dcpas cpe day panel discussion on public and private company audit trends may 26, 2011
TRANSCRIPT
DCPAS CPE Day
Panel Discussion on Public and Private Company Audit Trends
May 26, 2011
www.pwc.com
PwC
AgendaI. Audit Committee Effectiveness
A. Standardized Framework a. Example
B. Assessing Financial Expertise a. Example
C. Self Evaluation Surveys/Questionnaires a. Example
D. Audit Committee Activities/Meetings
E. Communications with Internal and External Auditors
II. Tone at the Top
A. Risk Assessment a. Practices
b. Procedures
B. Code of Conduct
III.Crisis Management
A. Where was the Board and Management B. Preparing and Testing a Plan of Action C. Individual Members D. Committee as a Whole
E. Legal Counsel F. Senior Management G. Public Relations
2
Audit Committee Effectiveness
Standardized Framework
www.pwc.com
Audit Committee Effectiveness
Assessing Financial Expertise
www.pwc.com
Audit Committee Effectiveness
Self Evaluation Surveys/Questionnaires
www.pwc.com
Audit Committee Effectiveness
Audit Committee Activities/Meetings
www.pwc.com
Audit Committee Effectiveness
Communications with Internal and External Auditors
www.pwc.com
Tone at the Top
Risk Assessment
www.pwc.com
Tone at the Top
Risk AssessmentPractices
www.pwc.com
Tone at the Top
Risk AssessmentProcedures
www.pwc.com
Tone at the Top
Code of Conduct
www.pwc.com
Crisis Management
www.pwc.com
Where was the Board and Audit Committee
Crisis Management
www.pwc.com
Preparing and Testing a Plan of Action
Crisis Management
www.pwc.com
Individual Members
Crisis Management
www.pwc.com
Committee as a Whole
Crisis Management
www.pwc.com
Legal Counsel
Crisis Management
www.pwc.com
Senior Management
Crisis Management
www.pwc.com
Public Relations
PwC
Closing remarks