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Financial services organizations need to strategically identify opportunities amongst the continued burden of regulation. Therefore, their next move will be proven critical following the global crisis. The question is, how can institutions identify opportunities emerging from the new regulatory environment? And how can they implement change?

Size: 7030,49kB

Financial institutions facing a complex and ever changing regulatory environment, are determined to instill stability and prevent future crises-- a task that is ladened with complexity. Amidst these challenging times, it has never been as imperative for businesses to grasp the potential impact of regulatory changes and take control to help their businesses find their way forward.

Date: 01/01/2011 | Size: 5160,76kB

Shareholders' Questions 2011 has been prepared in order to assist directors in their preparation for their company's Annual General Meeting. This publication suggests questions that shareholders are likely to ask with a view to helping directors and management plan and develop informed responses.

Date: 12/01/2010 | Size: 197,88kB

Shareholders' Questions 2010 has been prepared in order to assist directors in their preparation for their company's Annual General Meeting. This publication suggests questions that shareholders are likely to ask with a view to helping directors and management plan and develop informed responses.

Date: 02/01/2010 | Size: 1954,47kB

Now in its sixth year, the Annual Audit Committee Issues Conference brings together audit committee members from around the country to discuss the challenges, practices, and priorities shaping the audit committee and board agendas.

Date: 02/01/2010 | Size: 347,11kB

When considering a board-level risk committee, the board first must clarify its own oversight responsibility as well as the oversight responsibilities of its standing committees. Here is a way to get at that.

Article by Henry R. Keizer, Global Head of Audit for KPMG International

Date: 01/01/2010 | Size: 115,42kB

With revenue growth flat or negative, cost cutting has become a key response of most companies in the economic crisis. A key consideration for every audit committee and board is whether these cost reductions, often coupled with corporate restructurings and reorganizations, can be sustained.

Article by Mary Pat McCarthy, Executive Director of KPMG's Audit Committee Institute in the US.

Date: 01/01/2010 | Size: 20,19kB

Companies and auditors have an opportunity to review their audit work processes to improve how they can accomplish a more proficient and effective audit for next year, and the internal auditor can be an integral part of the process.

Article by Henry R. Keizer, Global Head of Audit for KPMG International

Date: 12/01/2009 | Size: 918,96kB

As regulatory authorities increase use of oversight and enforcement authority and penalties for noncompliance escalate, leading organizations are recalibrating their compliance and monitoring processes.

Date: 10/01/2009 | Size: 155,48kB

At a time when expectations for effective oversight are extraordinarily high, and the business and regulatory landscapers are changing, time invested in audit committee issues and board introspection is well spent.

Article by Mary Pat McCarthy, Executive Director of KPMG's Audit Committee Institute in the US.

Date: 09/01/2009 | Size: 20,67kB

Companies and their boards could face substantial new disclosure requirements as early as FY2010 as a result of the amendments recently proposed by the Securities and Exchange Commission (SEC) to rules affecting broad compensation policy and corporate governance disclosures.

Date: 08/01/2009 | Size: 131,95kB

Financial institutions have collapsed, many companies find themselves struggling to stay afloat, investors are pressing for stable returns and governments have stepped in to shore it all up.

Article by Timothy P. Hedley and Lesley D. Hand, KPMG LLP

Date: 08/01/2009 | Size: 82,54kB

Even in good times, maintaining critical alignments-of strategy, goals, risks, incentives, performance metrics, and internal controls-throughout the organization is a significant challenge.

Article by Mary Pat McCarthy, Executive Director of KPMG's Audit Committee Institute in the US and Michael J. Nolan, Global Partner, Risk and Compliance Services, KPMG LLP.

Date: 07/01/2009 | Size: 436,71kB

Crisis tends to be a catalyst; crisis and uncertainty together can trigger a sea change. Dealing with this uncertainty is now a top priority-and a major challenge- for boards and audit committees.

Article by Mary Pat McCarthy, Executive Director of KPMG's Audit Committee Institute in the US.

Date: 05/01/2009 | Size: 17,98kB

Date: 02/01/2009 | Size: 441,75kB

KPMG's Audit Committee Institute (ACI) has developed a side-by-side comparison of selected elements of the Sarbanes-Oxley Act of 2002 and the NYSE, NASDAQ, and Amex stock exchange proposals that impact audit committees. This high-level overview of these key elements of the corporate accountability reforms also includes some general observations and has been updated as of October 22, 2002. The comparison was distributed at the Fall 2002 Audit Committee Roundtable series.

Date: 04/05/2005 | Size: 218,00kB

Defining issues, March 2004

Date: 04/01/2004 | Size: 102,77kB

Public companies and their independent auditors will soon face deadlines for internal control reporting under Section 404 of the Sarbanes-Oxley Act of 2002. The Act requires management to assess internal control over financial reporting, report on the assessment, and subject the assessment to audit by the company's independent auditor. This KPMG publication (second in a series), "Sarbanes-Oxley Section 404: Management Assessment of Internal Control and the Proposed Auditing Standards" (March 2003), summarizes the requirements of Section 404 and the proposed standards recently issued as Exposure Drafts by the American Institute of Certified Public Accountants (AICPA). It is intended to provide information that may assist audit committee members and company management as they work to understand their roles and new responsibilities - and the new responsibilities of the company's independent auditor.

Date: 03/01/2003 | Size: 562,76kB

Sarbanes-Oxley: A Closer Look (January 2003) is a KPMG LLP publication that summarizes much of the Sarbanes-Oxley Act of 2002, as well as the resulting new and proposed Securities and Exchange Commission (SEC) rules and interpretive commentary. This guidance also provides a foundation for understanding the new responsibilities for corporate governance, management reporting, financial statement disclosures, management assessment of internal controls, and the changed responsibilities of auditors. This 64-page publication is intended as a reference tool to help audit committee members understand their broader duties and to clarify the issues that face top executives, who are now confronted with greater potential exposure to personal liability as a result of the new laws.

Date: 01/01/2003 | Size: 386,62kB

Much of today's current debate and dialogue offers recommendations and "best practices" for improving the effectiveness of the audit committee in overseeing a company's financial reporting process. While such advice is well intentioned, KPMG's Audit Committee Institute (ACI) urges caution in attempting to adopt each and every generic "best practice."
To help foster knowledge sharing and awareness, ACI has developed five Basic Principles for Audit Committees (Basic Principles)-that were highlighted during the Spring 2002 Audit Committee Roundtable series. The overview of these Basic Principles was finalized a week before the New York Stock Exchange issued its Corporate Accountability and Listing Standards proposals that address a variety of issues that will impact audit committees in the future.

We encourage corporate leaders to consider our Basic Principles for Audit Committees to help provide the foundation for, and the framework within which, each audit committee develops and adopts its own "best practices" that support its independent and objective oversight of the financial reporting process. We also encourage you to share these Basic Principles with others interested in the audit committee process and to contact ACI with any questions or comments.

Date: 06/01/2002 | Size: 147,79kB

Shaping the Audit Committee Agenda was originally published by KPMG soon after the release of the report of the 1999 Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees. This book from KPMG continues to be a valuable resource to audit committee's considering their role in the overall corporate governance structure.

Date: 01/01/2000 | Size: 756,80kB