront a rapidly expanding risk landscape, their role in corporate governance is being reshaped. Boards have often turned to current and former CFOs as independent directors, particularly for audit committees, because of their ability to translate complex operational and financial realities into effective oversight.For example, this month, J. Michael Hansen, former EVP and CFO of Cintas Corporation, was appointed to the audit committee at Paychex."
"The center is designed to be a resource to strengthen the alliance between audit committees of boards and internal audit in a fast-changing risk environment. It offers research, webinars, and events and will ultimately add formal training programs. "The center has a very strong core belief-well-informed, engaged, and well-supported audit committees are essential to corporate governance," said Anthony Pugliese, president and CEO of the IIA."
Audit committees face a rapidly expanding risk landscape that is reshaping their role in corporate governance. Boards are increasingly appointing current and former CFOs to audit committees for their ability to translate complex operational and financial realities into effective oversight, with recent appointments at Paychex, Align Technology, and Twinkl. The Institute of Internal Auditors launched the Global Audit Committee Center in Washington, D.C. to strengthen the alliance between audit committees and internal audit, offering research, webinars, events, and future formal training programs. The center emphasizes that well-informed, engaged, and well-supported audit committees are essential and should rely on internal audit for insight into organizational operations.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]