Recent research shows more than 80 percent of employees have taken sensitive data when they leave the company. The concept of 'Insider Threat' is a very real threat to all businesses, in all sectors and of all sizes. This newsletter describes what we are seeing in the market and what steps can be undertaken in order limit the risks that businesses may face by departing or malicious employees.
Cybersecurity continues to be part of board agendas, especially in light of recent regulatory developments. This report examines the current regulatory landscape and highlights keys to effective board oversight of cyber risk management.
Discover highlights from a recent speech of SEC Chief Accountant Wesley Bricker that addressed new accounting standards, non-GAAP financials measures and audit committee overload.
This issue of Board Matters Quarterly includes articles about:
• 2017 proxy season preview: Heading into the 2017 proxy season, investors continue to focus on whether boards are fit for purpose.
• A look inside nominating and governance committees: As board responsibilities expand, there is a growing interest in the role of nominating.
The business of tax is undergoing a fundamental shift on a global scale, and the primary driver is the explosion of new transparency and reporting measures that have swept over the global landscape in recent years. That is the clear message from the over 900 tax and finance executives in nearly 70 jurisdictions who participated in EY's 2017 Tax Risk / Controversy Survey.
Against the backdrop of recent calls for enhanced corporate reporting, this publication explores ways of making IFRS financial statements more effective in communicating relevant financial information and, therefore, improving their overall understandability for users.
Global tax reforms and sustained weak economic growth continue to disrupt the competitive landscape in tax across the globe, driving countries to introduce new business incentives in order to compete. The Global Tax Policy Outlook 2017 is made up of known legislative changes, known government proposals for new legislation and the forecasts of EY's tax policy leaders in 50 countries.
On 31 March 2017, members of the Audit Committee Leadership Network met in New York to share their perspective on how best to approach evaluations of the external auditors. Members also spent part of the meeting discussing the Chief Information Security Officer's (CISO's) role and interactions with the board.
In November 2016, members of the European Audit Committee Leadership Network (EACLN) met in Berlin for their 26th stand-alone meeting. Members and guests discussed three main themes regarding the impact of digital technologies on internal audit.
In an effort to make the auditor's report more relevant and informative for investors and other financial statement users, the PCAOB (Public Company Accounting Oversight Board) has adopted a standard that requires auditors to include significantly more information in their auditor's reports.