Introduction
Dorsey & Whitney LLP is pleased that its corporate partner Tim Hearn will participate in the KPMG Audit Committee Roundtable on May 11 at the Minneapolis Marriott City Center from 3:00 p.m. to 5:00 p.m., followed by a reception.
As audit committees, boards, and management intensify their focus on the critical risks facing a company—financial, regulatory, operational, reputational, and others—it is fast becoming apparent that the “big picture” is just as important as the details.
Without a clear, wide-angle view of the company’s risks and the processes used to evaluate and oversee its management of those risks, the forest can easily be lost for the trees:
- Key risks can be overlooked.
- Vital questions can go unasked—or unanswered.
- Unidentified risks can work against business strategies.
Exploring the Audit Committee’s Role
Audit committees have a central role to play—if not a regulatory responsibility to fulfill—in overseeing the effectiveness of the company’s risk management process.
ACI’s 2006 Spring Audit Committee Roundtable Series—to be held in 33 cities throughout the U.S. in May and June—will explore this issue in-depth, focusing on the roles and responsibilities of the audit committee, board, management, and others as well as processes used to evaluate and oversee the management of risk.
Through highly interactive, panel-driven discussions and audience participation, this roundtable series will offer insights and dialogue on key challenges and leading practices in overseeing the risk management process.