KPMG - Canadian Audit Committee Update 2009

KPMG has published Canadian Audit Committee Update 2009. Two feature articles discuss current issues. The first article, Current Issues Dominating the Audit Committee Agenda, highlights critical areas — managing through the current economic challenges, the nature of oversight today, overseeing risk and the changing governance landscape. The second article, Audit Committee Evolving Issues focuses on the intersection of two complex processes for management — maintaining effective disclosure controls and procedures, and internal control over financial reporting, while successfully managing the changeover to IFRS. This publication also provides an overview of recent accounting and regulatory changes, enabling audit committee members to identify changes that may affect a company’s financial reporting and to prepare to ask management about their impact.