We gather the thoughts, We talk to professionals
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The Chair's AgendaA letter on internal control which must be given our full attention
– May 2022Each year, in addition to the opinion on the annual financial statements, the Chair of the Audit Committee receives a management letter on internal control from the statutory auditors. What should the Chair of the Audit Committee do with this letter?
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#WeTalkToProfessionalsWe learn as we play
– April 2022On April 27, we experienced a board meeting simulation at Together, a social-profit association dedicated to the hosting of migrants in Brussels. At the end of the meeting, we debriefed on success factors, pitfalls, complexity of the topics, and time management… all issues we are regularly confronted with.
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#WeGatherTheThoughtsChallenging auditors and resolving conflict
– April 2022Set the goal of challenging auditors to better understand their work and improve the overall quality of their certification. This is one of the roles of the audit committee as outlined by the Financial Reporting Council (UK) in a January 2022 study.
This study, which gives the floor to a wide range of Audit Committee Chairs, is particularly interesting because it is qualitative. Let us focus on one of the chapters: Challenging auditors and resolving conflicts. (See at the bottom of the article the link to the study).
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The Chair's AgendaIn April, the Chairman keeps an eye on the financials and the other on the non-financials
– April 2022The preparation of financial statements has become a routine process. This is not the case for non-financial matters. Companies that are lagging behind in ESG must be prepared to answer sometimes embarrassing questions. This will be particularly the case in Europe with the gradual implementation of the directives on Corporate Social Responsibility and Taxonomy.
