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Audit Committee Institute — Canada
Sponsored by KPMG
KPMG’s Audit Committee Institute provides information, resources, and knowledge-sharing opportunities to help audit committees and their boards of directors to strengthen the integrity of their financial reporting process and the quality of their corporate governance practices. Stakeholders of all types of entities—public, governmental, not-for-profit, and private—continue to expect the audit committee to fulfill its key role in corporate governance by providing effective oversight.
Of course, directors’ oversight is never static. Changing circumstances regularly require the audit committee (and often the board of directors) to adjust its focus and apply careful scrutiny. For example:
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Economic conditions can affect different entities in very different ways. While the recent downturn led some enterprises to pursue new opportunities, others struggled for survival, and the audit committee adjusted its oversight accordingly.
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For audit committees affected by it, Canada’s imminent move to International Financial Reporting Standards (IFRS) has added new challenges—overseeing not only financial reporting in both Canadian GAAP and IFRS, but also the broader enterprise-wide implications of this change.
The Audit Committee Institute serves as a resource to audit committee members and other directors, focusing on issues related to governance, accounting, auditing, and financial reporting. We provide support through our audit committee roundtables, publications and other articles, and our surveys of audit committee members.
Global Network
KPMG sponsors Audit Committee Institutes in over 30 countries worldwide, assisting audit committee members across the globe in their quest to improve governance in organizations operating locally, nationally and internationally.
If you would like more information about the Audit Committee Institute, please contact us.
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